Pound remains on course for worst run of losses in almost a year
The currency could potentially be further weakened if the Bank of England chooses to implement more rate cuts this year. ADVERTISEMENTSterling could potentially be on…
Defence giant Bae Systems opens door to more ‘like-minded’ countries joining UK-led fighter jet scheme
DEFENCE giant Bae Systems has opened the door to more “like-minded” countries joining the UK-led Tempest project amid speculation about the fighter jet scheme.BAE has…
Brits spent 2.1billion hours watching Sky content over the past six month
BRITS spent 2.1billion hours watching Sky content in just the past six months alone.It works out at 240,000 years of viewing — far longer than…
Rare £50 King Charles banknote sells at auction for £14,000 – how to spot one in your change
A RARE £50 banknote has sold for £14,000 at auction - we reveal how you can spot one similar in your spare change.The legal tender…
UK inflation rate remains the same – what it means for your money
THE UK's rate of inflation remained unchanged in June, according to fresh figures from the Office for National Statistics (ONS).Consumer Prices Index (CPI) inflation stood…
UK interest rates should remain on hold this summer, warns BOE official
The UK's jobs market is currently too strong to start cutting interest rates, says BOE Monetary Policy Committee member Jonathan Haskell. ADVERTISEMENTIn the first public…
Bank of England keeps rate on hold: Investors raise August rate cut bets
The Bank of England kept the Bank Rate at 5.25% in June, with two MPC members favouring a 0.25% cut. Inflation rate hit the 2%…
UK inflation rate hits target of 2%: Is this a signal for rate cuts?
The United Kingdom's overall inflation rate fell to 2% year-on-year in May, hitting the Bank of England's target for the first time since July 2021,…
Weekly markets recap: European stocks sink on political jitters
Global markets were mixed this week as European stocks tumbled on political turmoil, while Wall Street hit a new high fueled by a tech rally.…
Fed rate decision: Implications on the European stock markets
European stock markets recoup most of their losses from earlier in the week following the release of US CPI data. Regional markets poised to open…
UK economy flatlined over April as retail sales were hit by wet weather
APRIL showers hit the economy hard, with retail sales a complete washout and growth flatlining. Official figures released yesterday show there was zero growth in…
Top tips to stop equity release spiralling out of control as thousands use option to fund everyday costs or repay debts
THOUSANDS of homeowners are turning to equity release to fund everyday costs or repay debts, Sun Money can reveal. It comes as interest rates are…
Exact amount first-time buyers need for a deposit as house prices hit record high – and nine schemes to help you buy
FIRST-TIME buyers will be keen to know the exact amount they need for a home deposit as house prices hit a record high. The average price tag…
Exact rate wages are rising revealed – what it means for your money
WAGES are rising for millions of workers across the UK, new figures reveal. Growth in regular pay, excluding bonuses, grew by 6% between January and…
Warning for 1million young homeowners who will be paying off ‘ultra- long’ mortgages in retirement
MORE than one million homeowners are being warned that they could be paying off "ultra-long" mortgages into their retirement. Budding young buyers are choosing longer…
Chancellor Jeremy Hunt urges Bank of England to not cut rates too quickly and risk raising them again
CHANCELLOR Jeremy Hunt yesterday urged the Bank of England not to cut rates too quickly and risk raising them again. The Bank kept rates at…
Profits at Lloyds fall after bank squeezed to increase rates for savings accounts customers
PROFITS at Lloyds have fallen by more than a quarter after the bank faced more pressure to increase rates for savings accounts customers. Britain’s biggest…
Bank of England is among world’s poorest at making economic forecasts, says report
THE Bank of England is among the world’s worst at making economic forecasts, a report says. It has “significant shortcomings” in making predictions and relies…
Bank of England set to kick off cyber ‘stress test’ of UK’s financial system within days
THE Bank of England is set to kick off a cyber “stress test” of the UK’s financial system within days. It comes after the Government…
New 99% mortgage to help first- time buyers get on the ladder with just a 5k deposit
A MAJOR building society has launched a 99% mortgage to help first-time buyers get on the housing ladder. The Yorkshire Building Society deal will enable…