Archive for October, 2011

Energy Prices Rapidly Increasing

Posted in Credit Cards, Utilities on Tuesday, October 18th, 2011 at 11:24 by Jessica Haynes.

The latest round of price increases have driven the average price of electricity up more than 11%, with gas prices increasing recently by more than 17%.

Utility Pricing Help Not Always Best for Consumers

Posted in Utilities on Friday, October 14th, 2011 at 11:39 by Martyn Shaw.

A recent investigation has revealed that six of the largest energy utilities in the UK give inconsistent and even inaccurate answers when consumers call them asking about low-cost options for gas and electricity. The energy companies surveyed included Southern Electric, British Gas and E.ON.

Sainsbury’s Offers Price Match Vouchers

Posted in General, Money Saving on Thursday, October 13th, 2011 at 10:27 by Martyn Shaw.

Now that Tesco and Asda are offering lower prices on name-brand groceries, the Sainsbury’s chain has followed suit, offering vouchers that food customers can use to obtain, in effect, an eventual ‘price match’ that will apply to all name-brand groceries in their basket.

Low Interest Rates Spurs Increases in Mortgage Borrowing

Posted in Mortgages & Property on Wednesday, October 12th, 2011 at 09:36 by Martyn Shaw.

According to the Council of Mortgage Lenders, low interest rates during the month of August caused remortgage borrowing to rise by more than 30% as measured by both the number of remortgages and volume of funds lent, in comparison to the same month one year earlier.

Cash Machine Policies Questioned by UK Government

Posted in Banking on Tuesday, October 11th, 2011 at 10:01 by Jessica Haynes.

The Royal Bank of Scotland as well as Lloyds Banking Group have been challenged by the UK Treasury select committee to justify the policies they have implemented regarding their customers’ usage of the cash machines of rival banks.

BT Announces Faster Broadband Speeds

Posted in Money Saving on Friday, October 7th, 2011 at 11:00 by Jessica Haynes.

Some households with BT broadband internet will soon see their speed allocations jump significantly, with 300 megabits per second speeds becoming standard to those homes whose connections to the network are forged through direct fibre-optic cables. These households are currently eligible for speeds about one-third as fast.

David Cameron Urges Britons to Pay Down Credit Cards

Posted in Credit Cards on Thursday, October 6th, 2011 at 12:22 by Jessica Haynes.

Prime Minister David Cameron spoke at the Conservative Party conference this week, speaking at length about the economic slowdown and its implications for the borrowing and spending patterns of both ordinary Britons and the government itself.

Lloyds and Halifax Pulling Out of Pet Insurance Business

Posted in Insurance on Wednesday, October 5th, 2011 at 13:55 by Martyn Shaw.

Two divisions of the Lloyds Banking group, Halifax and Lloyds TSB, have announced plans to discontinue their pet insurance plans. The move is expected to affect as many as 50,000 owners of household pets and, in some cases, will mean that existing illnesses and injuries may not be covered at all.

Decline in Demand for Mortgages Drives Home Prices Down

Posted in Mortgages & Property on Tuesday, October 4th, 2011 at 11:56 by Jessica Haynes.

Housing prices have fallen for the 15th month in a row. The decline in September was 0.1%, which followed a 0.3% decline in August 2011 as computed by the Land Registry, the most complete compilation of property pricing data in the UK.