THE Bank of England has decided to keep interest rates unchanged, delivering a blow to homeowners hoping for help with mortgage bills. At today’s meeting of the Monetary Policy Committee (MPC), the Bank of England‘s rate-setters voted to maintain the base rate at 4.5%. Lenders use the base rate to determine the interest rates offered to customers
FRESH figures published this morning have revealed how much councils have been allocated from a giant fund. The Household Support Fund, which has been shared between councils in England, is worth £742million. Councils can then share their allocation between residents in need in the shape of free cash payments or supermarket vouchers. The current round,
BRITAIN’S economic growth fell unexpectedly in the first month of this year. The Office for National Statistics (ONS) said Gross Domestic Product (GDP) edged down by 0.1% in January. 1 The latest GDP figures show the economy fell by 0.1% in January Economists had forecast gross domestic product (GDP) to rise by 0.1% in the
A ‘GIANT’ made up two thousand fake bank notes has appeared in Canary Wharf – in a warning to Brits about ‘sleeping savings’. Made from recycled polystyrene and weighing more than a ton, the installation was created to highlight that more than £1.3 trillion of UK savings is sitting in low interest savings accounts earning
MARCH will see some major money changes including a key tweak to benefits, train fare hikes and the Chancellor’s Spring Budget. There are also a number of deadlines coming up, including the end of the current round of the Household Support Fund and the last day to complete on a house purchase if you’re looking
A HIGH street bank with three million customers has issued a major update for anyone with a loan. Metro Bank has agreed the sale of its £584million portfolio of personal loans. 1 The bank has ceased offering unsecured personal loans to new customers back in 2023Credit: Rex The high street bank said the sale of the unsecured
STARLING customers should act now to avoid missing out on free cash as the bank axes a key feature from its accounts. From today, the bank will no longer pay interest to customers whose current accounts are in credit. 1 Starling Bank is due to make a big change that could see customers missing outCredit:
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
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