A BATTLE is brewing within the Bank of England as the nine people who decide Brits’ borrowing costs are at odds over the timing of interest rate cuts. The Bank yesterday held interest rates at 4.75 per cent amid rising fears that inflation is creeping higher again. 6 The Bank’s Governor, Andrew… Bank of England … Read more
HOPES that interest rates will soon start falling were dashed yesterday after an unexpectedly big increase in wages stoked inflation fears. Official jobs figures showed that wages rose by 5.2 per cent in the three months to October. 3 After the surge in wage growth, traders have now put a… Wage surge dashes hopes for … Read more
UK average earnings rose by 5.2% in the three months to October, the latest data from the Office for National Statistics (ONS) reveals. Wages including and excluding bonuses were up 0.3% from 4.9% from the three months before. 1 Official figures have been released this morningCredit: Getty Annual… Wage growth rises as UK firms start … Read more
HOUSE prices have fallen for the second month in a row ahead of a key Bank of England base rate meeting this week. The average price tag on a home fell by £6,395 in December, according to the latest figures from Rightmove out today. 1 House prices fell in December according to the latest data … Read more
Britain on ‘recession watch’ after economy shrinks for second month in a row, experts warn …C0NTINUE READING HERE>>> BRITAIN is on “recession watch” after the faltering economy shrank for the second month in a row, experts say. Output contracted by 0.1 per cent in the four weeks before October’s Budget. 1 Experts say that the … Read more
Reeves admits latest GDP figures are ‘disappointing’ as UK economy shrinks AGAIN – even before Budget tax raid …C0NTINUE READING HERE>>> RACHEL Reeves admitted she was “disappointed” today after the economy shrank for the second consecutive month. Britain’s GDP fell by 0.1 per cent in October, following an identical slump in September. The Chancellor insisted … Read more
UK economy shrinks unexpectedly as GDP falls 0.1% – what it means for your money …C0NTINUE READING HERE>>> THE UK unexpectedly economy shrank in October, latest figures from the Office for National Statistics (ONS) show. The ONS said gross domestic product (GDP) contracted 0.1% in October. Most economists had been expecting GDP to rise by 0.1% during … Read more
ICELAND’S boss has said “food is too cheap” despite three years of rising prices during the cost-of-living crisis. Richard Walker said the relaunch of its interest-free loans for customers to spend in-store was not because groceries are too expensive but due to wider pressures on household budgets. Iceland set up its Food Club with charity … Read more
Four big banks offering up to 5% interest on everyday current accounts as Starling to AXE popular feature …C0NTINUE READING HERE >>> FOUR big high street banks are still offering as much as 5% interest on everyday current accounts despite Starling axing its offer. The online bank will stop paying all of its customers interest on their … Read more
‘Amazon tax’ will help revive high streets vows Labour amid fears online shoppers will face higher prices …C0NTINUE READING HERE >>> ONLINE retail giants must pay up to revive Britain’s dying high streets, the tax minister has declared. James Murray told The Sun it is fair to whack up levies on companies such as Amazon … Read more