Archive for June, 2006

TweetShareThis has prompted concern from Citizens Advice that those on low incomes will be forced to go into debt by borrowing money to repay overpayments, as well as pay for food. Organised fraud and IT problems have been blamed for the problems and has led to calls by opposition parties for the paymaster general to [...]

TweetShareWhich? magazine said that HBoS, RBS and NatWest charged £118 for someone going £50 over their £250 overdraft limit for three days, which included direct debit, cheque and standing order charges. This has prompted calls that such charges are unfair and risk pushing people deeper into debt. “It’s time for banks to start treating their [...]

TweetShareIts latest figures show that the increase in loans totalled £9.3 billion last month, up from the £9.2 billion increase in March. However, this was still below the six month average for growth rates and has led to caution from experts about a rebound, despite an improvement on last year’s spring lending. Debt levels are [...]

TweetShareFigures from accountancy firm BDO Stoy Hayward reveal that the Treasury has enjoyed massive increases in the amount of money it has collected from Britons since the Labour government came to power. Revenue from income tax has increased by 55 per cent. Although the top rate of tax has remained static at 40 per cent, [...]