Bank of England

The Bank of England has eased bank capital rules for the first time since 2008. Here's what it means for borrowing, savings and the wider economy.

David Unyime Nkanta Dec 02, 2025

The standard deposit protection limit covered Financial Services Compensation Scheme will increase in December for the first time since it was set eight years ago.

Frederick Marvin Lumba Nov 18, 2025

The FTSE 100 is nearing the landmark 10,000-point level for the first time, fuelled by AI-driven stocks and investor optimism, even as political tensions test market resilience.

David Unyime Nkanta Nov 12, 2025

The UK's rising unemployment rate and stubborn inflation suggest the Bank of England may cut interest rates in December, amid economic uncertainty.

Angelo dela Dingco Nov 12, 2025

US tech layoffs hit a 20-year high, raising fears of a bubble bursting that could impact the UK economy. Experts warn of potential spillovers and market risks.

Will Lorca Nov 07, 2025

The Bank of England's rate hold creates winners and losers among UK mortgage borrowers, as lenders cut fixed rates but tracker customers miss out on immediate relief.

Jim Manzon Nov 07, 2025

Major UK lenders have cut mortgage rates ahead of the Bank of England's upcoming decision, igniting a competitive mortgage market just days before the MPC meeting.

Angelo dela Dingco Nov 05, 2025

UK inflation held at 3.8% in September as core eased to 3.5%, gilt yields fell, and attention turned to Rachel Reeves's 26 November Budget and the fiscal trade-offs ahead.

David Unyime Nkanta Oct 22, 2025

JPMorgan CEO Jamie Dimon warns of a possible 2026 recession, challenging Wall Street's optimism despite strong US GDP growth and low unemployment. His remarks spotlight inflation, geopolitics, and fiscal instability as potential triggers.

David Unyime Nkanta Oct 09, 2025

UK bank shares fell after IPPR proposed a 'QE reserves income levy' that could raise about £8bn a year by taxing windfalls from Bank of England reserves, reviving a Thatcher-era idea and sparking warnings from lenders about growth and competitiveness.

Teddy Cambosa Aug 29, 2025

The Bank of England has cut interest rates to 4% for the first time since 2023, signalling relief for borrowers but uncertainty ahead amid persistent inflation and slow growth.

David Unyime Nkanta Aug 07, 2025

The Capital on Tap business credit card charges no annual or forex/ATM fees, offers a 42-day interest-free period, APRs starting at 15.22%, and 1% cashback on all business spending.

Niloy Chakrabarti Aug 30, 2024

Avon Products Inc. is declaring bankruptcy in the face of numerous lawsuits claiming that the talcum powder in its products causes cancer.

Danielle Summer Aug 15, 2024

Polling shows Britons place the economy at the top of the list of priorities and the UK government will need to address the public's concerns.

Daniel Elliot May 16, 2024

While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.

Pragati Singh Feb 20, 2024

The new data, derived from experimental results within the Labour Force Survey, could potentially exert pressure on the Bank of England to reconsider any immediate plans for interest rate cuts.

Pragati Singh Feb 07, 2024

With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.

Danielle Summer Jan 24, 2024

A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.

Pragati Singh Jan 22, 2024

The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.

Pragati Singh Jan 18, 2024

The Office For National Statistics reports that the annual rate of growth in earnings, including annual bonuses, has slowed to 6.5 per cent.

Danielle Summer Jan 17, 2024

Anticipation of interest rate cuts by the Bank of England has injected newfound optimism into the property sector.

Jastine Beatrice Yap Jan 16, 2024

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

Pragati Singh Jan 12, 2024

Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.

Pragati Singh Jan 11, 2024

Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.

Callum Conway-Shaw Dec 20, 2023

The United Kingdom has witnessed a notable drop in the average cost of a two-year fixed-rate mortgage, falling below six per cent for the first time in nearly six months.

Pragati Singh Dec 11, 2023

The Bank of England recently released its Financial Stability Report, spotlighting the resilience of UK households and businesses in the face of escalating interest rates.

Pragati Singh Dec 07, 2023

AI and machine learning have been used across the financial sector for at least a decade, such as to help detect fraud and money laundering.

Callum Conway-Shaw Dec 06, 2023

Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.

Pragati Singh Dec 05, 2023

The latest research from the consumer group Which? unveiled that 9.8 per cent of surveyed households admitted to missing or defaulting on payments for loans, credit cards, housing, or household bills during that period.

Pragati Singh Dec 05, 2023

The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.

Pragati Singh Nov 30, 2023