Money News

May 2008

• OFT wins bank charges test case

  08.05.2008

  But the battle may be just beginning
• Increase in current account fees by banks

  08.05.2008

  Banks try to boost profits before OFT bank charges cap
• Bank rate kept at 5%

  08.05.2008

  Monetary Policy Committee (MPC) holds UK interest rates this month
• £120 for basic rate taxpayers

  15.05.2008

  80% will be fully compensated for 2008 tax losses
• First-time buyer 'rescue plan'

  15.05.2008

  Government's shared ownership scheme for first-time buyers earning under £60,000
• Abbey cuts some mortgage rates

  16.05.2008

  Abbey is the second of the big lenders to reduce some of its mortgage rates
• Property sales to decrease by 40%

  19.05.2008

  Surveyors warn of house sale slowdown for 2008
• Crackdown on fraudulent applications

  19.05.2008

  Credit crunch causing more people to lie on insurance and credit applications
• First Direct brings back mortgages

  20.05.2008

  New mortgage customers now being accepted by First Direct
• C&G replaces all mortgages

  20.05.2008

  One of Britain?s largest mortgage lender suddenly pulls all mortgages
• Half of us slack with bank security

  21.05.2008

  Which? says one in two people fail to protect themselves from bank fraud
• House prices to fall by 7% say CML

  21.05.2008

  CML predict a 7% drop in house prices in 2008
• Banks to appeal ruling on charges

  22.05.2008

  Britain?s biggest banks will seek permission to appeal charges judgement
• Banks allowed to appeal charges judgement

  22.05.2008

  BBC report judge gives banks permission to appeal test case ruling
• Britons saving more in 2008

  23.05.2008

  2008 sees Britons saving more and raiding less
• Faster payments scheme begins today

  27.05.2008

  APACs launches scheme for faster bank transfers
• Savings double in April to record levels

  28.05.2008

  BBA figures show savings boomed in April
• Abbey to increase mortgage rates

  28.05.2008

  Lender reverses last week?s rate cuts
• UK house prices fall at record rates

  29.05.2008

  Nationwide says house prices have seen largest monthly drop since 1991

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