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Lloyds announced yesterday that all 164 branches of Cheltenham and Gloucester, the mortgage and savings division of the group will close.

The group has confirmed that C and G customers will to be able to manage their accounts at any of Lloyds TSB’s branches in addition to telephone and postal

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One of the positive parts of the UK 2009 Budget was the increase in the Individual Savings Accounts allowances (isa's).

The limit has increased from £7200 to £10,200. Up to half of the allowance can be invested into cash isa's.

The new limit comes into effect from the 6th October for the over

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Savers experience the lowest savings rates in more than 100 years

The Bank of England’s monetary policy committee cut its key rate by half a percentage point to 0.5 per cent on 5 March 2009 and unveiled a programme under which it will buy up to £150bn in government gilts and corporate

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The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 0.5%.

In addition to the latest cut in interest rates they have also agreed to undertake a programme of asset purchases of £75 billion

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The recent dramatic cut in interest rates has left many savers out in the cold. However businesses seem to be getting a very raw deal from banks at the present time.

Not only are business owners finding it hard to get credit to help with cash flow, but they are also getting a miserly return

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Most of us feel the Government take more than their fair share of tax , however how many of us actually make use of all the tax breaks available to us.

Tax advantageous investments such as individual savings accounts (isa’s) allow each eligible person to invest up to £7,200 each tax year. As

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Many leading fund managers in the UK are concerned that one or more of the major banks in Britain would have difficulty proving their solvencyif they were required to value their assets at today’s values.

The Treasury has financed a £50 billion Bank of England fund to buy up corporate assets,

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The Bank of England has announced cut interest rates by 0.5%, setting another record low for the Bank base rate.

Continued signs of recession in the UK were the main factor why the Bank's Monetary Policy Committee has reduced rates to 1%. The follows from the decision to reduce rates last month

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Pensioners could possibly get help in this year’s budget.The chancellor, Alastair Darling has indicated that the Government should consider ways to boost the incomes of pensioners. The comment was made in response to the recent fall of interest rates.

With the Bank of England having cut rates

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February already is a month to remember, with snow, wildcat strikes and to top it all the worst recession in decades.

Interest rates are at an all time low, reflecting the current poor economic conditions.

Whilst the interest rate reductions will benefit borrowers, it is little comfort for

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The Post Office has recently announced to over 500,000 savers that their cash will not be protectedunder the UK Financial Services Compensation Scheme.

Post office Savings accounts (excluding National Savings products) are underwritten by the Bank of Ireland and Anglo Irish Bank. The move by the

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