BRITSTOL’S first-time buyers have been named the savviest in the UK, making the most of a savings-boosting account to step onto the property ladder. Customer data from Moneybox reveals that the West Country city leads the way in utilising the Lifetime ISA (LISA) to buy a first home – which encourages 18-39 years olds to
Savers are set to see big reductions on the amounts they earn in interest from their cash after Thursday’s Bank of England base rate cut, experts have warned. The Bank of England has slashed the rate from 4.75 per cent to 4.5 per cent. Returns on savings tend to fall as the base rate does.
It is widely expected that there will be a 0.25 percentage point cut at the Bank of England’s first Monetary Policy Committee of the year The Bank of England is expected to cut interest rates from 4.75 per cent to 4.5 per cent when its Monetary Policy Committee (MPC) meets on Thursday. The MPC can
FEBRUARY is nearing, and there are some major money changes on the way. A new alcohol tax regime is coming into effect while a key Warm Home Discount date will land during the month. 1 We’ve rounded up the big money changes coming in FebruaryCredit: Getty Plus, a big change to eBay fees and a
Despite experts predicting inflation will rise over 2025, December’s figure fell to 2.5 per cent Inflation fell to 2.5 per cent, according to figures released by the Office for National Statistics (ONS) on Wednesday. This is down from November’s level of 2.6 per cent despite experts predicting it would hold at this level, if not
A MAJOR shake up to mortgage rules could help first time buyers get on the property ladder more easily. Banks could be encouraged to offer more loans to people with smaller deposits and loosen limits on how much they can borrow. 1 It is understood that financial regulators are looking at ways to relax mortgage
The Bank of England began raising rates in December 2021 and market rates jumped again with the mini-Budget in September 2022. As a result, funds were forced to sell off bonds to free up cash, worsening the jump in government borrowing costs and setting off a vicious spiral which was only defused when the Bank launched
GOLD prices hit a new high this week, which has meant investors are now racing to buy the precious metal. The price of gold hit a fresh record of $2,531.60 (£1,943.83) an ounce on Tuesday afternoon after rising by a hefty 1% during the day. 1 The price of gold has risen drastically over the