Challenge to bank charges begins
Banks came under pressure to reduce their charges yesterday as a legal challenge that could trigger refunds of millions of pounds to customers got under way.
Court to rule if banks overcharged customers with 'punitive' fees
The long-awaited court case that will determine whether thousands of aggrieved bank customers can pursue overcharging claims against banks begins today.
A cure for rejected claims offers hope for those who fail to pass the medical cross-examination
Consumers could win the battle on fees, but will they lose the war?
Bank of England rejects rate cut - for now
It may have been a close-run thing but the Bank of England's Monetary Policy Committee (MPC) chose to leave UK interest rates on hold at 5.5 per cent last Thursday. In the days before the committee was due to meet, there had been fevered speculation that it would lower the base rate for the second month in a row. Some sections of the business and retail community called for a cut, arguing that the economy and consumer spending were slowing dramatically and action was needed to restore confidence.
Should first-timers rush to buy now the door is half-open?
Housing market: December revival can't cure the post-summertime blues
House price inflation staged a surprise comeback in December after three consecutive monthly falls, according to the Halifax. In the run-up to Christmas, average prices rose 1.3 per cent.
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Revealed: a new bank rip-off
Some of Britain's biggest banks have failed to pass on last month's base rate cut to mortgage holders, yet imposed even bigger cuts on savings interest.