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

8 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

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

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

2 w. ago Reeves eyes Gulf trade pact as ‘next deal,’ Bank of England’s Pill says pace of interest rate cuts ‘too rapid’ – business live

China and Australia cut interest rates; Shell faces protests calling for clean-up in Niger DeltaHere’s our full story on Greggs.Sales at Greggs have picked up after the UK’s biggest bakery chain branched out into iced drinks, pizza boxes and a macaroni cheese that has gone viral on social media.These are important issues and we respect the right of people to express their view. But for many years the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs.These challenges are managed by a joint venture which Shell’s former Nigerian subsidiary, SPDC, operated, cleaning up every spill from the joint venture’s facilities. Continue reading...

Economics

2 w. ago Reeves eyes Gulf trade pact as UK government’s ‘next deal’ after EU summit – business live

China’s and Australia’s central banks cut interest ratesRachel Reeves said the UK government is closing in on a trade pact with six Gulf nations, including Qatar and Saudi Arabia, as its next major deal.The chancellor told the BBC the agreement would be the government’s “next deal” as it looks to boost trade ties following Brexit.Britain is in a better place than any other country in the world in terms of deals with those countries.The first deal and the best deal so far with the US, we’ve got the best deal with the EU for any country outside the EU, and we’ve got the best trade agreement with India.We are not going to litigate old arguments, we are going to go forward in the spirit of what we do together, we do better.This deal will mean Britain becoming a rule-taker, accepting dynamic alignment, giving up fishing rights and paying new money to the EU. Nobody has lost more than the fishermen. Continue reading...

Politics

2 w. ago County council warned over lack of road safety after woman, 91, drove into canal

Doreen Turner died on the evening of November 1 last year after her car went into the canal in Chichester, west Sussex.

Events

2 w. ago Bank of England explores ways to loosen ringfencing rules for UK banks

Regulations intended to prevent a repeat of bailouts after 2008 crisis

Politics

2 w. ago ‘I feel free’: the people who quit office jobs for the great outdoors – and would never go back

Fed up with being inside all day? Missing fresh air and nature? Five people who ditched their desks reveal the truth about their new livesSteve Kell, 59, countryside ranger, Warwickshire Country Parks I always loved being in nature. But I didn’t know what I wanted to do when I was 18, so I got a job at a high-street bank. My grandfather was made up – he was convinced I was going to be the governor of the Bank of England. But over the years I became disenchanted. Then, in my early 30s, I was diagnosed with testicular cancer and had to take months off work. I couldn’t help thinking about how finite life is. I decided I wanted to do something I really enjoyed. Continue reading...

Society