6 d. ago Interest rates live: Boost for mortgage holders as Bank of England cuts rate for third time this year

Monetary Policy Committee members have voted on a cut down to 4 per cent which will hamper savings but boost the mortgage market

Economics

6 d. ago Bank of England cuts interest rates for fifth time in a year to 4% despite inflation fears: Live updates

LIVE UPDATES: Follow live updates as the Bank of England reveals the new interest rate with many expecting a third cut this year despite fears of lingering inflation.

Economics

6 d. ago Bank of England poised to cut interest rates for fifth time in a year despite fears over sluggish UK economy: Live updates

LIVE UPDATES: Follow live updates as the Bank of England reveals the new interest rate with many expecting a third cut this year despite fears of lingering inflation.

Economics

6 d. ago Interest rates live: Rate cut expected by Bank of England despite inflation and Trump tariffs

Monetary Policy Committee members are likely to vote on a cut down to 4 per cent which will hamper savings but boost the mortgage market

Economics

6 d. ago Interest rates live: Bank of England expected to cut rate for third time this year

Monetary Policy Committee updates and latest business and finance news from Thursday

Politics

6 d. ago Savers with £10,000 told to act today over £300 Bank of England change

The Bank of England is expected to cut interest rates to four per cent on Thursday, February 26 - and experts are warning that it could mean a loss of £300 for savers

Economics

7 d. ago Martin Lewis urges NatWest, Nationwide and Lloyds customers 'take action this week'

The UK is expected to see another Bank of England rate cut on Thursday, and it could be bad news for savers with the likes of Nationwide, Lloyds and NatWest

Economics

7 d. ago UK construction activity shrinks by most in five years as housebuilding falls – business live

Rolling coverage of the latest economic and financial newsOpenAI takes on Meta and DeepSeek with free and customisable AI modelsThe contraction in UK construction last month is another reason for the Bank of England to consider cutting interest rates at noon tomorrow.A rate cut, from 4.25% to 4%, is already widely expected – it’ s a 95% chance, according to the City money markets this morning.“The Bank of England is widely expected to cut rates this week in what is likely to be a complex decision as the MPC weighs weak growth, sticky inflation, and a looming fiscal tightening.While markets are pricing in a 0.25% cut, attention will centre on the voting split – particularly how many members vote for a 0.5% move or prefer to hold. Continue reading...

Society

8 d. ago Your savings are not safe. These are the nasty tricks providers are using to catch you out

The Bank of England is widely expected to cut the base rate by 0.25 percentage points to 4 per cent tomorrow, the lowest rate since March 2023.

Politics

3 w. ago UK payrolls down by 178,000 over last year; Bundesbank chief defends central bank independence after Trump’s attacks on Powell – business live

UK company payrolls have fallen by 178,000 in last year, pushing unemployment rate to four-year highAnalysis: The rise in unemployment shows the UK jobs market is cooling, but it is not collapsingDeutsche Bank’s chief UK economist Sanjay Raja agrees that the UK’s labour market is continuing to cool, with both payrolls and vacancies down.Raja explains:Redundancies remain elevated with the May data showing a 114k increase in the three months to May – its highest level in three months. Jobs demand remains weak as hiring plans are near a standstill.This will continue to see unemployment rise – but we think this will be a slow grind higher as opposed to a whipsaw higher. For the MPC, despite the bump higher in inflation, the loosening in labour market should give the BoE reason to proceed with a gradual dial down of restrictive policy.The fallout in the labour market from the hikes in National Insurance Contributions and the minimum wage is not as big as previously thought. Even so, as p...

Economics

last month Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – business live

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.Donald Trump’s threat to impose a 30% on European Union imports from next month is weighing on European stock markets this morning.Most of Europe’s markets have dropped at the start of trading, pulling the pan-European Stoxx 600 index down by 0.6%.Inadvertently or otherwise the President is testing the market’s patience. At a time when investors had seemingly brushed aside the likelihood of the base line of tariffs settling at 10%, the new pronouncements suggest a level of between 15% and 20% being the norm, with additionally punitive numbers on the likes of Canada at 35% adding to the uncertainty.The so-called “TACO” trade will therefore be tested again, with markets drifting in the US on Friday and futures currently suggesting a similar fall today. In addition, and as the new 1 August extension approaches, nerves are likely to jangle. Continue readi...

Economics