The banks of United Kingdom will shut their retail financial services to their customers. This decision has been taken by the Barclays Plc, as they face higher cost for providing these services to their customers. These reports are claimed by the Financial Times.
 
This will be the end of going to the bank for financial help. The banks will end their retail financial advice services from the next week. All the high street banks are likely to follow Barclays Bank.
 

A recent research has found that one fifth of the Britons keep their partners misinformed regarding the debts they are in and around one third of them hide the information from the other family members.
The Post Office research revealed that 78% of them hiding their debts have hardly shared the level of their debts.
In Scotland, 27% of debtors in Aberdeen don’t share anything related to their debts with their parents and around one fifth of Glaswegians do the same along with 13% of those living in Edinburgh.

Economists are intimating that with revival of the U.S. economy, the consumers will have to deal with another problem i.e., persistent period of intensifying interest rates. This has been predicted to be the outcome of the swelling debt of the nation accompanied by the altered outlook of inflation because of healing of the economy from recession.
This prediction if it comes to be true, will definitely upset consumers spending as they have been use to  the spending convention  according to the 30-years of decline in the cost of borrowing.

Ex-Governor of Canada's central bank, the Bank of Canada, David Dodge has stressed that Canadians should now start saving far more money than earlier estimated if they want to retire comfortably, and this includes even those Canadians who tend to think that they have really good company pension plans and robust RRSPs.

Nearly 4 million pensioners will receive a hike in their payments later this month to reflect the higher rate of wages in Australia.

The pension payment to singles is reported to increase by $29.20 a fortnight to $701.10 from March 20, Community Services Minister Jenny Macklin posted yesterday.

While, for couples on a combined pension the payment will raise by $44 a fortnight to $1057.

The number of mortgages for first-time buyers touched the highest-mark in two years in December 2009 as people rushed to take advantage of tax break.
The Council for Mortgage Lenders said that banks approved around 25,000 mortgages for first-time buyers in December, up 26 per cent from the previous month. The figure was the highest since November 2007.