Weekly news roundup – 23rd July 2010

In the first of a new series of posts, here we collate the news stories of the week that we feel have the most relevance to your personal finances. Just click on a link to be taken to the full story.

23 Jul 2010 

• Ten banks to fail European stress tests: Goldman

 

• Bank of England rate setters surprised by high inflation

 

• UK grew twice as much as expected in second quarter

 

• Dividends to fall 6.5 percent in 2010 due to BP

 

• Equitable Life compensation an insult to victims

22 Jul 2010

• Retail sales get World Cup boost in June

 

• Ocado shares trade below Initial Public Offering price

21 Jul 2010

• Gross mortgage lending up 7 percent

 

• Mortgage approvals and lending to firms slip

20 Jul 2010

• Cable says banks ripping off consumers

 

• National Savings pull inflation linked products

19 Jul 2010

• Compulsory annuity purchase at age 75 to be scrapped under new pension rules

 

• A miscalculation by the Yorkshire and Clydesdale banks means some mortgage holders could be asked to repay up to £300 more each month

 

• Government to raid dormant bank accounts to fund charity

 

• Retail banks making less from customers