Tag: Bank of England
World
Martin Lewis gives serious warning to people holding £8,000 in their bank account
Martin Lewis has included new tips to assist consumers maximise their financial resources during interest rate increases.According to The Money Saving Expert, rates for...
World
Bank of England increases interest rates to highest level in fifteen years
The Bank of England has increased interest rates for the thirteenth time in a row as Britain's inflation rate remains persistently high.The rate was...
World
UK mortgage rates likely to rise for some homeowners
On Thursday, the Bank of England is anticipated to increase interest rates from 4.5% to 4.75% as part of its efforts to curb inflation.UK's...
News
It is illegal to take money out of a deceased person’s account to pay for funeral expenses – Lawyer
A private attorney, Albert Gyamfi, has stated that taking money from a deceased person's bank account to pay for their funeral is illegal...
World
Interest rates anticipated to increase to 4.25%
Following Wednesday's unexpected increase in inflation, the Bank of England is predicted to increase interest rates for the eleventh time in less than 18...
News
Credit Suisse emergency loan sparks banking fears
In order to strengthen its finances, Credit Suisse has announced that it will borrow up to 50 billion Swiss francs (£44.5 billion) from the...
World
King Charles banknotes unveiled in UK
The Bank of England has unveiled the new design for banknotes that feature the image of King Charles.The only change to the current designs...
Business
No cause to rejoice: UK economy returns to growth in October, but recession still lingers
As the impact of the Queen's funeral continues to play out in UK growth figures, there is no reason to rejoice.According to preliminary official...
World
UK ‘not as wealthy as a nation at it thought it would have been in 2020’
The UK is "not as wealthy a nation as it thought it would have been in 2020", Sky's economics and data editor Ed Conway has...
World
Wages rise by more than expected but unemployment also grows, Office for National Statistics figures show
The latest wage figures will likely concern policymakers at the Bank of England who fear increases will fuel inflation further down the line.
Wage growth...
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