Credit Card Charges Rising

A report today looks at the rise of the credit card charge as a way of increasing profit by certain merchants. According to Which?Money, Visa told them it is unlikely the ‘merchant service fee’ that retailers are charged by their banks charge would be more than double its interchange fee. Typically this is 0.1p for [...]

Spend, Don’t Save Says BoE

Charles Bean, The Bank of England’s deputy governor yesterday suggested that the country should be spending, not saving money. Not aimed at those with debts, he now wants those with cash in the bank to spend their money instead of saving it for the future, in order to prop up British business. This comes as [...]

Saving Money On Glasses

If you are a wearer of spectacles, then replacing them can cost a lot of your hard earned cash. But, did you know there is a cheaper way of getting the same quality frames? If you go to the high street and call into the nearest opticians when you want to replace your eyewear, then [...]

Gold Price High

For the second time this week, the price of gold has hit an all time high. Fueled by the falling value of the dollar, the spot gold price rose to $1,278 at lunch time today, but had dropped back to $1,273.8 by late afternoon. The previous high price for gold was reached on only Tuesday [...]

Inflation Still 3.1%

The UK’s rate of inflation remained at 3.1% for August, still above the Bank of England’s target level. Although the price of petrol did fall, the prices of holidays, clothes and food rose to offset the savings, meaning that the Consumer Price Index remained at 3.1% for the second month in a row, down from [...]

No Interest Rate Changes

For the 18th month, the bank of England has left base rates at 0.5%. With forecasts for a slow economic growth, experts are now predicting that it could be next summer before interest rates can change, however, it is only a month since experts were also predicting massive hikes in the base rate over the [...]



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