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Money

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The Nationwide upped the interest it charges on overdrafts to 18.9 per cent

Rising overdrafts mean it's time to cheque out of your current account

The Nationwide's increase in charges for those in the red means it's time to shop around

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Spotlight: Abbey Zero Card

Abbey's new Zero credit card is one of the few cards not to charge overseas and cash withdrawal fees. It also offers a three-month interest-free period on purchases and a 12-month interest-free period on balance transfers (although you will be charged a 3 per cent transfer fee if you use the card for this purpose).

Julian Knight: Another day, another pensions chief – and it will all end in tears

So yet another Work and Pensions secretary bites the dust. This time around, James Purnell has chosen to take the long walk off a short pier in a bid to be a latter-day Michael Heseltine. He may get his wish as far as Gordon Brown going is concerned, but he's definitely no Hezza.

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