Personal Finance News

UK holidaymakers plan to take around £836 million more in spending money than this time last year

As the summer holiday season heats up, new research from Sainsbury’s Bank Travel Money (www.sainsburysbank.co.uk/travel/money)  reveals people plan to take around £836 million more in spending money – or £34 per holidaymaker – than this time last year. The reason for this is to offset the fall in Sterling’s value against popular holiday currencies. The pound is […]

Check your car insurance before driving abroad, urges M&S Bank

M&S Bank is urging holidaymakers to check their car insurance policy before hitting the roads this summer as research reveals that nearly a quarter (23 per cent) of those planning to drive their car in mainland Europe believe they either aren’t, or don’t know if they are, insured to drive in the EU. When it […]

Late payments costing smaller UK businesses more than £2bn a year

The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct Credit in the UK. That’s in spite of a dramatic drop in the overall late payment debt, with new figures showing that UK small […]

Holidaymakers splash £28 billion each year on pre-getaway purchases

As Brits count down the days until their summer holiday begins, a new study by American Express has revealed that holidaymakers are likely to spend an average of £273 before they have even left their front door, stocking up on holiday items ranging from goggles and gadgets to games. As a nation, Britons take an average […]

New overdraft tariff announced for Lloyds’s Bank and Halifax customers

Lloyds Banking Group has announced that it is revamping the overdraft charges for customers of Halifax, Bank of Scotland and Lloyds Bank with effect from November this year. The banking giant has decided to ditch the £6 monthly overdraft charge for Lloyds Bank and Bank of Scotland customers and will no longer charge unauthorised overdraft […]

Four out of 10 UK holidaymakers have had possessions go missing on holiday

Four out of 10 UK holidaymakers have lost, or had stolen, an item of value while on holiday, a study from Aviva insurance reveals. A survey of 2,000 UK adults who have taken a break in the last two years found that 18% had lost an important personal possession while on holiday, while 17% had […]