25 h. ago Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’

Which’s analysis follows research finding that the world’s biggest banks significantly increased their fossil fuel finance in 2024.

Economics

3 d. ago Are you with one of these top banks? These are the signs your savings account is one of 2,175 in danger of having its rate cut: SYLVIA MORRIS

Sticking with your current provider's easy-access account is a huge mistake. Earning more than inflation is key to preserving your financial wellbeing.

Economics

8 d. ago Starmer dismisses ‘personal ambitions’ of Burnham amid leadership speculation

The Manchester mayor proposed a 50p top rate of income tax and a tax cut for lower earners, in interventions widely seen as a leadership pitch.

Politics

8 d. ago Government payments of up to £1,200 available through little

Help to Save is a savings account run by the Government for people claiming Universal Credit

Economics

9 d. ago Over 500,000 households on Universal Credit getting FREE cash worth £1,200 – are you missing out?

THOUSANDS of households receiving Universal Credit could be missing out on £1,200 worth of free money. The cash injection is through the Help to Save account, which offers a 50% bonus on your savings. The saving scheme was recently extended, so anyone who receives Universal Credit and who earned £1 in their previous assessment period...

Economics

9 d. ago Little known government savings account sees £220m in bonus payments

Some 575,200 customers have opened a Help to Save account since the scheme was launched in September 2018, paying a total of £588.2m into their savings pots.

Economics

1 week ago Got one of these top savings accounts? This is the sneaky way you are being tricked out of your money... and why you must switch NOW: SYLVIA MORRIS

I need to issue an urgent warning about easy-access accounts that are dominating the best-buy tables - they may not be as good as they first appear.

Economics

2 w. ago Fed’s Stephen Miran defends call for sharper interest rate cut

Trump ally insists president’s immigration policies are disinflationary

Politics

2 w. ago BoE crushes Brits' hopes of interest rate cut as surging food prices spark alarm about inflation

The Monetary Policy Committee kept the base rate at 4 per cent as it announced the latest decision at noon.

Economics

2 w. ago BoE poised to dash Brits' hopes of interest rate cut TODAY as surging food prices spark alarm about inflation

The Monetary Policy Committee is expected to keep the base rate at 4 per cent when the latest decision is announced at noon.

Economics

2 w. ago Will mortgage rates drop further after the Fed's rate cut? Not necessarily

The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep dropping

Politics

2 w. ago Federal Reserve cuts US interest rates for first time since December

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald TrumpThe US Federal Reserve cut interest rates on Wednesday, its first rate cut since December, as the central bank moved to stabilize a wobbling labor market even as Donald Trump’s tariffs continue to push up prices.Rates are now at a range of 4% to 4.25% – the lowest since November 2022. But the decision is unlikely to satisfy Trump, who has lambasted the Fed for acting “too late” and called for a far bigger cut. Continue reading...

Politics

2 w. ago Federal Reserve cuts interest rates for first time in nearly a year, from 4.25% to 4% – live updates

Quarter point reduction comes amid concern of political pressure on the independent central bank from the Trump administrationIn economic projections released after the Fed’s rate-cute decision, members of the Fed’s board submitted their economic predictions for the economy over the next few years.A slight majority of board members seem to expect another rate cut by the end of the year, while a majority see more rate cuts in 2026. Board members are predicting a slight increase in unemployment, though they seem to think that inflation will largely cool in 2026 and 2027. Continue reading...

Politics

2 w. ago Jerome Powell finally does it: Federal Reserve cuts interest rates a quarter of a percent

The rate cut comes as Trump stages an unprecedented assault on independence of the Federal Reserve

Politics

2 w. ago UK inflation: What a steady 3.8% rate means for interest rates and mortgages

“While inflation is no longer rising, it doesn’t make another rate cut any likelier this year” – Kevin Brown, Scottish Friendly

Economics

2 w. ago UK overall inflation remains at 3.8% in August, but food price growth climbs for fifth month in a row

Food prices rise at fastest rate since January 2024 with vegetables, milk, cheese and fish going up; Bank of England expected to keep interest rates on hold on ThursdayAt 3.8%, the latest UK inflation data certainly isn’t welcome news for the Bank of England ahead of its decision on Thursday, where it’s widely expected to leave rates on hold, said James Smith, developed markets UK economist at ING.Yet the latest data doesn’t dramatically move the needle one way or another on the prospect of a further rate cut later this year.Inflation is more or less at a peak, though it’s likely to stay in the 3.5-4% area for the rest of this year.However, we think there is still scope for services inflation to undershoot the Bank’s forecasts further in the next release for September. And more broadly, we are seeing a significant easing in rental growth, which is set to be a significant source of service sector disinflation over the coming months.If we’re right about that, it would tip the balance ...

Economics

2 w. ago Asian benchmarks are mixed after Wall Street edges down from record highs

Asian shares are trading mixed after U.S. stocks edged down from record highs and as market focus turned to expectations for the Federal Reserve’s first interest rate cut of the year

Politics

2 w. ago Major money changes in September including bank closures and free childcare

We've round up the main money changes coming up in September, affecting a range of people including bank account holders, groceries shoppers, homeowners, savers and benefits claimants

Economics

3 w. ago This high street bank will pay you £200 to open a new current account

A major bank is about to launch a new current account switching bonus, allowing savers to earn £200 for moving their current account.

Economics

3 w. ago Inflation spiked in August as Trump’s tariffs went into full effect ... and that’s not all the bad news for economy

Increases in the costs of food, shelter and energy caused inflation to spike and increase the likelihood of an interest rate cut

Economics