Julian Knight: After 350 years, Bankers at last get something right – scrapping cheques

How dare they? Those damned bankers, not content with getting the legal seal of approval on sky-high current account charges, paying themselves bonuses for doing jobs they wouldn't even have if it weren't for the taxpayer, they now, horror of horrors, want to get rid of the good, old, reliable cheque.

Simon Read: Spending won't lead to a happy Christmas

More than half of people who use a credit or store card feel that meeting the minimum repayment is a burden, according to research published this week by the Office for National Statistics (ONS). Alarmingly, 15 per cent of people fail to meet some of their repayments, the ONS said. On the other hand, the same survey reported that household wealth reached a record £9 trillion in Great Britain between 2006 and 2008, with the average wealth of households estimated at a healthy-looking £204,500.

The high cost of debt to your wellbeing

People with mental health issues can face difficulties managing their money, leading to debt problems. Neasa MacEarlean finds out what help is available

Consumers repay record levels of debt as new home loans rise

Britons cut their credit card, loan and overdraft debts by £579m in October

Consumers continuing to pay off debts

Consumers repaid a record level of unsecured debt during October as they continued to focus on improving their finances in the face of the recession, figures showed today.

Simon Read: Do so many people need to lose homes?

The number of people facing the misery of repossession is falling, which is great news. The Council of Mortgage Lenders this week slashed its repossession predictions for the year to 48,000. Earlier in the year, it predicted some 75,000 people could lose their homes in 2009. Is this a sign that the recession really is over for home owners and the good times are back?

Simon Read: No more chances for dodgy debt advisers

Debt management firms are facing a new crackdown by the Office of Fair Trading. Explaining the review which will examine the advertising and business practices of the firms Ray Watson, OFT director of consumer credit, said: "A recent increase in formal OFT enforcement action, rising complaints and new problems emerging in the market suggest that some businesses are still not meeting minimum standards."

Mortgage borrowing increases

Homeowners' mortgage borrowing increased in September while the number of loans approved for house purchase also grew, figures showed today.

Recession closes 26,000 shops in nine months

Nearly 26,000 shops went out of business in the first nine months of this year, with multiple retailers as badly affected as independents.

Signs of life in the housing market

Amid the continuing economic gloom, the British Bankers' Association provided a ray of light yesterday, saying that the number of home loans approved was back up to levels last seen at the end of 2007.

Bad day for US banking

Bank of america yesterday showed that America's banking system is not yet out of the woods, slumping to a $1bn (£613m) third-quarter loss.

JPMorgan results help Dow power past 10,000

Wall Street giant beats forecast with $3.6bn earnings

Business Diary: 10/10/2009

Place your bets in the airline strike stakes

Do you think Paddy Power's market on which airline will suffer a major industrial dispute first is just a bit mean-spirited? It is offering odds of 1/2 that British Airways workers will be the first to stage a walkout, or you can back Aer Lingus at 6/4. Still, it might be one way to raise money for a new flight.

David Prosser: Is the Bank's QE gamble paying off?

Outlook: Your "open meeting" is my "crisis summit", as the Bank of England has discovered after inviting 50 leading economists into Threadneedle Street for a chat about the progress of its quantitative easing initiative.

How to dodge the recession rip-offs and online scams

The credit crunch has brought with it an big increase in fraud. Kate Hughes looks at how to avoid becoming a victim
News
newsGlobal index has ranked the quality of life for OAPs - but the UK didn't even make it into the top 10
Arts and Entertainment
Swiss guards stand in the Sistine Chapel, which is to be lit, and protected, by 7,000 LEDs
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The Sistine Chapel is set to be illuminated with thousands of LEDs

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peopleStella McCartney apologises over controversial Instagram picture
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Gillian Anderson was paid less than her male co-star David Duchovny for three years while she was in the The X-Files until she protested and was given the same salary
people

Gillian Anderson lays into gender disparity in Hollywood

Life and Style
Laid bare: the Good2Go app ensures people have a chance to make their intentions clear about having sex
techCould Good2Go end disputes about sexual consent - without being a passion-killer?
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Richard Burr remains the baker to beat on the Great British Bake Off
tvRichard remains the baker to beat as Chetna begins to flake
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Italian couples fake UK divorce scam on an ‘industrial scale’

Welcome to Maidenhead, the divorce capital of... Italy

A look at the the legal tourists who exploited our liberal dissolution rules
Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

The vintage series has often been criticised for racial stereotyping
An app for the amorous: Could Good2Go end disputes about sexual consent - without being a passion-killer?

An app for the amorous

Could Good2Go end disputes about sexual consent - without being a passion-killer?
Llansanffraid is now Llansantffraid. Welsh town changes its name, but can you spot the difference?

Llansanffraid is now Llansantffraid

Welsh town changes its name, but can you spot the difference?
Charlotte Riley: At the peak of her powers

Charlotte Riley: At the peak of her powers

After a few early missteps with Chekhov, her acting career has taken her to Hollywood. Next up is a role in the BBC’s gangster drama ‘Peaky Blinders’
She's having a laugh: Britain's female comedians have never had it so good

She's having a laugh

Britain's female comedians have never had it so good, says stand-up Natalie Haynes
Sistine Chapel to ‘sing’ with new LED lights designed to bring Michelangelo’s masterpiece out of the shadows

Let there be light

Sistine Chapel to ‘sing’ with new LEDs designed to bring Michelangelo’s masterpiece out of the shadows
Great British Bake Off, semi-final, review: Richard remains the baker to beat

Tensions rise in Bake Off's pastry week

Richard remains the baker to beat as Chetna begins to flake
Paris Fashion Week, spring/summer 2015: Time travel fashion at Louis Vuitton in Paris

A look to the future

It's time travel fashion at Louis Vuitton in Paris
The 10 best bedspreads

The 10 best bedspreads

Before you up the tog count on your duvet, add an extra layer and a room-changing piece to your bed this autumn
Arsenal vs Galatasaray: Five things we learnt from the Emirates

Arsenal vs Galatasaray

Five things we learnt from the Gunners' Champions League victory at the Emirates
Stuart Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

This deal gives England a head-start to prepare for 2019 World Cup, says Chris Hewett
Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?