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…
Bank of England confirms key interest rate decision – affecting everything from mortgages and credit cards to savings
MILLIONS of households will breathe a sigh of relief as the Bank of England left interest rates unchanged again today. Decision-makers on the Bank's Monetary Policy Committee (MPC)…
Metro Bank ending seven-day operation that set it apart from rivals — with 1,000 jobs slashed
Metro Bank is ending the seven-day operation that set it apart from its rivals — and 1,000 jobs are being slashed. The high street lender…
UK inflation rate remains unchanged at 4% in January – what it means for your money
THE UK’s rate of inflation remained at 4% in January in a blow for household budgets. The annual rate at which prices are rising remained at the…
Bank of England forecasts inflation will fall to target of two per cent 18 months early
THE Bank of England yesterday forecast inflation will fall to its target of two per cent 18 months earlier than expected. The encouraging news led…