Nationwide lucrative offer for the tax-free Isa account

 

Here is the good news for all the savers who has opt for tax-free interest rate Individual saving accounts-Isa. Nationwide has decided to increase the Isa rate to 3.1% and ranks high among top-paying easy access account. Savers to get benefited from 3.1% rate needs to open either current account with Nationwide, a CashBuilder savings account, a Smart card or InvestDirect savings account. This offer by Nationwide is a creative innovation in the easy access account competitive market of big three giants namely Nationwide, Santander and Halifax. However, Santander is offering 3.15% marginal high rate than Nationwide yet Nationwide is leading against Halifax who is offering 3%.

Manchester daily evening news publisher -Trinity Mirror, shows weak performance

Trinity Mirror has a fall is its share prices after they have reported 6.9% fall in their revenues. Trinity Mirror has reported a sluggish and unstable recovery position in the share market. As the major step to counterbalance the effect of inflation and vulnerable economic position, cost cutting at Mirror is reported to be the consequences. Trinity has cut down cost on personnel by lying-off jobs and head counts while changing editorial patterns and outsourcing various tasks. Trinity has reported a full year revenue decline in 2010 and is reported the same situation with decline of 6% in sales of January and February. 

FTSE regains from the barrier

FTSE is seen to regain its position as it breaks the barrier of 6000 to an increase at 6005.1 when FTSE 100 index closes at 90.2 points. This improvement was result of the releasing tension of Libya and high performance by the blue-chip companies. Oil prices flying for the couple of weeks now showing a relaxing position depicted by the London Brent crude taking back approx 1% to 114USD per barrel. This impact of lowering oil prices was well observed in the improved performance by the airline industry. Sky, Travel firms and Aviva-insurance firm were among the most prominent ones who have reported a reasonable increase in their operating profits.

Post office sees to remove the facility of benefit cheque payments

The government decision of favoring benefits cheques from post office was highly criticized on the grounds that it could lead to the business closure of new branch setups. As a result government has decided to remove this attractive and creative feature.  From 2012 Citibank has announced to set for a new service by opining Paypoint outlets with the estimated cost of £20 million serving more than 250,000 people.  Government has highlighted that payment through cheque is costly mode as it cost about £30 million to the tax payers and it is also vulnerable as its open to fraud. Therefore, these public services can’t be trusted for processing such payments. On the other hand National federation of SubPostmasters is now in a threat that they might be confronted with the closure of Post Office Card Account which is currently used by approx 4 million customers per week.