4 h. ago Got a savings account with one of these Big Five banks? Why you must move your money NOW: SYLVIA MORRIS

Leaving your cash in one of the most popular easy-access accounts was a bad idea - but it's about to get a lot worse.

Economics

4 h. ago Do you have a savers account with one of these Big 5 banks? This is why you must move your money NOW: SYLVIA MORRIS

Leaving your cash in one of the most popular easy-access accounts was a bad idea - but it's about to get a lot worse.

Economics

5 h. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rates cut

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy. He posted a hand-scrawled note on his Truth Social platform on Monday, saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

5 h. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy, and on Monday posted a hand-scrawled note on his Truth Social platform saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

5 h. ago Best savings accounts in July to earn on your money before expected interest rates cut this summer

Inflation is still well above 3 per cent so make sure your interest rate is plenty above that level

Economics

6 h. ago Fed chair Jerome Powell blames Trump tariffs for failure to cut US interest rates this year – business live

Rolling coverage of the latest economic and financial newsUS dollar has worst first half in more than 50 years amid Trump tariffsSainsbury’s has recorded its strongest growth since last summer after its Argos chain recorded a big step up in sales as shoppers sought out paddling pools and fans during recent hot weather.The retail group said Argos, its catalogue shop, was able to achieve growth of 4.4% in the three months to 21 June, up from 1.9% in the previous quarter. Comparable group sales, excluding fuel, rose 4.7% on a year earlier.Companies have now expanded production slightly for the fourth month in a row, order intake has ceased to fall, and slightly longer delivery times also indicate that demand is picking up a bit.Against the backdrop of numerous uncertainties - US tariffs, the crisis in the Middle East, and Russia’s ongoing war against Ukraine - this can certainly be seen as a sign of resilience. Continue reading...

Politics

28 h. ago Four shares that can crush the returns on Premium Bonds and deliver up to 8% dividend income: MIDAS SHARE TIPS

Is Ernie letting you down? The Premium Bond-picking robot will cut his 'prize fund rate' to just 3.6 per cent in August, meaning for many of us it is time to look elsewhere.

Politics

4 d. ago Reeves expected to freeze income tax thresholds to raise funds after welfare U

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budgetRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growing budget hole.The chancellor was already facing pressure to backtrack on pledges not to increase taxes further as she attempted to fix public services and grow the economy while meeting her fiscal rules. Continue reading...

Economics

4 d. ago Reeves expected to freeze income tax thresholds to raise fresh funds

Government’s U-turn on welfare cuts leaves chancellor with a growing hole in her budgetBusiness live – latest updatesRachel Reeves is expected to extend a freeze on income tax thresholds to raise fresh funds after the government’s U-turn on welfare cuts left her with a growing budget hole.The chancellor was already facing pressure to backtrack on pledges not to increase taxes further as she attempted to fix public services and grow the economy while meeting her fiscal rules. Continue reading...

Economics

4 d. ago Martin Lewis makes urgent credit card plea to Brits on holiday

You could end up paying out a lot more than you would expect while abroad, Money Saving Expert Martin Lewis has warned in a new update to holidaymakers

Politics

7 d. ago Fed chair Powell insists there’s no rush to cut US interest rates, despite Trump criticism – business live

Oil has fallen to its lowest level since June’s conflict began, while stock markets have jumped across Asia and EuropeOil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Politics

7 d. ago Premium Bonds prize fund rate will be cut from August, NS&I announces

One finance expert said the ‘writing has been on the wall’ for Premium Bond prizes since a recent Bank of England base rate cut.

Politics

8 d. ago New call to cut income tax rate in half for people earning under £50,000

An online petition is also urging the UK Government to increase the Personal Allowance to £15,000.

Economics

9 d. ago Lennon Miller transfer truth outs as Celtic and dizzying list of signing suitors hear it straight

Interest in the Fir Park star is growing at home and abroad with a big money exit expected this summer.

Politics

1 week ago Interest rates held at 4.25% but with three votes for a cut: What it means for your mortgage and savings

The Bank of England has held interest rates at 4.25% as it continues to tread carefully amid fears of resurgent inflation.

Politics

1 week ago Swiss cut key interest rate by a quarter percentage point, putting its target now at 0%

Switzerland’s central bank says it has cut its target interest rate by a quarter of a percentage point, adding inflationary pressures have eased

Events

1 week ago UK interest rates expected to remain on hold; rate cuts in Norway, Switzerland and the Philippines – business live

Central bankers warn that trade war worries, and conflict in the Middle East, could hurt growthNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of a deceleratio...

Politics

1 week ago Bank of England expected to leave interest rates on hold as Middle East conflict pushes up oil price – business live

Rolling coverage of the latest economic and financial news, as Switzerland and Philippines cut interest ratesNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of...

Economics

1 week ago Will interest rates be cut today? The key factors for the Bank of England and 2025 predictions

Analysts expect a split vote at the MPC’s meeting on 19 June

Politics

1 week ago Stagflation warning as Fed resists Trump's pressure and holds interest rates

The US Federal Reserve, led by Chairman Jay Powell (pictured), left rates at a range of 4.25-4.5% as it cut its forecasts for economic growth.

Events