The UK faces a potential energy crisis within a decade if more improvements aren’t made to the nation’s existing infrastructure. With Britons becoming more demanding of energy than ever before, large increases in the sources of electricity and gas are needed. Investment has already begun in this essential area, and it looks increasingly likely that…

Another competitor has jumped into the race to provide financial services as Asda launch a new credit card to try and lure customers away not just from supermarket rivals but from traditional high street banks as well. Recent weeks have seen ethical banks and building societies, such as The Co-Operative and Nationwide, gather up plenty…

The Bank of England is going to print another £50billion in yet another round of quantitative easing as part of another effort to try and drag the UK out of its second recession. The Bank of England’s monetary policy committee has decided to add more money to the £325billion that it has already created in…

A new poll has showed that nearly two thirds of bank customers’ no longer British banks to look after their finances. In addition a massive 49 percent of customers believe that the UK’s high street banks are dishonest and 45% think that they are incompetent. The figures are part of the results highlighted in a…

Sir Mervyn King, Governor of the Bank of England has told MPs that he could not rule out further cuts to the UK’s base rate of interest, while outlining possible plans to force British banks to resume lending. During an address to the Treasury Select Committee, Sir Mervyn spoke of the possibility of cutting the…

The Royal Bank of Scotland (RBS) has announced that it will shed 618 jobs across the UK as a direct result of the retail distribution review. The review introduces more stringent rules on the sales of financial products to customers leaving less duties for the staff. The Bank, which is 82% owned by the UK…

The supermarket chain Tesco has announced it will pay to exit its Japanese business interests. The move has come as the chain is suffering from falling sales in the UK. Tesco is reportedly disappointed that they have been forced to pay a rival company to take the business off of their hands. It will sell…