242 results for "bank"

July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks....

Are you feeling the pinch from rising cost of living? If so, consider that you are not alone. The government made the Household Support Fund to help with money for...

Prime Minister Rishi Sunak's aspirations for a pre-election cut in the Bank of England's base rate are in danger of being dashed on Thursday. On Thursday, the Bank's Monetary Policy...

Thousands of low-income households can receive a £250 free cash gift to help with the cost of living. The government's Household Support Fund provides monetary assistance that can be used...

The Department for Work and Pensions (DWP) said it has been reviewing thousands of pensioners' bank statements following a significant increase in fraud. Pension Credit Overpayments Surge to £520 Million,...

On Thursday, the European Central Bank (ECB) confirmed an anticipated interest rate cut, despite persistent inflationary pressures in the 20-member eurozone. The decision brings the central bank's key rate down...

The Department for Work and Pensions (DWP) has released a report on its plans to keep an eye on people's bank accounts. The UK's 15 largest banks are expected to...

Under a new Tory Party plan, state pensioners will notice an extra £100 in their bank accounts, and that's "just the start." State Pensioners Set to Receive £100 Boost Under...

Thousands of UK bank account holders are expected to receive a few hundred pounds for free as high-street banks compete for clients. Switch promotions for current accounts provide incentives of up...

People receiving state benefits may receive their payments earlier than usual due to next week's bank holiday. Department for Work and Pensions (DWP) said that all Jobcentre Plus offices and...

The Met Office has issued a thunderstorm warning today, indicating the risk of flash flooding and travel disruption later today. The yellow weather warning covers parts of south-west England, Wales...

With a 4.9 percent rise from the year prior, the UK's green taxes revenue in 2023 was £52.5 billion, nearly returning to the pre-pandemic state. The rate of corporation tax...

Banks are increasing mortgage rates at the same time as reducing savings offers, regardless of the central bank's interest rate freeze, which has persisted for several months. Many lenders have...

British Retail Bank TSB is to cut 250 jobs and close 36 branches. The job cuts will affect the bank's fraud operations, central operations and staff in branches scheduled for...

Borrowers expecting costs to come down will have to wait longer, as Bank of England governors are poised to wait for more compelling indications that the cost-of-living crisis has eased....

Millions of non-benefit claimants are noticing an additional £57 in their account balances. This is due to reductions in National Insurance, the tax paid by working people, which allows households...

According to the Trades Union Congress, many average UK workers have seen £200 vanish from their bank accounts.  Average UK Workers Experience Real Wage Decline, Criticisms of Conservative Policies Arise...

Amidst the introduction of a new UK driving reform, recent analysis highlights a concerning trend: the average cost of car insurance in the UK has surged by one-third within a...

The Bank of England is facing increasing Tory pressure for interest rate reduction ahead of the scheduled May rate-setting meeting, driving economists to caution that politicians should not interfere with...

The forthcoming bank holiday could cause serious disruption at one of the world's busiest airports, Heathrow. The Unite union has announced plans for major strikes, which could result in grounded,...

NatWest Bank is moving swiftly to increase the monthly fees associated with several of its packaged bank accounts. Customers will potentially have to pay an extra £60 a year. New...

Coventry Building Society has reached a preliminary deal to purchase The Co-operative Bank in a transaction valued at £780 million. This monumental acquisition will enable the Co-operative Bank, which is...

The governor of the Bank of England has indicated that the UK is still on track for an interest rate cut, as official numbers show a further slowing in the...

The clock is ticking and the last opportunity to grab yourself a £175 bank switching bonus from First Direct will soon be gone. Only a few days remain, and you...

According to data released on Tuesday, the UK job market lost a little more of its inflationary heat, which gave the Bank of England some respite. However, persistent underlying issues...

Thousands of households are expected to receive their portion of a £421 million UK bank boost intended to assist with basic expenses. UK Bank Boost: Government Expands Household Support Fund...

The Bank of England base rate is set to fall, offering some good news for UK homeowners with tracker mortgages. This could mean a potential monthly saving of £300 by...

The Bank of England will soon cut interest rates to 3% in a move to support mortgage borrowers as inflation declines sharply, according to senior economists from KPMG. The Bank...

Policymakers at the Bank of England kept interest rates on hold at 5.25% for the fifth consecutive time, despite a fall in inflation. The Bank of England Keeps Interest Rates...

The Bank of England has been called to intensify efforts to bring the finance industry into line with the UK's climate targets. Prominent Economists and Advocacy Organizations Urge Bank of...

The British public's estimates for the rate of inflation over the next year have declined in the previous three months, according to a Bank of England survey released on Friday,...

According to the Bank of England, the level of outstanding mortgage balances with arrears surged by over 50% in 2023's fourth quarter in comparison with a year earlier. Bank of...

The Bank of England's chief economist recently emphasized that a cut in UK interest rates is not on the immediate horizon. Huw Pill's Cautionary Notes on UK Economy and Potential...

In a major move from the Bank of England, Clare Lombardelli has been appointed Deputy Governor of Monetary Policy (DGMP), succeeding Ben Broadbent. Approved by His Majesty the King, Clare...

The most influential banks globally are expressing scepticism about the Bank of England's macroeconomic assessment. A concerning proportion believes that the Monetary Policy Committee has misinterpreted global developments and is...

In a digital age where cryptocurrencies continue to stir debate, the reception to a recent European Central Bank (ECB) blog post critiquing Bitcoin has been notably contentious. As of today,...

In a cautionary note, Swati Dhningra, a policymaker at the Bank of England, has expressed concerns about the potential consequences of delaying interest rate cuts until inflation further subsides. Dhingra...

The Bank of England's official announcement solidifies the introduction of banknotes adorned with the likeness of King Charles III, slated for release on June 5th. In a directive aimed at...

Indicating a positive turn in its economic trajectory, Britain exhibits signs of recovery following a mild recession, as affirmed by the Bank of England governor. The anticipation of a forthcoming...

The Bank of England faces the peril of exacerbating the UK's recession unless it promptly reduces interest rates to alleviate the strain on households grappling with the relentless cost of...

The situation facing Bank of England rate setters became more complex today as official data revealed that wages had increased more than expected by the end of 2023. This unexpected...

Addressing inflation requires sacrifices from UK workers, including accepting reduced income deals, and necessitates organizations to regulate their profits. This cautionary stance is emphasized by a Bank of England official,...

Economists, including those at the National Institute of Economic and Social Research (NIESR), warn that the Bank of England's reluctance to share its plans for interest rate cuts may lead...

Central banks must ensure they have fully addressed inflation concerns before considering interest rate cuts this year, according to the Organization for Economic Co-operation and Development (OECD). Despite revising its...

A cross-party coalition of Members of Parliament is urging ministers to promptly allocate £4 billion to bolster English town hall budgets. This call for action aims to avert an imminent...

Analysts are increasingly noting the Bank of England's likely recognition of the unexpected progress in curbing inflation. However, the central bank remains hesitant about initiating interest rate cuts. The Bank...

On Thursday, the European Central Bank decided to maintain its current interest rates, emphasizing a commitment to keeping them elevated for an extended period. The central bank's primary objective is...

In a surprising move, Pan Gongsheng, the Governor of the People's Bank of China, announced that the country is planning to reduce the reserve requirement bank ratio in early February...

Recently, a major problem came to light. More than 577,000 parents in the UK experienced financial problems. Because of an error, they failed to receive their usual child benefit from...

Parents often try to juggle the demands of everyday life while keeping their young ones happy and vigorous. For some, help such as Universal Credit, Income Support and Child Tax...