Ministers consider broadband for all

According to recent reports government ministers are now looking into broadband for all home amidst concerns over the disadvantages suffered by unconnected homes. Many officials have been expressing concern over the educational and other disadvantages that are being suffered by households where there is no broadband connection, and as a result of these concerns ministers are now said to be looking at the prospect of connecting all homes to broadband. Read more

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Finding the right bank account for your needs

For many people a bank account is just a bank account – somewhere to pay their salary in each month and from which to withdraw cash or write cheques. However, these days the world of banking is more competitive than ever and many of the popular banks now offer a choice of accounts and a range of perks and conveniences. In order to ensure that you get a bank account that will not only suit your needs but will make life easier and more convenient, there are a number of things to look out for. Read more

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Are premium bank accounts worth the cost?

Banking in the UK has come a long way over the years, and these days consumers in the UK can enjoy a choice of bank accounts offering a range of perks. In the past the average consumer had a standard bank account and very little in the way of benefits of perks. However, most consumers in the UK can now select from a choice of bank accounts from both the high street and from Internet banks. Read more

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Credit card restrictions could increase debt for consumers

Credit card restrictions could lead to consumers taking on more expensive debt, one financial expert has claimed.

Moneywise magazine has said that consumers could be more likely to use their overdraft facility if credit cards are restricted, which could incur bank charges which would be a more expensive short term debt.

Rachel Lacey, editor of the magazine, said that credit conditions are going to be tight for the rest of the year.

“I think whether you’re a new borrower seeking a fresh sort of credit, like a new loan or a credit card, it’s going to be hard,” she continued.

The magazine also said that stricter lending criteria could come as “a bit of a shock” to a consumer culture accustomed to the idea of ’spend now, pay later’.

According to findings from uSwitch, the price comparison and switching website, almost one in four UK adults are finding debts unmanageable.

Up to 9.5 million have maxed out on one form of credit in the last six months and 38 per cent have had a credit card application rejected.

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