Only two out of seventeen high street banks allow people going through bankruptcy to open a basic, no credit bank account, new research has found.
A study by the Citizens Advice Bureau found only the Co-operative and Barclays offer bank accounts to undischarged bankrupts, despite there being no legal reason to deny these people access to [...]
The Bangladeshi anti-poverty banker Muhammad Yunus is to feature in an episode of hit TV cartoon The Simpsons.
Yunus, whose pioneering work on micro-finance earned him the Nobel Peace Prize in 2006, will appear in the TV show as a cartoon version of himself.
The episode will focus on his micro-credit work in Bangladesh, which has helped [...]
The finance ministry has today revealed Japanese exports continued to rise in June, albeit at a slower pace.
Exports grew 27.7% to 5.87 trillion yen in June – the seventh straight monthly rise.
However, not only did the figure fall short of expectations of a 23.1% rise, it was also below May’s increase of 32.1%.
Meanwhile, imports surged [...]
It has emerged that big bonuses are to be awarded to Home Office staff despite the new coalition Government’s public spending cuts.
Speaking before the Commons home affairs committee, Damien Green, Immigration Minister, said the payments to senior officials would total almost £800,000 this year, compared to last year’s bonuses which totalled £1.4 million.
In [...]
The Treasury Select Committee has warned that cutting the deficit too quickly could risk pushing the UK back into recession.
Since coming to power, the new coalition Government has made cutting the deficit its top priority.
However, many leading business groups and former Chancellor, Alistair Darling, all warned that cutting the deficit too quickly could pose a [...]
The Office for National Statistics (ONS) has today revealed public sector borrowing totalled £14.5 billion in June.
While the figure was slightly lower than the £14.7 billion seen in June last year, it surprised economists who expected the figure to be around £13.1 billion.
Overall, Government debt stands at £926.9 billion – the equivalent to 63.9% of [...]