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| THE BANK OF ENGLAND BASE RATE IS CURRENTLY SET AT 0.50 % |
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Financial Services Compensation Scheme (FSCS) pays out £0.25bn to Icesave customers - 17th Nov 2008
UK customers of Icesave are starting to get their money back after the Financial Services Compensation Scheme (FSCS) began making payments last week. By the end of Friday 14 November 2008, FSCS had initiated payments to the value of £0.25bn to UK Icesave customers.
Icesave customers to get their compensation within next five days - 13th Nov 2008
UK retail customers of the Icelandic bank Icesave, which was part of the Landsbanki, have received the second e mail to initiate the transfer of the money into their linked bank accounts.
The e mail asks the customers to log into their Icesave account, and then initiate the transfer. Customers with the fixed rate accounts have the option to keep the money where it is and wait for the fixed period to end. Once initiated, it will take five working days for the money to reach the nominated bank account.
Sunday’s lighter note - 9th Nov 2008
As the newspapers and TV are full of speculations about what kind of dog the new US president-elect Obama will get for his daughters, the events at Whitehouse might have helped him which breed to chose.
ASDA recalls DVD players amid fears that consumers could be electrocuted - 7th Nov 2008
ASDA, part of Wall Mart has recalled 60,000 DVD players that have a design fault, which could put consumers at the risk of being electrocuted.
Monetary Policy Committee cuts the UK base rate - 6th Nov 2008
Monetary Policy Committee (MPC) announced a 1.5 percent cut in the UK interest rate, bringing it down to 3 percent.
Redundancy and Compromise Agreements - 5th Nov 2008
In these difficulty times it is no surprise that redundancies are on the rise. If you are facing redundancy, you will be entitled to a statutory redundancy payment provided you have been employed for more than 2 years by your current Employer.
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