The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss CFO Ewen Stevenson predicts the base rate could start moving from mid-2022 The raise in interest rates would be welcomed by long-suffering savers The Bank of England slashed interest rates to a record low of 0.1% … Read more
Halifax has launched the latest offensive in the mortgage price war, and is now offering a home loan with a record ultra-low rate of 0.9 per cent. The bank, which is part of the UK’s largest mortgage lender Lloyds Banking Group, has also brought out several other deals aimed at home movers with plenty of … Read more
Next to return £29m in business rates relief as sales soar after lockdown beyond pre-pandemic levels By Matt Oliver For The Daily Mail Published: 17:01 EDT, 21 July 2021 | Updated: 17:01 EDT, 21 July 2021 Next is handing back £29million in business rates relief after the easing of lockdown restrictions led to blowout sales. … Read more
Fixed rate savings deals are on average paying the highest returns seen since December 2020, suggesting they are heading in the right direction. Average fixed rates rose monthly for the first time since October 2020, according to Moneyfacts, while choice grew to the highest number seen this year. The average fixed-rate one year bond rose … Read more
Record low rates hit mortgage market: TSB and HSBC both launch two-year fixed deals at just 0.94% (but beware the hefty fees) By Ben Wilkinson for the Daily Mail Published: 22:00 BST, 6 July 2021 | Updated: 22:00 BST, 6 July 2021 Lenders are enticing borrowers with the lowest mortgage rates on record. TSB and … Read more
Savers paying the price for loyalty: High Street banks paying lowest rates on easy-access account By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 22 June 2021 | Updated: 22:01 BST, 22 June 2021 Savers are missing out by sticking to High Street banks for their easy-access savings. They have £927 billion in … Read more
US Federal Reserve signals plans to hike interest rates to cool rising inflation By Matt Oliver For The Daily Mail Published: 21:50 BST, 16 June 2021 | Updated: 21:50 BST, 16 June 2021 The US Federal Reserve last night signalled plans to speed up interest rate hikes amid rising inflation. After a two-day meeting, the … Read more
A quarter of Britons have less than £500 saved despite a recent surge in people tucking cash away in the pandemic Some 13% of UK adults have no savings at all whilst 26% have less than £500 The figures indicate a widening of the financial wellbeing gap Many adults are saving less as spend more … Read more
A quarter of Britons have less than £500 saved despite a recent surge in people tucking cash away in the pandemic Some 13% of UK adults have no savings at all whilst 26% have less than £500 The figures indicate a widening of the financial wellbeing gap Many adults are saving less as spend more … Read more
More than 700,000 savers could be paying too much tax after interest rates plunged to record lows. It is yet another blow for beleaguered savers already struggling to earn an income from their nest eggs. And long delays at HM Revenue & Customs (HMRC) means anyone attempting to correct their tax code and claw back … Read more