The Bank of England has unveiled the results of its first stress testing exercise on the UK banking system, with a mixed batch of results. The eight major UK banks and building societies were studied, with the test specifically designed to assess resilience to a sudden housing market change or a rapid interest rate rise […]
Even though the rate of inflation is down to 1.9%, finding saving accounts that negate the impact of tax and inflation remains difficult for consumers. According to Moneyfacts, there are only 31 non-ISA accounts on the market that can effectively do this, out of a total of 627. Given that beating the Consumer Price Index […]
Money raised by entrepreneurs via crowdfunding has topped the £1 billion mark in the past two years, according to the latest figures. As a result many businesses have had a solid foundation on which to build and develop, helped by the continued growth of crowdfunding as a concept. The number of websites on both sides […]
The government has announced plans for a shake-up of the banking sector, in response to the global recession, in its banking reforms White Paper.