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Business news

Judgment gives OFT authority to regulate on bank charges

The freedom of banks to charge heavy fees on unauthorised overdrafts could soon be at an end after the High Court ruled that the Office of Fair Trading (OFT) has jurisdiction to investigate the charges

Bonus rates fall again for employee share schemes

The Treasury has announced another reduction in the bonus rates for the Save As You Earn (SAYE) sharesave scheme.

Default cap could be hampering government lending scheme

The imposition of a cap on the number of defaults could be affecting the success and availability of a government loan guarantee scheme set up to help small businesses.

Better savings rates around the corner

It has been predicted that savers could soon be seeing much improved rates of interest.

Savers taking money out of accounts

Almost £2.3 billion were withdrawn from savings accounts in January, new figures have shown.

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