Current accounts, housing, ISAs and tax avoidance

Consumers are getting better value for money from their current account and benefiting from a more competitive market, according to a new report from the Social Market Foundation published today. The report, A switch in time: The evolution of Britain’s personal current account market, supported by Bacs, has found a 17 per cent fall in bank revenue from personal current accounts over the past eight years – a sign of increased competition in the personal banking market.