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George Osborne is all set to announce that irresponsible banks will not be allowed to be bailed out through money from the taxpayers. He will also define the plans to curb the reckless ‘casino’ investment units of such banks. Also, he’ll be talking about the proposed move to forcibly quash banks that trespass the rules. Mr. Osborne’s . . . → Read More: Chancellor set to stop bail outs for ‘irresponsible banks’  With mortgage rates continuing to rise and most housing and lending market analysts predicting that they will steadily increase over the next year many people are wondering if they should rent a home instead of purchasing one. This is an even more logical question when you consider the fact that the best mortgage rates are offered to . . . → Read More: Why buying is still cheaper than renting The UK Tax Authority will soon send letters to over 1,000,000 households, telling them that they’ve lost their child benefit. A recent decision of the government states that families in which one parent earns over £50,000 will either lose the child benefit or have it drastically reduced. Officials report that the change will make over 500,000 . . . → Read More: Chaos expected over child benefit changes in the UK It is a year since Steve Jobs passed away, and the man who replaced the seemingly irreplaceable has made the company both more ethical, and more profitable. On the 4th October 2011 Tim Cook took to the world’s stage for the first time at the Apple headquarters in Cupertino, California as its new chief executive to . . . → Read More: Steve Jobs replacement turns Apple into a more ethical company Houses prices fell once again in July after two months of noticeable increase but a new survey stated that this may be the end of movement for home prices at all as they are expected to remain flat now for the duration of the year. The Halifax House Price Index put the average home price at £161,094 . . . → Read More: House prices expected to remain static for the rest of 2012 David Gauke, the Treasury Minister, said that it is wrong to pay tradesman such as cleaners, plumbers, and builder’s cash in order to avoid paying taxes on their services. He argued that the practice comes at a large cost to Treasury and inadvertently in the future will mean that other people are going to end up . . . → Read More: Treasury minister tells consumers to stop paying in cash to secure a discount It is estimated that 12 international banks could be facing fines for fixing interest rates which could total around £15 million. Barclays recently faced a fine of nearly £300 million for submitting figures, that were false, about the rate at which was borrowing money from other leading banks. The scandal was a major issue in the . . . → Read More: International banks facing fines totalling £15m The organisers of the London Olympics this year said that they’ve increased the management fee being paid to the company responsible for security at the event by 10 times. This means that the security company are getting paid over £50 million extra, on top of their original contract. This information was revealed by the newspaper, The Daily . . . → Read More: Fees for security at the Olympics sky rockets to £60m The BBC has recently learnt that ministers are set to order an independent review into inter-bank lending following the Barclays fiasco. It will be examining how Libor, the rate that the BBA, British Bankers Association, set on a daily basis, will operate in the future. Ed Miliband, the Labour leader, has called for a public enquiry . . . → Read More: Banking industry set for most invasive investigation ever after Barclays scandal Many people think that because free health care is provided by the NHS they do not need a secondary health insurance. These are usually people that have not yet faced a major health crisis; however, those who have can affirm the fact that secondary health insurance is a very good idea. If you choose a policy before . . . → Read More: Getting health insurance in the UK |
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