Weekly roundup of the news headlines affecting your finances – 30th January 2011

4 min Read Published: 30 Jan 2011

We’ve trawled the news and highlighted the headlines that could affect your finances. Click on a headline to be taken to the full story.

Four in ten not planning to resolve finances

Two-fifths of UK consumers have set no money-related resolutions for 2011. Of these 21 million people, an estimated 8 million admit they are not happy with their current financial situation. Two million believe their finances will sort themselves out.

One in five to retire in debt in 2011

More than one in five people retiring this year will still have debts according to the Prudential Class of 2011 study.

King: UK faces most prolonged drop in living standards since 1920s

Bank of England governer Mervyn King has said the UK will experience a drop in living standards the scale of which has not been seen since the 1920s.

Is the UK heading for another recession? And the silver lining for mortgage borrowers

It was announced this week that the UK economy contracted by 0.5% during the last 3 months of 2010. This came as a shock to analysts who had expected the economy (measured by GDP) to show modest growth of between 0.2% and 0.6% over the period. But there could be a silver lining for mortgage borrowers.

UK economy: consumer confidence at 20-year low

As Barclays closes its financial planning service – will financial advice soon be only for the rich?

Earlier this week Barclays announced plans to stop offering financial advice through its retail branches.

New income drawdown rates could 'shock' pensioners

HMRC is creating new figures to calculate drawdown limits which could reduce pensioner incomes, experts warn.

Two MPC members favour rate rise

Bank of England policymaker Martin Weale joined Andrew Sentance in voting for an interest rate rise earlier this month.

Having exposure to FTSE giants makes good sense'

Professional investors are clamouring for a bargain big cap. But if you would rather leave the stock picking to the experts, why not opt for an investment fund with large cap exposure? Three financial advisers outline the best of the bunch.

UK's recovery 'unevenly spread'

Economic recovery will be "unevenly spread" across the country with some cities needing extra government help to create jobs, research suggests.

The National Insurance error affecting 9 million state pensions – The Facts

In the last few days there have been a lot of headlines about the latest HMRC error, this time affecting National Insurance contributions (NICs). So what has actually happened?

Npower issues reminder on refunds

Customers of the energy company Npower are urged to claim refunds for previously overcharged gas bills.

'One in five' UK graduates out of work

The latest figures show that one in five new graduates is now out of work, the highest number for a decade.

Diesel price reaches record high

The price of diesel at the pump has reached a new high - reaching an average of 133.26 pence - figures suggest.

Image: healingdream / FreeDigitalPhotos.net

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