HSBC decreases cheque guarantee limit

The bank HSBC is descreasing the cheque limit on some of its customers' debit cards. Today around 300,000 customers have a £250 limit on their cards and the idea is reduced to £100. According to the bank this decision will cut losses from cheque fraud and discourage people from spending money that they didn't have. Nowadays many retailers on the market don’t accept cheques. HSBC said there was no particular problem with its cards being misused among its 10 million current account customers in the UK. The decision will affected consumers that typically asked in the past for a cheque guarantee limit that was larger.

UK industry recovery

This mounth is the fisrt time at one year plus one trimester that the index Purchasing Manager’s from the the Chartered Institute of Purchasing and Supply (CIPS) was positive. According to the CIPS were signes indicates that the UK industry may coming out of recession. In the first three months of this year the level of the sector in GPD decreases. Probably this level will increase for the rest of the year.David Noble, chied executive of the Chartered Institute of Purchasing and Supply said that afetr months of gloom and doom there are some signs of relief fo the UK manufacturing sector. For four consecutive month The headline manufacturing PMI had a improved in your index and today it is in 45.4.

Source: http://news.bbc.co.uk/2/hi/business/8128265.stm