bridgefinancialloans.com

Archive for June, 2010

It has been reported that Music festivals that do not accept cash payments are heading for the UK next summer.
Revellers attending some UK festivals next summer will be asked to pay electronically for items such as food, drink and t-shirts.
Such payments will be made by using special wristbands which will also double as your entry ticket. The wristbands can be pre-loaded with money before the event.
Barclaycard, which sponsors the Wireless Festival, has said that it hopes next years concert will be cash free.
However, the BBC has stated that none of the festival promoters they contacted would confirm that these devices will be used.

Shoppers could soon breathe a sigh of relief if banks stop the high fee they charge retailers for purchases made with Credit/debit Cards.
It’s reported that it costs high street retailers 2.1p when their customers cash whereas a Debit Card transaction costs 8.5p and a Credit Card 34p.
The Government has promised a shake up of these charges with retailers demanding a fairer system.
If Debit/Credit card charges were as low as the fee for cash transactions, shops could save up to £480m, which in turn could be passed on to consumers through lower shop prices.

I received a email recently from Martin Lewis’ Money Saving Expert website informing me of some more ways to help me save money. One thing I did notice was that Current Account Holders at the bank Santander, can benefit from flexible cash ISA’s paying 3.2%, and which guarantees to be 2.7% above the base rate for the first year. But, this is only available to their Current Account holders who will have to go into their branch to get one.
Although this is the top rate at the moment, it will more than likely drop after the first year.

It’s been reported this week that the inflation on house price’s is back in double figures according to government figures.
The Department for Communities and Local Government (DCLG) has generally reported that prices in the month of April were 10.1% higher than they were at the same time last year.
This is apparently the biggest turn in inflation since October 2007 when house prices were on a downward trend.
Annual house price growth was 10.9% in England, 2.2% in Scotland and 11.3% in Wales.
However, on average house prices in Northern Ireland fell by 8.9%.
Whilst this is the trend in prices mortgage lending has been very modest in the past year.

The BBC News Channel gladly reported today that the United Kingdom’s Inflation fell faster than expected in the month of May.  The fall was apparently helped by lower food prices and slower rises in the prices of petrol and alcohol.
The Consumer Price Index (CPI) dropped to 3.4% from 3.7% in April according to the Office for National Statistics.
Howard Archer, an analyst at IHS Global Insight, said: “May’s retreat in CPI will be of some relief to the Bank of England and boosts its case that inflation will head down significantly over the coming months.”
The CPI fall also eases pressure on the need to raise interest rates.