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Small firms still struggling to secure lending

Small businesses are continuing to find it difficult to borrow money.

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Savings accounts face 'obsolescence'

The twin pressures of stubbornly high inflation and low interest rates could render savings accounts obsolete, it has been warned.

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VAT rise likely to fuel inflation

The decision to raise the standard rate of VAT from 17.5 per cent to 20 per cent next year will be a significant driver behind a stubborn rate of inflation, the Bank of England has said.

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Savers not being told about interest rate changes

Many banks and building societies are failing to keep savers properly informed about changes to the interest rates on their accounts, comsumer group Which? has claimed.

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Banks to investigate small business lending

It has been proposed that UK banks will carry out a study of the levels of lending to smaller firms in an effort to improve business credit.

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New guidelines to speed up ISA transfers

Savers with cash ISAs should see an improvement in the length of time it takes to switch accounts from one provider to another.

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Emergency Budget 2010: tough measures for tough times

Not for a political generation or two has a Budget generated such intense interest. Pre-announcements by the Coalition Government had prepared everyone for large-scale changes to the tax system and for deep public spending cuts.

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Emergency Budget 2010: Speech begins

The Chancellor, George Osborne has risen to his feet in the House of Commons at 12.30 pm and has embarked on what is regarded as one of the most important and far-reaching Budget speeches in a generation.

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Action promised on business lending

In his first major speech as Business Secretary, Vince Cable committed the government to taking a tougher line on parts of the banking system that have “not served enterprise in this country as well as they could”.

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