Scant consolation for savers as banks cut accounts within hours of the Bank of England slashing the base rate By Sylvia Morris For The Daily Mail Published: 23:37 GMT, 17 March 2020 | Updated: 23:51 GMT, 17 March 2020 Banks and building societies have been quick off the mark to slash savings rates. Within hours … Read more
Those looking for regular savings accounts to shelter their money from the turbulence of the stock market will likely be settling for any port in a storm. However, the cash savings market has also been hit over the last 12 months, with rates on five-year fixed accounts paying less than what one-year fixed-rate ones did … Read more
Starling Bank slashes the interest rate it pays to in-credit current account customers by up to 90% Starling currently pays 0.5% on balances up to £2,000 and 0.25% above that From 18 May these rates will be cut to 0.05% Starling blamed the Bank of England’s emergency base rate cut Could others like Nationwide and … Read more
The US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in another emergency move to help shore up the US economy amid the rapidly escalating global coronavirus pandemic. In a statement, the central bank said it was cutting rates to a target range of 0% to 0.25%. … Read more
The US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in another emergency move to help shore up the US economy amid the rapidly escalating global coronavirus pandemic. In a statement, the central bank said it was cutting rates by to a target range of 0% to … Read more
Deforestation rates in the Amazon hit a new high in the first two months of 2020 with 181 square miles lost despite heavy seasonal rains, which experts blame on illegal logging operations Satellite data from Brazil’s space agency show deforestation increasing in 2020 The Amazon lost 181 square miles of rain forest in January and … Read more
Banks and building societies have already started slashing rates on some of the best savings deals, just two days after the Bank of England announced an emergency base rate cut to 0.25 per cent. Three of the seven highest-paying easy-access accounts have either been pulled from sale or seen their rates cut, while some of … Read more
ECB fires a blank: Shares go further into freefall after Lagarde says ‘non’ to rate cut By Ruth Sunderland Business Editor For The Daily Mail Published: 23:07 GMT, 12 March 2020 | Updated: 00:24 GMT, 13 March 2020 Christine Lagarde, president of the European Central Bank, dashed hopes of an interest rate cut to fight … Read more
Bank fires up £290bn virus fighting fund: Interest rates are cut to record low of 0.25% By Lucy White For The Daily Mail Published: 21:51 GMT, 11 March 2020 | Updated: 21:51 GMT, 11 March 2020 The Bank of England led a double-barrelled response to the coronavirus crisis as it unveiled an emergency package to … Read more
Chancellor Sunak urged to reform archaic business rates to ease coronavirus chaos By Tom Witherow For The Daily Mail Published: 21:50 GMT, 9 March 2020 | Updated: 21:50 GMT, 9 March 2020 The Chancellor is under mounting pressure to reform the ‘archaic’ business rates system when he delivers his first Budget tomorrow amid the coronavirus … Read more