The Thrifty Scot » News BankingWelcome to The Thrifty Scot financial help site. Look through our credit cards, loans mortgages, savings and insurance sectionsDarling frank about state of economy- (Found September 18, 2008 ) In a recent interview the Chancellor of the Exchequer Alistair Darling was completely frank about the state of the economy in the UK, stating that the nation was facing its worst economic downturn in sixty years. Darling said that the downturn was likely to be more 'profound and long lasting' ...http://www.thriftyscot.co.uk/092008/darling-frank-about-state-of-economy.html Bank of England Holds Interest Rate At 5.0%- (Found September 18, 2008 ) The Bank of England today held interest rates at 5.0% despite pressure for a rate cut from businesses. The monetary policy committee (MPC) voted for interest rates to stay the same even though there are alarming indications that the UK is heading for a recession and suffering rising costs of inflation. Many ...http://www.thriftyscot.co.uk/092008/bank-of-england-holds-interest-rate-at-500.html Sterling weakens against the dollar- (Found September 18, 2008 ) Holidaymakers heading to the United States could face disappointment, as the pound has continued to weaken against the dollar, having slipped to around $1.85. Just weeks ago consumers could get close to $2 for every pound, but gloomy assessments of the UK economy have resulted in the pound continuing to ...http://www.thriftyscot.co.uk/092008/sterling-weakens-against-the-dollar.html Cost of average family holiday up by hundreds- (Found September 18, 2008 ) With the economic gloom and the financial climate in the state that it is in most people are ready to get away and take a break from the stresses of everyday life. However, a recent report has shown that it is not just living costs and bills that have put strain ...http://www.thriftyscot.co.uk/092008/cost-of-average-family-holiday-up-by-hundreds.html Foreign banks back on top of the savings tables- (Found September 18, 2008 ) Over the past year or two foreign banks have stormed the UK financial sector by introducing a number of savings accounts available to UK savers, which have paid impressive rates on interest, enabling consumers to get more for their money. As a result of these high rates the foreign banks have ...http://www.thriftyscot.co.uk/092008/foreign-banks-back-on-top-of-the-savings-tables.html King warned inflation to go higher- (Found September 18, 2008 ) Over recent months the rate of inflation in the UK has spiralled out of control, soaring far higher than the government's target of 2% and more recently soaring to a record high of 4.4% for July. Whilst this is worrying for many the governor of the Bank of England, Mervyn King, ...http://www.thriftyscot.co.uk/092008/king-warned-inflation-to-go-higher.html Many turn to savings for financial support in difficult times- (Found September 18, 2008 ) Many consumers and households have seen their finances become more and more difficult to manage over recent months as rising living costs, higher bills, and the effects of the global credit crunch have all taken their toll on budgets, putting our finances under real strain. A recent report has shown ...http://www.thriftyscot.co.uk/092008/many-turn-to-savings-for-financial-support-in-difficul... 1 billion worth of help announced over energy bills- (Found September 18, 2008 ) With soaring energy usage prices making the energy crisis increasingly worse for the UK's households the Prime Minister, Gordon Brown, has recently announced a measure that will see 1 billion spent on helping the poor and vulnerable to cope with rising energy costs and cut down on their energy bills. The ...http://www.thriftyscot.co.uk/092008/1-billion-worth-of-help-announced-over-energy-bills.ht... BCC states that interest rates must fall- (Found September 18, 2008 ) Officials from the British Chambers of Commerce have stated that interest rates in the UK need to fall in order to help deal with the prospect of recession. Recently a number of industry groups have said that the UK is now likely to slide into recession by the end of ...http://www.thriftyscot.co.uk/092008/bcc-states-that-interest-rates-must-fall.html Interest rates stuck at 5% for August- (Found September 18, 2008 ) The base rate has been left at 5% for August, with the Bank of England announcing that there will be no change for the month following last week's Monetary Policy Committee meeting, where members once again battled to weigh up the risks of the slowing economy with the risks of ...http://www.thriftyscot.co.uk/082008/interest-rates-stuck-at-5-for-august.html |