Despite the economic gloom, it will be Christmas as usual for most people this year, with a predicted spend of over £500 per adult – an expense that will leave many suffering a painful financial hangover well into the New Year.
The Government-funded Money Advice Service (MAS) came under renewed scrutiny this week as it admitted generating less than 284,000 financial action plans for website visitors in six months, against a full year target of one million.
Nervous savers have been pouring money into National Savings & Investments (NS&I) as economic turmoil and financial scandals have damaged consumer confidence in the high-street banks and building societies.
Royal Bank of Scotland shareholders who believe they were misled over the bank's notorious 2008 rights issue have just a few more days to join the action group which, unlike many such groups, is promising action.
The financial regulator will have to exercise strong supervision over banks and building societies to ensure that 'mortgage prisoners' are offered the same choice of deals available to other customers, the Financial Services Consumer Panel has said.
DAVID Cameron's promise to force energy suppliers to offer all customers their lowest tariff was greeted with scepticism this week, amid worries that such legislation will be either unworkable or will stifle competition in the market.
We were given a helping hand by a trio of the stock market's most influential players last week as the weight of successive warnings on the global economy from the World Bank and the IMF hit the market.
VENERABLE Edinburgh investment house Baillie Gifford has as many representatives in The Herald's monthly table of top-performing asset managers working for Scottish houses as its nearest three rivals put together, after the latest figures for the three years to August 31 were tallied by financial publisher Citywire.