4 h. ago Bank of England policymaker issues inflation warning ahead of interest rates decision

The policymaker has backed a 'gradual' approach to cutting interest rates - with inflation levels in the country higher than targeted

Events

8 h. ago Bank of England rate setter warns of higher UK inflation risk driven by wages

Deputy governor Dave Ramsden says interest rate cuts must be gradual

Events

10 h. ago Looking for a new savings account? Here are some key benefits and pitfalls to consider

With a new tax year approaching, now could be a good time to take a fresh look at the savings accounts on offer.

Economics

55 h. ago BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’ – business live

Oil and gas giant abandons green ambitions, as boss says it will be ‘very selective’ about investing in fossil fuel alternativesBP will abandon its green ambitions, including plans to cut its oil and gas production by the end of the decade, as part of a “fundamental reset” of the troubled company’s strategy.Instead, it is ramping up its oil and gas investment to $10bn a year.Today we have fundamentally reset BP’s strategy. We are reducing and reallocating capital expenditure to our highest-returning businesses to drive growth, and relentlessly pursuing performance improvements and cost efficiency. This is all in service of sustainably growing cash flow and returns.This strategy will see BP grow its upstream oil and gas business, focus its downstream business, and invest with increasing discipline into the transition.Connecting offshore wind farms such as Sofia helps harness the power of the North Sea to keep the lights on and deliver homegrown energy to British consumers.OFTO is par...

Economics

3 d. ago Households to suffer raft of bill increases from April as energy price cap rises

The Bank of England has forecast higher-than-expected inflation this summer due to rising bills.

Economics

3 d. ago 8 money changes happening in March 2025 including stamp duty deadline

The Mirror has rounded up all the financial changes that are due to hit your wallet next month, including rising train fares, stamp duty deadline and another interest rate update from the Bank of England

Events

3 d. ago Inflation and interest rates predictions: What it means for your money in 2025

The Bank of England are not expected to cut rates again next month but what about for the rest of the year?

Economics

4 d. ago Apple cheers Trump with $500bn US investment plan; UK defence firm Chemring ‘targeted’ by private equity firm – business live

One of the world’s largest private equity investors has made an approach to buy Chemring, the FTSE 250 defence group, Sky News reportsGerman election live: Merz says priority is to make Europe independent from US on defence as coalition talks to beginShares in some European weapons makers are rising in early trading too.German tank maker Rheinmetall jumped 3% at the start of trading, while in London BAE Systems are up 1.7%.‘’A dose of more certainty has been injected into European politics, with the Germany’s Conservatives winning the elections. It comes at a crucial time for the continent. Three years on from the invasion of Ukraine, high stakes deal making between the US and Russia continues, Ukraine is out in the cold and the outcome will have huge implications for security in Europe.There is a dawning realisation that European nations will have to pull together and present a more united deterrent force, and Friedrich Merz, the CDU leader, is reading from that script. He has pled...

Economics

4 d. ago UK defence firm Chemring ‘targeted’ by private equity firm Bain Capital– business live

One of the world’s largest private equity investors has made an approach to buy Chemring, the FTSE 250 defence group, Sky News reportsGerman election live: Merz says priority is to make Europe independent from US on defence as coalition talks to beginShares in some European weapons makers are rising in early trading too.German tank maker Rheinmetall jumped 3% at the start of trading, while in London BAE Systems are up 1.7%.‘’A dose of more certainty has been injected into European politics, with the Germany’s Conservatives winning the elections. It comes at a crucial time for the continent. Three years on from the invasion of Ukraine, high stakes deal making between the US and Russia continues, Ukraine is out in the cold and the outcome will have huge implications for security in Europe.There is a dawning realisation that European nations will have to pull together and present a more united deterrent force, and Friedrich Merz, the CDU leader, is reading from that script. He has pled...

Economics

4 d. ago Deutsche Bank boss calls for ‘fundamental reforms’ from next government, as German business confidence stagnates – business live

Rolling coverage of the latest economic and financial news, as euro rallies and DAX and MDAX indices rise in early tradingGerman election live: Merz says priority is to make Europe independent from US on defence as coalition talks to beginShares in some European weapons makers are rising in early trading too.German tank maker Rheinmetall jumped 3% at the start of trading, while in London BAE Systems are up 1.7%.‘’A dose of more certainty has been injected into European politics, with the Germany’s Conservatives winning the elections. It comes at a crucial time for the continent. Three years on from the invasion of Ukraine, high stakes deal making between the US and Russia continues, Ukraine is out in the cold and the outcome will have huge implications for security in Europe.There is a dawning realisation that European nations will have to pull together and present a more united deterrent force, and Friedrich Merz, the CDU leader, is reading from that script. He has pledged to relax...

Economics

5 d. ago Fake bank notes scam caught on CCTV as pair target shops across Scotland

The two young men attempted to use the fake Bank of England £20 notes at the What Everyone Wants store in Hamilton, Scotland last week, and were caught on CCTV.

Events

7 d. ago Santander pulls mortgage deals from market just a week after being launched

Several banks introduced sub four percent mortgage deals after the Bank of England cut interest rates to 4.5 percent

Economics

8 d. ago HMRC issues £900 fine warning over tax returns after interest cut

HMRC has cut the interest rate on late payments in response to the Bank of England's recent base rate cut

Events

8 d. ago The climate crisis is a cost of living issue for Australia. My generation will be the first to pay for it | Anjali Sharma

Politicians have divorced the issue of global heating from soaring prices – Australians must take bold action at the ballot boxI love chocolate. It’s a staple of my diet. I don’t like that, at the best of times, it takes up maybe a fifth of my grocery budget.I also don’t like that as a country, we’ve been all too quick to blame rising food prices on inflation. We’ve quickly made inflation a priority for our policymakers, while the cost of living is the key issue of the upcoming election.Anjali Sharma was the lead litigant in Sharma v environment minister, the landmark court case against the then federal environment minister, Sussan Ley, which called for a duty of care to protect children against the impacts of the climate crisis Continue reading...

Economics

9 d. ago FTSE 100 slides after higher inflation dampens rate cut hopes

The rise caused City traders to reduce their bets on interest rates being cut later this year by the Bank of England.

Economics

9 d. ago HMRC warning as 1.1million UK taxpayers could be hit with £900 fine

The taxman has cut the interest rate on late payments in response to the Bank of England's recent base rate cut, which could provide some respite to 1.1 million customers

Economics

9 d. ago Warning issued to homeowners after UK inflation 'unexpectedly' rises

Mortgage holders are set to be affected by the surprise jump in inflation figures

Events

9 d. ago Popular bank with two million customers is making major change to savings today

The interest rate on its Chase Saver account currently used to track at 1.25% below the Bank of England base rate - but as of February 19, the Chase Saver now tracks 1.5% below

Economics

9 d. ago Sainsbury's and Tesco cut back on major schemes making prices cheaper as food inflation warning is sounded

A spokesperson for Sainsbury's told This is Money on Wednesday that, as of today, the number of items covered in the Aldi Price Match scheme was 606.

Events

9 d. ago What now for interest rates as school fees push UK inflation to 10

“If there was any doubt about what the Bank of England would do at its March interest rate meeting there isn’t now” – Nicholas Hyett, Wealth Club

Economics