Top Money Stories Archive February 2009
Former chief executive of RBS rewarded for failure
Friday, 27 Feb 2009 | 0 CommentsSir Fred Goodwin received £693,000 per year to help him cope with retirement · HBOS record losses of £10.8bn · RBS pledge to loan £25bn to individuals and businesses · Refund's for 'unfair' bank charges · Housing market continues to struggle
Filed under: bank charges, crisis, financial house lending, pensions, prices
Government offer more taxpayer's money to help failing banks
Thursday, 26 Feb 2009 | 0 CommentsGovernment set to insure banks toxic assets · Save by paying more towards your mortgage · Rent plummets as homeowners struggle to sell · FSA set to undergo major changes · House prices fall again according to Nationwide · Average debts of CAB clients reach £17,000
Filed under: crisis, debt financial FSA, house mortgages, prices, rent,
Public withdraw record amount from savings
Wednesday, 25 Feb 2009 | 0 CommentsCouncil tax set to increase · Public dip into savings · Customers charged more to use an overdraft
Mortgage approvals on the increase
Tuesday, 24 Feb 2009 | 0 CommentsMortgage approvals up in January · Small businesses are struggling to get access to credit · Vodafone to cut 500 jobs in the UK · Pawnbrokers benefiting from the crisis · Northern Rock plan to offer bonuses
Filed under: bonuses businesses, mortgages, small unemployment,
Northern Rock to offer mortgages
Monday, 23 Feb 2009 | 0 CommentsNorthern Rock to start lending · Call for more affordable homes · Disposable income has fallen
Filed under: housing mortgages,
Repossessions rise
Friday, 20 Feb 2009 | 0 Comments40,000 homes repossessed in 2008 · Britain's debt is laid bare · More job cuts announced · Car production falls
Filed under: debt repossessions, unemployment,
Bank of England consider taking desperate measures to boost the economy
Thursday, 19 Feb 2009 | 1 CommentsBank of England set plans to print more money · Brown hints at tax cuts · British rail travellers pay more · National Savings & Investments has cut its savings rates
Filed under: crisis, cuts, financial savings tax tickets, train
Bankers bonuses are restricted by the government
Wednesday, 18 Feb 2009 | 0 CommentsBanks bonuses reduced · Government failing to meet child poverty targets · Credit card conditions to be made clear · Crackdown on phony debt management agencies
Is the UK economy going to experience deflation?
Tuesday, 17 Feb 2009 | 0 CommentsInflation falls in January · House sales could rise · Premium bonds prize money unclaimed · Is the Lloyds Banking Group going to be nationalised?
Filed under: crisis financial housing, inflation, savings,
FSA failed to see the financial crisis coming
Monday, 16 Feb 2009 | 0 CommentsFSA missed the signs of crisis · Mini announce job cuts · Is the recession going to be worse than expected · Bonus discussion continues · Supermarkets use discounts to shield price increases
Filed under: bonuses, crisis, financial prices unemployment,
Another energy firm cuts its prices
Friday, 13 Feb 2009 | 0 CommentsE.On cuts electricity bills · Isa limits should be increased · Jobs at risk · Woolworths store reopened in Dorset
Filed under: energy prices, savings, unemployment, woolworths
Mortgage lending has fallen to levels last seen in 1974
Thursday, 12 Feb 2009 | 0 CommentsMortgage lending falls by 49% · Deputy chairman of the FSA resigns · Bank of England plan to print more money · Saving rates fall to record low
Filed under: crisis, financial FSA, mortgages, savings
Unemployment at highest level since 1998
Wednesday, 11 Feb 2009 | 0 CommentsUK unemployment reaches 1.97million · Credit card rates increased · Mortgages still proving difficult to secure
Filed under: cards, credit mortgages unemployment,
Major UK banks apologise
Tuesday, 10 Feb 2009 | 0 CommentsRBS and HBOS questioned by MP's · Retail sales see an unexpected increase · Rise in new entrepreneurs · What happened to the house prices during January? · Pensioners unable to use face-to-face saving accounts
Filed under: businesses, crisis, financial house prices, sales, savings small
Is the government rescue package working?
Monday, 9 Feb 2009 | 0 CommentsIs the government doing enough to help homeowners? · Has the cut in VAT had an impact? · CBI calls for access to credit · Brown angry about bank bonuses
Filed under: bonuses loans, repossessions, VAT,
Individuals and businesses struggle to keep their heads above water
Friday, 6 Feb 2009 | 0 CommentsEnergy prices cut by Scottish and Southern Energy · UK manufacturing output down · Sterling hits a two month high · Insolvency on the up
Filed under: bankruptcy crisis, energy financial pound, prices,
Bank of England cuts interest rates for the 5th time
Thursday, 5 Feb 2009 | 0 CommentsInterest rates cut to 1% · Banks increase lending to small businesses · Food costs on the up · Are house prices stabilising? · Ford announce 850 job cuts · Outrage as RBS dish out bonuses
Filed under: bonuses housing, inflation, interest loans, rates, unemployment,
Pensioners finally given a lifeline
Wednesday, 4 Feb 2009 | 0 CommentsBarclaycard helps struggling customers · Savers can't deposit cash at the Post Office · Pensioners may receive a tax cut · 'Bad Bank' being considered · Repossession firms investigated
Filed under: interest mortgages, rates, repossession savers,
Many return to work, whilst their kids stay at home
Tuesday, 3 Feb 2009 | 0 CommentsHow much has the snow cost businesses? ·Local authorities to provide mortgages · Mortgage repayments missed by 900,000 homeowners · Pontin's creates 2,000 new jobs · Premier league clubs ignore the credit crunch
Filed under: mortgages
Businesses feel the heat, as the chill sets in
Monday, 2 Feb 2009 | 0 CommentsRecord snow fall plays havock for UK businesses · Woolworths is back · Fraud reaches record levels in 2008 · Post Office to become the 'People's Bank'
