The Government’s much-trumpeted Mortgage Rescue Scheme has only helped one struggling homeowner avoid losing their home since it was launched in January.
UK building societies have insisted they are still a safe haven for savers, despite a raft of major mutuals having their financial strength called into question this week.
The Liberal Democrats have thrown their weight behind MoneySavingExpert.com’s campaign to force banks and building societies to publish savings rates on customer statements
The Government will allow those who tried but failed to boost their state pension last week – before top-up prices rocketed by 50% today – more time to pay the reduced rates.
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.
The cost of living froze in February compared to the same period last year, as one of the key measures of inflation fell to zero for the first time in 49 years.
24 March 2009
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