iGas: shale gas reserves higher than previously thought

Studies show energy company’s licensed sites in north-west England hold between 15-170 trillion cubic feet of shale gasA leading UK shale gas explorer has said estimates of its resources in north-west England are considerably higher than previously thought and could meet gas consumption in Britain for decades.Studies by iGas show its licensed sites in the […]
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Nationwide credit card limit cut turned into an emergency call

It was cut from £12,000 to £600 while I was away in AustraliaI have been a loyal Nationwide credit card customer for more than 15 years, always paying off my £700-£5,000 monthly balance in full. Over the years my credit limit has risen steadily to £12,000. In January, I told Nationwide I was going to […]
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Middled-aged people will have to work until 70 to save a retirement pot

Research by pensions firm shows less than half of workers over 30 are saving enough to guarantee a comfortable incomeWorkers in their 40s and 50s are trapped in a “perfect storm” of economic downturn and property debt that could force them to delay retirement until their 70s, it was claimed on Monday, as research showed […]
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Thames Water wants to raise average bill £100 by 2020

Inflation-busting increases blamed on need to invest in super-sewer as London growsBritain’s biggest water company plans inflation-busting price rises over the next six years that could leave customers paying around £100 a year more by the end of the decade. Thames Water wants to review current price rules agreed with regulator Ofwat and to increase […]
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Renewable energy is clean, cheap and here – what’s stopping us? | Ashley Seager

Energies such as solar and wind have seen dramatic price falls. The revolution in non-grid energy should be embraced by the UKThe report from the Committee on Climate Change arguing that investing in renewable energy would eventually save consumers a lot of money is spot on.We are regularly told by conventional utility companies, many politicians […]
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Nationwide helps first-time buyers with a record low 2.54% rate

But the mortgage is part of the government’s Help to Buy scheme which is new-build only, sparking fears it will fuel another housing market bubbleNationwide building society has launched the lowest-ever mortgage rate for first-time buyers, offering a rate of just 2.54% fixed for two years, available to borrowers with a deposit of just 5%.But […]
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Markets rise as US homes see biggest price gains in years

S&P/Case-Shiller index reports prices 10.9% higher in March than a year earlier, spurring rally on US stock marketsUS house prices were 10.9% higher in March than a year earlier, the largest increase in close to seven years, according to a closely-watched index tracking home prices in 20 major cities. The news, and signs of growing […]
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Letters: Contributions to the welfare debate

The discussion of welfare by Ian Mulheirn (Comment, 27 May) and generally conflates two different payments. The first is illustrated by my state pension, which is based on 36 years of contributions (not on the 40 years I could have accumulated, had I not missed four years of national insurance payments). This and work pensions […]
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‘Big four’ banks cut 189,000 jobs worldwide in five years

Lloyds, HSBC, RBS and Barclays’ headcount drops to nine-year low, as profits surge and unions say worse is yet to comeBy the end of this year Britain’s four biggest banks will have axed 189,000 jobs around the world in the five years since the financial crisis broke, according to new calculations.The figures compiled by Bloomberg […]
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Santander said it was too late to find my mother’s old building society account

I want to find out what’s happened to my late mother’s cash. Surely banks have records going back further than six years?My mother died recently and among her papers I discovered an old National & Provincial building society account dating back to 1996 that doesn’t appear to have been closed. There was £100.18 in the […]
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