Banking

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Bulbs, Bubbles and Bitcoin

By | 2017-12-04T10:47:25+00:00 December 4th, 2017|Banking, Personal Finance|

Author Mark Richards Bitcoin has just passed $11,000 following a spectacular rise since the beginning of August. We now have our first ‘Bitcoin billionaires.’ But is it just a ‘bubble,’ destined to burst and lose a lot of people a lot of money? Or is Bitcoin here to stay? At the beginning of August, we [...]

Hole in the Wall? Or Hole in the High Street?

By | 2017-12-01T10:02:59+00:00 December 1st, 2017|Banking, Technology|

Author Mark Richards The world’s first ‘hole in the wall’ – or more correctly Automatic Teller Machine – was installed in the Enfield branch of Barclays Bank in June 1967 – so the hole in the wall turned 50 this year. But with an American company now claiming that an interactive ATM can replace 80% [...]

Has HMRC really saved an extra £160billion since 2010?

By | 2017-11-16T10:05:42+00:00 November 16th, 2017|Banking, Personal Finance|

Author Mark Fairlie On November 1st, 2017, UK Prime Minister Theresa May stated during Prime Minister’s Questions that HMRC had “secured almost £160 billion in additional compliance revenues since 2010.” The statement was made in response to Labour’s suggestion that the government was not doing enough to combat money laundering. But where does the figure [...]

Number of free-to-use cash machines could be cut

By | 2017-10-31T14:52:33+00:00 October 31st, 2017|Banking, Personal Finance|

Author Lauren Howells Proposals put forward by the board of Link could mean that the future of hundreds of free-to-use cash machines could be under threat, the Guardian reported this week. Link network could reportedly be overhauled The network of 70,000 Link ATMs, 55,000 of which are free-to-use, could reportedly be overhauled, following a dispute [...]

Will interest rates rise? The pros and the cons

By | 2017-10-26T09:38:49+00:00 October 26th, 2017|Banking, Economy|

Author Mark Fairlie Last month, Britain’s, money lenders and analysists demonstrated once again the existence of a wide divergence of viewpoints on BoE hints that they would begin raising interest rates. In a recent interview, Bank of England Governor Mark Carney told BBC Radio 4 that the possibility of a rate hike in the coming [...]

The £1 coin retailer rebellion

By | 2017-10-10T08:41:59+00:00 October 10th, 2017|Banking, Personal Finance|

Author Mark Fairlie On Sunday, October 15th, the current circular version of the £1 coin ceases to be legal tender meaning that you can no longer use them when you’re buying something in the shops. However, the Federation of Small Businesses (FSB), the UK trading body representing over 170,000 UK companies has urged its members [...]

UK credit rating downgraded as a result of Brexit fears

By | 2017-09-25T09:55:35+00:00 September 25th, 2017|Banking|

Author Ben Leonard One of the top credit ratings agency, Moody’s, has downgraded the UK’s credit rating in the wake of Brexit fears. Back in July, Moody’s announced that they were considering reducing the UK’s credit rating score, and it now looks like they have followed through with their suggestions. A rating downgrade can affect [...]