8 h. ago The savings accounts with good rates but sneaky traps if you want your money: SYLVIA MORRIS

Picking an easy access account with a good rate of interest is not easy when you need to watch out for all the catches...

Economics

9 h. ago The savings accounts with good interest rates from banks desperate to get you to sign up... but beware of the sneaky tricks that could leave you trapped: SYLVIA MORRIS

Picking an easy access account with a good rate of interest is not easy when you need to watch out for all the catches...

Economics

11 h. ago Bank of England to hold rates this quarter and resume cutting early 2026

Bank of England to hold rates this quarter and resume cutting early 2026  Reuters

Politics

26 h. ago First banker jailed over Libor interest rate rigging to sue UBS for $400m

Tom Hayes claims he was ‘hand-picked scapegoat’ for the Swiss bank as it tried to avoid regulatory scrutinyTom Hayes, the first banker jailed over Libor interest rate rigging, is suing his former employer UBS for $400m (£300m), claiming he was a “hand-picked scapegoat” for the Swiss bank as it tried to avoid regulatory scrutiny.The claim, which was publicly filed in a US court in Connecticut on Monday, alleges that UBS misled US authorities and called him an “evil mastermind” behind the alleged Libor scandal, in order to protect senior executives and minimise fines. Continue reading...

Economics

30 h. ago Martin Lewis: Money Saving Expert's best packaged bank accounts

Packaged bank accounts could save you money – but some people should avoid them 💰

Economics

5 d. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

5 d. ago Two major banks CUT mortgage rates as lower inflation gives borrowers glimmer of hope

Two major banks have cut their their mortgage rates on news interest rates could now fall faster than expected.

Economics

5 d. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits fresh record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

5 d. ago UK manufacturers hit by largest drop in orders since 2020; Oil price jumps after Rosneft and Lukoil sanctioned – business live

British manufacturers see the weakest prospects for orders since Covid-19 pandemic, CBI reports, after demand weakened in last three monthsYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, ...

Economics

7 d. ago High street banks found to offer worse interest rates as new 4.75% account hits market

Savers should look around to ensure they’re earning a good rate on their cash as inflation hits 4%

Economics

9 d. ago Make basil grow 'bigger leaves' in just 5 seconds by doing 'once a week' task

Basil is a popular herb that is easy to grow, but it can be tricky to keep it healthy and produce big, lush leaves

Politics

1 week ago Brexit impact on UK economy will be negative for foreseeable future, Bailey warns

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

Events

1 week ago Brexit impact on UK economy ‘negative for foreseeable future,’ Bailey says

The Bank of England governor, speaking at the G30 International Banking Seminar, highlighted a decline in the UK’s potential growth rate.

Politics

1 week ago Top Bank of England economist dents hopes of interest rate cuts due to 'stubborn' inflation

Chief economist Huw Pill said rates will probably need to be cut more slowly. The warning came with inflation in the UK the highest in the G7 at 3.8 per cent.

Economics

1 week ago Bank of England’s top economist calls for ‘more cautious’ interest rate cuts

Huw Pill, chief economist at the Bank, said in a speech in London that he ‘would expect further cuts’ in the coming year.

Economics

1 week ago Stock markets hit by US regional bank worries and trade tensions – business live

Rolling coverage of the latest economic and financial newsFears are swirling today that we could be facing a repeat of the US regional banking crisis of 2023.That episode led to the demise of US bank SVB and then Europe’s Credit Suisse.An initially positive risk mood turned during the US session yesterday after news that Zions Bancorp (-13.14%) made a $50m charge-off while Western Alliance (-10.81%) alleged it also suffered from fraud on loans to the same borrowers linked to distressed commercial mortgages.While this was an ostensibly isolated story at two banks each less than $10bn market cap, the event drew inevitable comparisons to the regional bank stress that followed the collapse of SVB in March 2023 and raised broader questions over potential credit quality issues after a lengthy period of elevated rates and expansion in private credit, following also the bankruptcy of subprime auto lender Tricolor last month. Continue reading...

Economics

2 w. ago Fresh fears for homeowners and buyers as mortgage rates creep back up

Average two and five-year fixed mortgage rates have risen for the first time in months

Economics

2 w. ago Worry for homeowners as average mortgage rates rise for first time since February

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

Politics

2 w. ago Average mortgage rates rise for the first time since February

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

Politics

2 w. ago Frenkie de Jong gives Man Utd final answer after Old Trafford chiefs made transfer trip

Manchester United were desperate to sign Frenkie de Jong in 2022 after then-manager Erik ten Hag made him his No.1 transfer target, but he's always preferred to stay at Barcelona

Sport