- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
December set to be 'peak month for cash withdrawals'
Wed 19 Dec 2007 4pm
This month is set to break records for the amount of money withdrawn from UK cash machines, a new report suggests.According to Sainsbury's Bank, a total of £10.79 billion will be taken out of the nation's ATMs during December, with 7.59 million cash machine transactions occurring each day of the Christmas month.
Breaking the £10 billion barrier for the first time ever, this month's withdrawals will see £348.06 million accessed by ATM users on a daily basis, the bank estimates.
Head of ATMs at Sainsbury's Bank Alex Blake commented: "People are more reliant on ATMs than ever before and the peak time for cash withdrawals is December.
"This helps explain why there has been a 29 per cent increase in the number of ATMs between December 2003 and June 2007."
A separate study by Sainsbury's Bank recently stated that UK shoppers will spend a total of £11.85 billion in the last week before Christmas.
