Finance

In my younger more primitive years I used to think of credit reporting as nothing more than a way of consumerising a business function. Credit reports, or scores as they're now known to the public, are used by creditors as a way of making decisions about your creditworthiness,  but it is of little practical use outside high street banks and car dealerships. More widespread knowledge of prudent credit usage is a more suited antidote to better credit over a colourful barometer shipped...

The Conservative Party assumes that people want lower taxes and the rolling back of the public sector, and under Thatcher that approach worked and kept the party in power for a long period of time. However, it appears that the British people are increasingly in favour of the opposite and welcome an increase in taxes and Govt spending, according to a new study. The research found that almost half of people in the British Isles want the Government to raise...

Supermarket Income REIT has announced its intention to launch an initial public offering of its shares on the specialist fund segment of the main market of the London Stock Exchange. Seeking to raise up £200m Supermarket Income REIT is seeking to raise up to £200 million by way of a placing and offer for subscription. The IPO proceeds will be used to acquire a diversified portfolio of supermarket real estate assets in the UK, providing long-term RPI-linked income, from institutional...

The Government must look after ordinarily working people as growth lowest for four years. GMB union has called for urgent action on the cost of living crisis as retail sales growth slumped to its lowest level for four years. Figures from the ONS this morning show that the annual retail sales growth rate was the lowest since April 2013. Non-food stores were the main contributing factors to this slowdown with an annual fall of 1.2% and predominantly food stores saw...

There is no single "best" way to conduct personal financial affairs.  In fact, since each person's resources, experiences, and financial goals are unique, there are actually countless approaches to money management - some more successful than others.  While you may not exactly be able to copy another person's financial success, it does make sense to observe and learn from others' experiences.  Because in the end, despite differences in the ways we address financial concerns, some practices (balanced budget) furnish universal...

Last July Paul had a call that we all dread: an uncle of his had taken ill, and he knew straight away from the tone of the lady informing him, from the hospital, that it did not sound good. What made this situation more complex was that his uncle lived in Thailand. Paul, from Peterborough, said: “The next day we received another call saying that his situation had not improved overnight, and we faced the difficult position of giving approval...

Conservative’s flawed economic plan exposed once more as average pay drops even including bonuses GMB says the UK desperately needs a pay rise as average real terms wages drop once again. Even taking into account bonuses real average weekly earning, taking account of inflation, decreased by 0.4% according to today’s figures – and by 0.6% excluding bonuses. Today’s figures are the first time average earnings, including bonuses, have gone into decline since 2014. Just yesterday ONS figures showed inflation has...

Today the Financial Ombudsman released its annual report unveiling a significant rise in the number of complaints about payday lenders. According to Chief Ombudsman, Caroline Wayman, "the most striking story has been the rise in contact we’ve had from people having trouble with credit. We’ve seen around three times last year’s volumes of complaints about payday loans". But aren’t things supposed to have improved a lot recently? The regulator, the Financial Conduct Authority (FCA) made Wonga write off many loans in...

If you’re looking for a Forex broker you might as well go all the way and make sure that it’s the right one for you. There are certain tells that will allow you to quickly identify whether or not a Forex broker is the right one for you or not. Certain qualities cannot go missing when it comes to this type of provider, and therefore researching whether or not the one that you have your eyes on possesses them is...