Will the best savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05% RCI Bank – which funds Renault car finance deals – followed Marcus Bank The Goldman Sachs-backed bank cut its easy-access rate to 1.05% on Tuesday Ford Money pulled a … Read more
The cost of living is likely to keep easing up as Britain’s economy falters, according to economists tracking the financial toll of the coronavirus pandemic. Inflation could fall to 0.5 per cent over the summer, Howard Archer, chief economist at the EY Item Club, claims. This is well below the Government’s 2 per cent target. … Read more
A switch away from a flawed measure of inflation as early as 2025 would leave BT needing to fill a £1.7billion hole in its pension fund, a senior executive has said. Morten Nilsson, the chief executive of the BT pension fund, Britain’s largest private sector scheme with close to 300,000 members, said switching billions of … Read more
Gin in a tin and reusable bottles added to the inflation shopping basket thanks partly to David Attenborough and Fleabag Some 16 items were added to inflation ‘shopping basket’ this year These included gluten-free cereals, canned spirits, veg crisps and crumpets 14 were axed, including fruit pies, frozen lamb and overdraft charges ONS said the … Read more