Breaking news
US slashes interest rates over coronavirus outbreak, fuelling speculation the UK could follow their lead Bank of England governor indicated a rate cut could be on the cards yesterday Last night the US slashed its interest rates by half a point due to economic risks Bank of England’s governor Mark Carney warned the coronavirus could … Read more
Boris Johnson’s chief adviser is accused of ‘major conflict of interest’ after taking £487,000 from luxury property developer while chairman of government affordable housing body Sir Edward Lister, 70, was paid the six-figures by Malaysian company EcoWorld Consultancy fee far exceeded salary of £68,000 as Chairman of Homes England He previously rebutted questions about the potential conflicts of … Read more
Two teenage climate activists joining forces with Greta Thunberg for the Bristol school strike tomorrow have insisted the protest is ‘more important’ than their education. Lily Fitzgibbon and Milly Sibson, both 17 and from the city, are leading Bristol Youth Strike 4 Climate tomorrow, and the 17-year-old Swedish activist will visit the UK to attend. The … Read more
Savers hammered by double whammy of surging inflation and falling interest rates By James Salmon for the Daily Mail Published: 21:59 GMT, 21 February 2020 | Updated: 21:59 GMT, 21 February 2020 Millions of savers have been hit by a double whammy of surging inflation and falling interest rates. The number of accounts which pay … Read more
TSB reveals second Classic Plus current account interest cut inside a year to just 1.5% – compared to 5% last year TSB’s Classic Plus account currently pays 3% on balances of up to £1,500 It reduced the rate from 5% last July, after reintroducing it in April 2018 It is the latest bank to cut … Read more
Dismay for 25million savers as NS&I slashes rates as low as 0.6% – and halves monthly winners of £50 and £100 prizes on Premium Bonds From May an estimated 13,448 £50 and £100 prizes will be handed out This is half as many as were given out in the recent draw Overall there will be … Read more
Savers face more misery as interest rate cut looms… but mortgages could get EVEN cheaper By Hugo Duncan for the Daily Mail Published: 21:52 GMT, 15 January 2020 | Updated: 21:52 GMT, 15 January 2020 Long-suffering savers are braced for a further hit to their nest eggs as pressure mounts on the Bank of England … Read more
Interest rate CUT now on the cards, say analysts, as pound falls to two-year lows after shock data shows UK economy shrinking Raising of rates ‘increasingly out of kilter with economic reality’ economist says The pound has fallen to $1.208 versus the dollar and €1.077 against the euro Pressure on Bank of England to join US and … Read more