LATEST NEWS

Stay current with our daily news updates - latest financial and economy news is posted on this page at least once daily, so you know what is happening in relation to your money.

Fear Of UK Recession Eases As Service Sector Grows 03 February 2012 - Which Way to Pay Niesr Report released today says that recession is inevitable but it's not all doom and gloom Read More >>

To Payday Loan or Not To Payday Loan – That Is The Question 02 February 2012 - Which Way to Pay With millions of Britons expcected to take out payday loans this year why are so many people turning to these high interest loans despite the bad press? Read More >>

UK House Prices Fall But Manufacturing Rebounds 01 February 2012 - Which Way to Pay According to data from Nationwide Building Society, UK house prices unfortunately fell for the second straight month in January but on a positive note the UK’s manufacturing sector enjoyed a better than expected start to 2012. Read More >>

UK Consumer Confidence Improves But Still “Severely Depressed” 31 January 2012 - Which Way to Pay A survey released today by research firm GfK NOP has provided some relief as it suggested that consumer confidence improved in January. Read More >>

Miliband – Scottish Independence Will Damage Economy 30 January 2012 - Which Way to Pay Ed Miliband has said in Glasgow today that Scottish independence will prevent economic growth and recovery and undermine the current efforts to tackle UK recession. Read More >>

Osborne Unveils Financial Services Bill In Davos 27 January 2012 - Which Way to Pay At the World Economic Forum in Davos, Chancellor George Osborne released new government powers to interv This bill will radically shake up the whole financial system ene in the financial sector. Read More >>

Cameron Addresses World Economic Forum In Davros 26 January 2012 - Which Way to Pay Prime Minister David Cameron, Speaking today at the World Economic Forum in Davros, Switzerland hit out at European leaders for being too cautious and not bold enough in its handling of the debt crisis. Read More >>

Recession Threat As UK Economy Shrinks By 0.2 % 25 January 2012 - Which Way to Pay This figure, more that what economists had expected, is the result of a deteriorating service sector and weak factory and utilities output leading many to believe that the UK entered a mild decision in the last three months of 2011. Read More >>

UK House Sales Reach Record Low 24 January 2012 - Which Way to Pay According to data released by HM Revenue and Customs UK house sales fell 11 % in 2011 to 869,000, a record low with the property market experiencing a 3 year decline. Read More >>

Economic Gap Widening Between UK Cities 23 January 2012 - Which Way to Pay With major economic differences seen across the country particularly in unemployment, private sector jobs, skills and business start ups, it seems that the economic gap is widening, particularly as some cities have been hit hard by recession. Read More >>

UK Retail Sales Rise 0.6 % 20 January 2012 - Which Way to Pay The Office for National Statistics said today that sales in petrol rose and that compared to a year earlier sales were generally up 2.6 %. But can sales encouraged by price cuts really continue? Read More >>

Companies in Critical Financial Distress Increases by 24% 19 January 2012 - Which Way to Pay A report released today by financial services company Begbies Traynor has found a 24% year on year increase in the number of companies in ‘critical’ financial distress. Read More >>

Unemployment Hits 17 Year High 18 January 2012 - Which Way to Pay Official figures released today by the Office for National Statistics, showed that last November UK unemployment hit its highest level since 1995. Unemployment now stands at 2.685 million. Read More >>

UK Inflation Rate Falls To 4.2% 17 January 2012 - Which Way to Pay According to The Office for National Statistics (ONS) consumer prices increased by 4.2 % in December last year which was down from the 4.8% seen in November. Read More >>

UK Already In Recession? 16 January 2012 - Which Way to Pay According to a forecast from the Ernst and Young ITEM Club, the UK will experience a stagnant growth with recession already set in motion. The Centre for Economics and Business Research (CEBR) also believes that gross domestic product decreased in the last quarter of 2011 and will continue to fall early this year and so a recession if inevitable. Read More >>

Student Lifestyle Leaving You Strapped For Cash? 10 January 2012 - Which Way to Pay Covering the cost of books for studying, rent and socialising can often leave students feeling a pinch in their pocket and sometimes your loan or income from a part time job simply will not cover all your expenses. Read More >>

BCC States Recession Is Not a Foregone Conclusion 10 January 2012 - Which Way to Pay Although the BCC is confident that a recession is not yet inevitable in the UK, it does not shy away from the fact that the economy remains at huge risk from the crisis of the Eurozone. Read More >>

Blacks Leisure Goes Into Administration As Bidders Emerge 06 January 2012 - Which Way to Pay One of the largest outdoor retailers in the UK, Black’s Leisure, which comprises Blacks and Millets, announced today that it will be going into administration as part of a takeover sale. Read More >>

Can The UK Economy Escape Recession? 05 January 2012 - Which Way to Pay According to the latest purchasing managers’ index (PMI) activity in the UK service Sector was at 54.0 and considering any figure over 50 means that the sector is growing, this data which was stronger than expected, shows a great performance. Read More >>

The Cheapest Travel Insurance Is Not Necessarily the Best 05 January 2012 - Which Way to Pay You need a policy that you can trust can cover you in any unexpected hiccup while abroad. You should read the policy carefully to make sure it suits your requirements. Read More >>

UK Mortgage Approvals Rise – Don’t Get Too Excited 04 January 2012 - Which Way to Pay Bank of England Data released today showed that November of 2011 saw approved mortgage loans standing at 52,854 with total lending to individuals rising by £1billion, its highest level in just under two years. Read More >>

Breakdown in UK Private Sector Pensions 03 January 2012 - Which Way to Pay There has been a dramatic collapse in private sector pension schemes as across the UK companies are withdrawing from bolstering employee pension schemes. Read More >>

British Airways Wins Battle For BMI 22 December 2011 - British Airways Wins Battle For BMI International Airlines Group (IAG), the holding group of British Airways and the Spanish airline Iberia, has bought Lufthansa’s UK unit BMI for £172.5 million in cash. Virgin made a rival bid for BMI earlier last month ensuring a takeover battle for the loss making UK airline with IAG being victorious. Read More >>

UK Given High Ratings by Moody’s but Warned Over ‘Challenges’ 21 December 2011 - Which Way to Pay The ratings agency Moody’s has kept the UK’s high score of AAA in its annual guidance for investors. Although the high score has been kept for the country’s economic governance, Moody’s warns that the UK faces ‘formidable and rising challenges’, even thought it has ‘significant structural strengths’ and still deserves it’s top rating. Read More >>

UK Consumer Confidence at Near-Record Low 20 December 2011 - Which Way to Pay According to a survey conducted by Nationwide Building Society, consumer confidence across the UK is at a near-record low in November. The Nationwide Consumer Confidence Index saw slight gains, rising to 40 from October’s record low of 36. Read More >>

New Rules for Mortgage Lending 19 December 2011 - Which Way to Pay The Financial Services Authority (FSA) is likely to impose new rules in 2013 in order to stop a resurgence in risky mortgage lending. The regulator's revised proposals still intend to bring in ‘common sense’ standards that will stop home buyers borrowing more than they can afford. Lenders are being told they must assess the affordability of loans better. Read More >>

Six Global Banks Downgraded by Fitch 16 December 2011 - Which Way to Pay Six of the biggest global banks have been downgraded by ratings agency Fitch as the global economy continues to be challenging. Those banks downgraded include Goldman Sachs and Bank of America in the US, Barclays in the UK, BNP Paribas in France, Deutsche Bank in Germany and Switzerland’s Credit Suisse. Read More >>

Ernst & Young says Eurozone Faces Recession this Winter 15 December 2011 - Which Way to Pay The audit firm Ernst & Young has said that the eurozone is looking at a ‘bleak’ winter. The company also predicted the recession in the first half of next year will be ‘mild’ and will result in economic growth of a poor 0.1% for whole of the year. Read More >>

Unemployment Rises to 2.64 Million in UK 14 December 2011 - Which Way To Pay Throughout the three months to October, UK unemployment increased by 128,000 taking the number up to highest seen since 1994 of 2.64 million. According to the Office for National Statistics, the unemployment rate was 8.3%, a jump up from the 7.9% seen in the previous quarter. Read More >>

Inflation Rate Drops Across the UK in November 13 December 2011 - Which Way to Pay The inflation rate of Consumer Prices Index (CPI) in the UK dropped to 4.8% in November according to figures released by the Office for National Statistics. This is a fall of 0.2% from the 5% inflation rate in October. The rate however is still well above the Bank of England target of 2% for inflation. Read More >>

Cameron Vetoes Europe 12 December 2011 - Which Way to Pay Many of his own MPs in the Commons will welcome David Cameron’s decision to veto an EU-wide treaty change but Cameron will face MPs later to explain his decision and this comes the day after his deputy PM said the move was “bad for Britain”. Read More >>

Record Exports Narrow UK Trade Deficit 09 December 2011 - Which Way to Pay October saw the trade deficit in the UK significantly narrow as record levels of export value were reached, according to official figures. The Office for National Statistics has released figures that show that the deficit in goods dropped to £7.6 billion. This is a significant fall from the £10.2 billion seen in September. Read More >>

Millet's Owner, Blacks, For Sale 08 December 2011 - Which Way to Pay The UK's biggest outdoor retailer, Blacks Leisure, put itself up for sale today in a last-ditch effort to save the loss-making business from collapse. Read More >>

UK Manufacturing Down in October to 0.7% 07 December 2011 - Which Way to Pay According to figures from the Office of National Statistics (ONS) the industrial output in the UK dropped by 0.7% in October. When the performance for October is compared with that of last year, output was 1.7% lower. This is the largest annual fall seen since April. Read More >>

Retail Sales in the UK See Weakest Growth Since May 06 December 2011 - Which Way to Pay According to the British Retail Consortium (BRC), shoppers across the UK have kept at ‘tight rein’ on spending throughout the run up to Christmas so far. The retail sales monitor of the body saw meagre growth in November of 0.7%. This is the poorest growth seen since May. Read More >>

UK Shopper Embrace Technology 05 December 2011 - Which Way to Pay According to a survey conducted by KPMG on shopping habits across the world, shoppers in the UK are embracing technology at a considerably faster pace than in many other countries across the globe. Read More >>

King Wants Incentives for Bank to Lend to Businesses 02 December 2011 - Which Way to Pay The governor of the Bank of England, Mervyn King, has defended the Bank’s decision to start a new programme of quantitative easing, injecting £75 billion into the UK economy. Read More >>

Warning from Bank of England for Banks to Up Buffers 01 December 2011 - Which Way to Pay The Bank of England has issued a statement urging banks to strengthen their financial reserves in order to survive the contagion from the eurozone debt and the consequential global downturn. Read More >>

Public Sector Strike Begins 30 November 2011 - Which Way to Pay Today sees public sector workers all over the country participating in a strike over pensions and is said to be the biggest walkout for a generation by unions. Read More >>

Nationwide Says UK House Prices ‘Surprisingly Resilient’ 29 November 2011 - Which Way to Pay According to Nationwide, house prices across the UK have remained ‘surprisingly resilient’ over the past several months, as prices again rose in November. This month the average home increased in value by 0.4% to £165,798 according to the building society. Read More >>

UK Economy to Get Multi-Billion Pound Injection 28 November 2011 - Which Way to Pay The government is set to announce a multi-billion pound investment programme to simulate the British economy. The majority of the money is thought to come from Chinese investment along with the big UK pension funds. Read More >>

£1 Billion Scheme to Reduce Young Jobless Rate 25 November 2011 - Which Way to Pay Nick Clegg has announced a £1 billion scheme to training placements and work subsidiaries to thousands of young people out of work to ‘provide hope’. The youth contract scheme will give employers subsidies worth £2,275 to take on 160,000 18-to 24-year-olds, for six months, over three years. Read More >>

260 Arcadia Stores to be Closed as Profits Dwindle 24 November 2011 - Which Way to Pay Arcadia, the owner of many high street chains, has reported a fall in annual profits of 38%, £133 million. The company also said that it expects to close down around 260 stores over the next few years. Sir Philip Green, CEO of Arcadia, said that the stores would be closed as leases on the properties came up for renewal. Read More >>

Bank of England’s MPC Warns Over rising Threat from the Eurozone 23 November 2011 - Which Way to Pay The Monetary Policy Committee (MPC) of the Bank of England has warned over the rising potential threat of the eurozone debt crisis to the UK. Read More >>

UK Public Borrowing Falls in October 22 November 2011 - Which Way to Pay According to figures released by the Office for National Statistics (ONS), the public sector in the UK net borrowing, not including financial interventions, dropped to £6.5 billion in October. A year earlier, borrowing was up to £7.7 billion, according to the ONS. Read More >>

Government Announces Plans to Tackle Homes Shortage 21 November 2011 - Which Way to Pay The government are to unveil new plans to assist first-time buyers getting onto the property ladder. The plan will allow new buyers to borrow up to 95% of the value of the property, with the government underwriting a portion of the risk. Read More >>

CBI says that Businesses Hold the Key to UK Economy 18 November 2011 - Which Way to Pay The head of the largest employer’s organisation in the UK has warned that the economy in this country is ‘in bad place, with confidence evaporating.’ Director General of the CBI John Cridland did say however that businesses across the UK could get the country out of the current ‘mess’. Read More >>

Government Sells Northern Rock to Virgin Money 17 November 2011 - Which Way to Pay The government has announced that Northern Rock is to be sold to Virgin Money for the sum of £747 million. Northern Rocks was nationalised in 2008 after it nearly collapsed at the start of the global economic crisis. Read More >>

Unemployment Up to 2.62 Million Across the UK 16 November 2011 - Which Way to Pay Throughout the third quarter, unemployment across the UK increased by 129,000, taking total unemployment up to 2.62 million. Youth unemployment alone increased to over a million. Read More >>

UK Inflation Falls to 5% in October 15 November 2011 - Which Way to Pay October saw the rate of Consumer Prices Index (CPI) inflation decrease slightly across the UK to a level of 5%. This is down from the rate of 5.2% seen in September. The fall in inflation rate has been attributed to drops seen in the cost of food, fuel and air transport. Read More >>