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January, 2008 news

Online banking `more popular than ever before`
More people than ever before are using online banking, new research has found.... >>

Rate cut `likely` after US "shock"
The recent "shock" interest rate cut in the US is likely to be followed by similar action in the UK next month, a financial expert has claimed.... >>

Isa changes `very timely`
Many of the new changes to individual savings accounts (Isas) are beneficial to consumers wishing to use them as part of a debt management scheme, an industry expert has claimed.... >>

Low pension returns `add to debt problems`
Workers throughout the UK received the lowest returns from their pension funds for five years during 2007, new figures have revealed.... >>

Swapping services `could save £4,500 in 2008`
Consumers across the UK can save more than £4,000 this year if they shop around for the right financial products for their situation, new research has found.... >>

Parents `want schools to teach personal finance`
The majority of parents and teachers feel that youngsters should be taught how to manage their money in school.... >>

Rock chairman asks shareholders for support
Troubled mortgage lender Northern Rock has asked its shareholders to stave off plans for nationalisation and put it "on the road to recovery".... >>

It pays to talk about debt
"Better to remain silent and be thought a fool than to speak and remove all doubt." ... >>

Expert rubbishes widespread 2008 `doom and gloom` theory
Consumers are not heading for a year of complete "doom and gloom", a financial expert claimed after last week`s interest rate decision.... >>

Unpaid bills mount as debt problems hit
The debt problems of British consumers are reaching breaking point after new research showed the number of unpaid bills has reached record levels.... >>

Brits `rely too much on unauthorised overdrafts`
More than one million Britons are using unauthorised overdrafts which charge interest at double the rate of authorised loans, new research shows.... >>

Total UK personal debt continues to rise
Consumers in the UK are still failing to control their debt problems as new figures show the total personal debt in the country reached new record levels in November.... >>

Another interest rate cut on the cards?
The Bank of England could be driven to implement a second consecutive cut in the base rate of interest, analysts have suggested.... >>

Financial resolutions for the new year
January is the time to make financial resolutions and ensure a healthier year ahead, according to one building society.... >>

 

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