Britain’s long term borrowing costs have soared to levels unseen since 1998, ratcheting up pressure on Chancellor Rachel Reeves ahead of her crucial autumn budget scheduled for 26 November. Investors
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Markets and economists anticipate the Bank of England will maintain the base interest rate at 4 per cent next week, following expectations that UK inflation will remain unchanged at 3.8
The Financial Conduct Authority (FCA) is poised to bring about sweeping changes to contactless payments in the UK, with proposals to allow banks and card providers to raise or even
Two of the UK’s banking giants are facing group legal actions over controversial shared appreciation mortgages that have left some borrowers owing up to twenty times more than they originally
Labour’s economic strategy is coming under scrutiny as Louise Haigh, a leading contender for the party’s deputy leadership, has called for significant reform of the UK’s independent spending watchdog, the
The United Kingdom has issued 20 year inflation linked gilts at the highest borrowing costs seen in more than two decades, as bond markets react to persistent concerns over inflation
The Bank of England is closely monitoring market movements following heightened volatility in the government bonds market. Governor Andrew Bailey disclosed to MPs that the Bank will “seriously” consider recent
The corridors of French power have rarely echoed with such urgency. As France’s government totters on the edge of collapse, budgets bleed deeper into the red and talk of emergency
London’s top high street banks suffered a sharp fall in market value as concerns mounted over a potential windfall tax rise to shore up government finances. More than £6 billion
Monzo, the digital banking powerhouse, is venturing beyond finance by considering the launch of a Monzo-branded mobile phone service. In talks with leading mobile operators, Monzo aims to offer an
The private credit market has transformed from a niche corner of finance to a global powerhouse, now valued between $1.3 trillion and $3 trillion. Born in the aftermath of the
The Bank of England has lowered the UK base interest rate by 0.25 percentage points to 4 per cent, marking the lowest level in over two years. The decision was
Shareholders of Banco Sabadell have given the green light to the £2.65 billion cash sale of TSB to Banco Santander marking a significant shift for the British high street lender.
The UK construction sector has witnessed its steepest downturn since the early months of the Covid pandemic, casting significant doubt on the government’s pledge to deliver 1.5 million new homes
UK services sector faces largest drop in orders since 2022 warning signs for interest rates decision
The United Kingdom’s powerhouse services sector has suffered its steepest drop in new orders for nearly three years, piling pressure on the Bank of England as it prepares for its
Neil Woodford, once hailed as a top stockpicker in the UK investment sector, and his now-defunct firm Woodford Investment Management have been hit with a £46 million fine for their
