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
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
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
Savers hit by ‘Grinch-style’ cuts as rates reduced on over 200 accounts …C0NTINUE READING HERE >>> SAVERS are being warned about Grinch-style cuts to returns as interest rates are being slashed on over 200 accounts, The Sun can reveal. Britain’s biggest banks, including Barclays, HSBC, Santander and NatWest, as well as the government-backed NS&I, are … Read more
Big online bank with 3.6million customers to AXE popular feature that could see them miss out on cash …C0NTINUE READING HERE >>> A HUGE online bank with 3.6million customers is set to axe a popular feature from all current accounts. Starling Bank is to stop paying all of its customers interest on their current account … Read more
Natwest makes big change to mortgages following Nationwide, Barclays and Halifax …C0NTINUE READING HERE >>> NATWEST has confirmed it will be making a huge change to mortgages for all of its fixed-rate customers. The decision follows similar moves this year by Barclays, Halifax, Lloyds Bank, Nationwide and Santander. 1 Natwest has joined five other banks … Read more
Best first-time buyer mortgages where you can buy a home with just a £5k deposit …C0NTINUE READING HERE >>> IF you’re a first-time buyer then securing a mortgage is the first step onto the housing ladder. With rates dropping, first-time buyers are now paying a lot less in mortgage repayments than they were a year … Read more
High street banks offering ‘meagre’ savings rates as best and worst revealed …C0NTINUE READING HERE >>> SAVERS should ditch “meagre” rates at high street banks for better returns elsewhere. Experts have warned that the most competitive saving rates are no longer coming from the big banks you’d expect. Digital banks and building societies are now … Read more