Consumer price inflation increased to a 12-month rate of 0.6% in June, up from 0.5% in May, according to the latest Consumer Prices Index (CPI) from the Office for National Statistics (ONS)
The value of UK credit card transactions dropped to £8.7bn in April, half the value compared to April 2019, new UK Finance data has revealed.
The banking body stated that in the first full month of lockdown measures, the number of credit card transactions by UK cardholders also saw a sharp fall of 45.9% to 163 million, the lowest level in over nine years
The number of mortgage approvals for house purchase slumped to 9,300 in May, almost 90% below February’s level and around a third of their trough during the financial crisis in 2008, new Bank of England (BoE) data has revealed
Seventy-six per cent of all ISAs subscribed to during the year up to April 2019 were cash ISAs, a figure up from 70% a year earlier, new data published by HMRC has revealed
There were 1,023,000 interest-only homeowner mortgages outstanding at the end of 2019, a figure 8.9% fewer than in 2018, new data published by UK Finance has revealed
Castle Trust has announced it is rebranding and will now operate as ‘Castle Trust Bank’ following the receipt of a full banking licence and the conversion of all its existing investments into savings accounts
SunLife has reported an increase in the number of homeowners looking to release equity from their homes to help younger generations whose finances have been affected during the UK lockdown
UK Finance has confirmed its support for commercial landlord customers as part of the wider banking industry’s ongoing commitment to help business customers through the coronavirus pandemic