'Hammond: We realise Brits weary of austerity. How would you or your kind know??

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Lenders Scaling Back Zero-Balance

Lenders scaling back zero-balance credit card transfer deals.

Bank of England governor Mark Carney voices concerns about generous deals allowing borrowers to shift credit card debts.

Credit card offers that allow consumers to transfer balances interest free are being scaled back as banks and building societies tighten borrowing rules, a Bank of England survey showed.

[…]

New Polymer £5 Note

New polymer £5 note ready to go for a spin.

The Bank of England says the Churchill note can survive the washing machine – but it could shrink and melt on the ironing board.

The new plastic £5 note is beginning to enter circulation – and is designed to be safer and stronger.

It […]