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Brits’ saving habits a mixed bag

Brits’ saving habits a mixed bag
British savers are putting more away each month, but the number saving nothing at all is rising, according to new ‘Snapshot' research from Abbey Savings. The research reveals that the average amount saved monthly has increased 26% since January, with savers now putting aside an average £206 each month. This compares with £163 ...
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Woolwich reduces mortgage rates

Woolwich reduces mortgage rates
Woolwich, the mortgage arm of Barclays bank, has announced that it will reduce the rates on some of its most popular mortgages tomorrow. The move marks the second round of mortgage rate reductions from Woolwich in the last month. The new range includes a one-year tracker mortgage at 1.98% (calculated as Barclays base ...
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Borrowers opt for variable rates

Borrowers opt for variable rates
Fixed rate mortgages are becoming less popular, with more and more people attracted to tracker and discounted rate deals, according to the latest search figures from moneysupermarket.com. The number of searches for fixed rate products dropped on the back of successive cuts in the Bank of England Base Rate at the end of ...
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Today’s seven year olds plan for lucrative futures

Today’s seven year olds plan for lucrative futures
A survey conducted by the Post Office has revealed that many seven year olds have quite definite ideas about their financial success in the future. When questioned on their career plans, participants in the Post Office put being a vet at the top of the poll (12%), closely followed by teaching (10%), However, some seven year olds are aspiring to more glittering careers with 8% hoping ...
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Millions of broadband customers don’t know their limits

Millions of broadband customers don’t know their limits
Despite calls for greater clarity and transparency in the broadband market, 6.7 million broadband users could still be exceeding limits set on ‘unlimited' broadband packages, according to new research from uSwitch.com. The research found that 8.1 million broadband customers (47%) do not know their download limit and could be at risk of exceeding ...
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House hunter numbers dip

House hunter numbers dip
The number of house hunters registered with estate agents decreased from 292 in July to 238 in August, according to the latest figures from the National Association of Estate Agents (NAEA). The report reveals that the number of sales agreed per branch decreased from an average of nine (8.6) in July to eight (7.6) in ...
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OECD calls on governments to invest in young children

OECD calls on governments to invest in young children
Governments should invest more money on children in the first six years of their lives to reduce social inequality and help all children, especially the most vulnerable, have happier lives, according to the OECD's report on child well-being in its 30 member countries, including the UK. The report, Doing Better for Children, compares public spending ...
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Teenager becomes youngest round the world sailor

Teenager becomes youngest round the world sailor
Mike Perham has broken the record for the youngest person to sail solo around the world. Mike’s 50ft yacht, TotallyMoney.com, crossed the finish line off the Cornish coast marking the end of his epic 30,000 mile, 9 month voyage at 09:47:30am.  Mike, at 17, is two months younger than American Zac Sutherland who ...
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Holidaymakers warned not to forget health insurance

Holidaymakers warned not to forget health insurance
Research from moneysupermarket.com has revealed that more than half of Brits (51%) are unaware of the benefits of holding a European Health Insurance Card (EHIC) when vacationing in Europe. The study found that 43% of Brits are still of the belief that the now defunct E111 will cover them for the cost of medical treatment within ...
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£6,500 a fling for philandering fat cat

£6,500 a fling for philandering fat cat
Robert and Elizabeth Charlton lived a charmed life. The millionaire Leicester businessman regularly lavished his wife with expensive jewellery, but far from being tokens of his affection, the diamond gifts were tokens of his guilt. Until his death in 1974, Mr. Charlton would present his wife with an item of expensive jewellery each time he indulged ...
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