Savings

One of the effects of the massive evaporation of easy credit both in Britain and around the world in recent months has been deflation. In 2009, Britain is expected to officially enter into its first deflationary period in 49 years when the Retail Price Index, which measures the price of goods and services, drops below zero.

Some of the building societies in this U.K. list have been taken over - for example, Britain's biggest building society, the Nationwide, has merged with the smaller Cheshire, Derbyshire, and Dunfermline building societies, but their individual brands (and web sites) are still active. However, The Staffordshire, which was

Some of these banks have merged - the obvious examples being NatWest and Royal Bank of Scotland or HBOS (Halifax-Bank of Scotland) with LloydsTSB. Since the new LloydsTSB megabank has retained the brands of the original, individual banks, they are listed separately here.

Edinburgh Business and Personal Finance Resources

British pensioners and those who rely on savings for income are not feeling too festive this christmas after the Bank of England reduced interest rates, earlier this month, to levels not seen since