City watchdog, the Financial Services Authority (FSA), is proposing to increase the amount of protection given to savers to at least half a million pounds, in special circumstances only. In some cases, protection will be unlimited.
Mortgage lenders are continuing to cut the cost of fixed rate deals for borrowers. Barclays this week became the latest lender to slash its rates, some of which are down by 0.5% points, following months of Bank of England base rate cuts.
Housing charities have launched a campaign to protect tenants thrown out of their homes with little warning because their landlord hasn’t paid the mortgage.