13 h. ago One in four senior bank staff say closing branches 'isn't a concern'

Meanwhile, the majority of customers say banks are now less focused on serving and looking after their customers than they were five years ago.

Politics

3 d. ago Ombudsman proposes changes to interest levels applied to compensation

The ombudsman can currently direct businesses to pay 8% interest on top of the compensation for the period their customer was out of pocket.

Politics

4 d. ago Bank of England chief warns interest rate cuts now 'more uncertain' as OECD downgrades growth forecasts and says inflation will 'linger'

Andrew Bailey said the prospects for easing the burden on Brits was 'shrouded in a lot more uncertainty', largely due to Donald Trump 's trade war.

Events

4 d. ago Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live

Rolling coverage of the latest economic and financial news, as OECD forecasts global growth will slow to 2.9% in 2025 and 2026UK will slump to 1% growth next year as Trump tariffs bite, says OECDUS firms say Trump trade war is hitting production as dollar nears three-year lowUS economic growth is expected to slow markedly to 1.6% in 2025 and 1.5% in 2026, the OECD says.That’s relatively weak growth by recent standard, and slower than the “robust” growth of 2.8% recorded in 2024.Annual headline inflation is set to pick up to 3.9% by end-2025 due to higher import prices but is expected to ease throughout 2026, aided by moderate GDP growth and higher unemployment.Risks to the growth projection are skewed to the downside, including a more substantial slowing of economic activity in the face of policy uncertainty, greater-than-expected upward pressure on prices from tariff increases, and large financial market corrections. Continue reading...

Events

4 d. ago Bank of England neglected climate and nature risk, say former senior staff

Ex-employees tell FT that climate change was deprioritised under governor Andrew Bailey

Events

4 d. ago Bank of England staff depart after downgrade of climate risk

Ex-employees tell FT that climate change was deprioritised under governor Andrew Bailey

Events

9 d. ago Nationwide calls for looser mortgage lending rules to help 10,000 more buyers

The lender said home buyers had been rushing to complete purchases ahead of tax relief being slashed from April.

Economics

9 d. ago Heathrow boss slept through disastrous power outage with his phone on silent

Senior staff at London Heathrow Airport couldn't reach Thomas Woldbye, Chief Executive Officer, to inform him they had decided to suspend operations because of a fire at a substation in Hayes

Events

1 week ago Looking to bag a new role, Gary? Lineker cuts a crestfallen figure with tote shopping bag after tearful final Match of the Day following anti

The 64-year-old former England striker looked sombre as he went for a bank holiday Monday stroll wearing charcoal denim jeans and a grey crew neck jumper.

Economics

1 week ago Bank of England warned Downing Street against building a Chinese embassy near sensitive financial centres in London, Trump security advisers have revealed

The plan for the 'super embassy' was blocked by the previous government amid British intelligence warnings about its location and espionage risk, but has now been revived.

Events

1 week ago Bank of England warned Downing Street against building a Chinese embassy near sensitive financial centres in L

Bank of England warned Downing Street against building a Chinese embassy near sensitive financial centres in L  Daily Mail

Events

1 week ago Defence chiefs spent more than £200million of taxpayers' money on travel and luxury stays

Defence chiefs spent more than £200 million of taxpayers' money on travel and luxury stays for senior staff last year while troops lived in squalid conditions.

Economics

2 w. ago Fetterman says he’s taking part in more Senate duties after questions over his health were ‘weaponized’

Democratic senator has dismissed concerns about his wellbeing raised by a former senior staff member

Events

2 w. ago Tourists bin trips to popular destination after chilling prediction from 'New Baba Vanga'

The Japanese mystic, who's credited with predicting Covid-19 and the death of Princess Diana, has warned a devastating natural disaster is imminent, and could put 1000s of lives at risk

Politics

2 w. ago HSBC customers told to 'review' bank accounts ahead of huge change next month

The Bank of England's base rate influences what banks and lenders charge you to borrow money, but it also dictates how much banks will pay you in interest on your savings

Economics

2 w. ago UK inflation rises to its highest in over a year after domestic bills spike

Inflation in the U.K. spiked to its highest level for more than a year in April amid higher domestic bills such as energy and water

Economics

2 w. ago Interest rates falling 'too rapidly' warns Bank of England chief economist

The chief economist of the Bank of England has warned interest rates have been falling too quickly as the rate of inflation continues to exceed the bank's 2% target.

Events

2 w. ago King’s visit to ‘reinforce’ Canadian sovereignty against Trump, says diplomat

Ralph Goodale spoke ahead of Charles’ trip to Ottawa later this month.

Politics

2 w. ago Natwest customers urged to act ahead of huge change to bank accounts this month

The cut to interest rates comes as the Bank of England slashed its base rate by 0.25 percentage points to 4.25% earlier this month. On the day, savers were immediately warned about the impact the move would have on them

Economics

2 w. ago Interest rates falling ‘too fast’ sparking inflation worry, Bank of England’s chief economist warns

Huw Pill said cuts in the Bank of England’s base rate have been ‘too rapid’

Economics