Tag: BBC

BBC documentary reveals payday loan concerns

BBC documentary reveals payday loan concerns

A documentary by the BBC, to be screened tonight, claims that payday loan company Provident Financial has made multiple loans to a vulnerable woman diagnosed with mental health problems. The Panorama documentary, Debt on the Doorstep, claims that Provident Financial loaned thousands of pounds to the woman, who has been diagnosed with schizophrenia. During the […]

October 1, 2012 More
NBNK to bid for Lloyds branches

NBNK to bid for Lloyds branches

According to the BBC, financial institution NBNK is to submit a second bid for the 600+ branches which Lloyds Banking Group is putting up for sale. It is understood the branches could fetch around A?1.5 billion, according to sources close to the matter. Lloyds is selling the branches under the orders of the European Commission […]

September 28, 2011 More
Challenging times ahead warns policymaker

Challenging times ahead warns policymaker

Spencer Dale, one of the Bank of Englanda��s Monetary Policy Committee (MPC) members, has warned that rising inflation is a a�?significant riska�? to the UK economy. Mr Dale, who is the Bank of England’s chief economist, said the UK can expect some tough times ahead over the next few years and said he is a�?not […]

May 30, 2011 More
Survey reveals take-home pay down A?1,000

Survey reveals take-home pay down A?1,000

According to a survey commissioned by BBC One’s Panorama programme, employees are A?1,088 a year worse off than they were two years ago as take-home pay fails to keep in line with inflation. At the start of this year, the typical British worker earned A?20,149 – a drop of 5% from what they were earning […]

March 28, 2011 More
Osborne aims to provide “prosperity for all”

Osborne aims to provide “prosperity for all”

As the emergency budget approaches, Chancellor George Osborne has told the BBC that the massive spending cuts will save Britain from the problems which debt-stricken Greece faces. Speaking to the BBC’s Andrew Marr Show, Mr Osborne said: “Unless we take determined and concerted action, we will find our country on the road to ruin”. Cutting […]

June 20, 2010 More
RBS CEO decides to waive A?1.6m bonus

RBS CEO decides to waive A?1.6m bonus

Royal Bank of Scotland (RBS) chief executive, Stephen Hester, has decided not to take his A?1.6 million bonus, according to the BBC. The decision by the 49-year-old comes just a week after Barclays chief executive John Varley and president Bob Diamond both agreed to sacrifice bonuses for the second year in a row, in light […]

Job losses at Cadburys after Kraft takeover

Job losses at Cadburys after Kraft takeover

According to the BBC, there will be job losses at Cadbury after it agreed to an A?11.7 billion takeover by US food giant Kraft. The news of the takeover came after Kraft has already made offers for the 186-year-old British company but they were rejected by Cadburya��s board. Cadbury’s board is supporting the latest bid […]

Over 1,000 jobs at risk at Vauxhall

Over 1,000 jobs at risk at Vauxhall

It has been reported that around 1,100 Vauxhall jobs could go as a result of Canadian parts maker Magna’s restructuring of Opel. While full details have not yet emerged, there is speculation that the Luton plant will be worst hit but jobs will also go at Ellesmere Port. Vauxhall has around 5,500 workers at the […]

Pensions Regulator warns of rising retirement age

Pensions Regulator warns of rising retirement age

David Norgrove, chairman of the Pensions Regulator, has told the BBC that he believes the retirement age could exceed 68 years of age. Currently, the state pension age is 60 for women and 65 for men, this is set to rise to 68 and there are no plans to raise that, according to Pensions Minister, […]

May sees biggest ever quarterly rise in unemployment

May sees biggest ever quarterly rise in unemployment

The Office for National Statistics has today revealed that UK unemployment rose by 281,000 in the three months to May – the biggest quarterly rise on record. Unemployment in the UK has now reached 2.38 million – the highest since 1995, while the unemployment rate is up to 7.6% – the highest in over a […]

UK unemployment expected to hit 2.3m

UK unemployment expected to hit 2.3m

Last month, the Office for National Statistics (ONS) revealed that UK unemployment had reached 2.26 million – the highest level since November 1996, while the unemployment rate rose to 7.2% – the highest since July 1997. The ONS is set to reveal official figures later today that could show the total number of people out […]

Former MPC member warns of rising unemployment and a�?false dawnsa�?

Former MPC member warns of rising unemployment and a�?false dawnsa�?

David Blanchflower, the former member of the Bank of Englanda��s Monetary Policy Committee (MPC), has warned that the latest green shoots in the economy are “tentative” and that unemployment in the UK will continue to rise. Mr Blanchflower has been speaking to the BBC after his three-year term as MPC member came to an end […]

Survey reveals half of Brits not saving for retirement

Survey reveals half of Brits not saving for retirement

A survey commissioned by the BBC has revealed that saving for a pension is not a top priority for many UK adults. The report revealed that half of adults in the UK aged between 20 and 60 are not putting anything towards a pension with the situation being worst for those under the age of […]

Scottish homeowners remain victims of aggressive lenders

Scottish homeowners remain victims of aggressive lenders

A BBC Scotland investigation has suggested that Scottish homeowners struggling with mortgage arrears are more likely to be repossessed than their English and Welsh counterparts. A programme screened on BBC One Scotland yesterday compared the legal measures available to prevent repossession in Scotland with those covering the rest of the UK. The programme makers claimed […]

Two banking giants were on verge of collapse, reveals BBCa��s Panorama

Two banking giants were on verge of collapse, reveals BBCa��s Panorama

According to the BBCa��s Panorama programme, The Year Britaina��s Bubble Burst, screened last night, HBOS and RBS were on the brink of collapse in early October. The programme unveiled that the banks were finding it difficult obtaining short-term funding. It is believed that the banks would have collapsed without the funding and were forced to […]

Britons prefer fall to rise in house prices

Britons prefer fall to rise in house prices

A recent survey conducted for the BBC’s “Truth About Property” programme has found that more Britons want house prices to fall than to rise. The survey was undertaken by ICM and involved 1,005 respondents. Its findings challenge the widely held assumption that house price falls are overwhelmingly unpopular. Of those questioned, 28% were happy to […]