Banks

Inflation hike puts further pressures on savers

The latest rise in inflation means that ever more savers will be struggling to retrieve a return on their money.

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Lending charges hamstringing small firms

The cost of loans imposed by banks is hindering the ability of small firms to drive economic recovery, it has been claimed.

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Little improvement in demand for business loans

Loan applications from SMEs are still very subdued, new figures suggest.

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Drop in inflation does little to help savers

News that the Consumer Prices Index rate of inflation dipped back from 4.4 per cent to 4 per cent in March may not bring much relief to the UK’s savers.

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Boost for longer-term savers

Savers who are willing to keep their money in long-term savings accounts are benefiting from improved interest rates.

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Drop in credit requests by small businesses

Loan applications from smaller firms showed a decline in the first three months of the year.

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Questions still to be answered on bank lending

The commitment by the major banks, announced as part of the Project Merlin deal struck with the Government, to increase lending to smaller firms has been broadly welcomed, but questions remain, insist small business organisations.

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Bank levy to rise ahead of the Budget

The Chancellor, George Osborne has said that the levy charged on bank profits is to rise by an extra £800 million this year.

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Banks still resist small firm lending

Small businesses are continuing to experience difficulties in accessing finance, according to the Bank of England.

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Small business bank loan deal hits stumbling block

Efforts by the Government to come to an agreement with the major banks on lending to small firms have reached a temporary impasse.

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