February 2013 - Charterbridge

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Monthly Archives: February 2013

Savers face hit in plan for negative interest rate

Savers face hit in plan for negative interest rate Savers cut to be hit by negative interest rates under radical plans by the Bank of England to kick-start the economy. Paul Tucker, Deputy Governor of the Bank, claimed that it would help to solve the credit crisis by encouraging high street banks to lend money […]

MasterCard and Visa push mobile payments system

MasterCard and Visa push mobile payments systems MasterCard and Visa yesterday both unveiled new plans for rival mobile payment services. MasterCard revealed its “MasterPass” virtual wallet system, which will allow customers to pay for goods by scanning the barcodes in-store on their smartphones or tablets, instead of queuing at checkouts. eanwhile, Visa announced a new […]

How to turn your income tax into green energy

Did you know that by a simple system of ‘leapfrogging’ and investing in a capital preservation, Government supported (EIS), Enterprise Investment Scheme you could mitigate your income tax whilst supporting small British ‘green’ businesses at the same time? We’ve been helping clients to mitigate their tax liabilities by looking closer at their personal circumstances, risk […]

Fifth of British public are failing to save any money

Fifth of British public are failing to save any money One in five people have no savings, according to a Scottish Widows report. Scottish Widows’ annual Savings and Investment Report shows that almost 15mn people in the UK are not making any efforts to save for the future, while 8mn have no savings at all. […]

Weekend economic news round up

Popularity of company pensions at 15-year low The number of Britons who are members of workplace pension schemes slumped to its lowest level since 1997 last year, according to research released yesterday by the Office for National Statistics. The Times, p. 42 Also appeared in : The Times, p.55, Daily Express, p.4, Daily Express, p.16, […]

Yorkshire says Bank’s move is hitting savers

Yorkshire says Bank’s move is hitting savers Chris Pilling, the head of the Yorkshire Building Society has warned that savers are being hurt by the Bank of England’s attempt to boost mortgage lending. The Bank announced plans to launch the Funding for Lending Scheme to provide banks with cheap state-backed funding on about £80 billion […]

Don’t trip up when your bonus drops

Don’t trip up when your bonus drops New figures show that banks are keeping savers on their toes by tinkering with savings rates 32 times a week. No fewer than 223 changes have been made to savings accounts since the turn of the year, according to data firm Moneyfacts. These include chopping or boosting rates, […]