Banking
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Mortgage warning for millions as interest rates hiked to 14-year high today
THE Bank of England has raised its base rate in a blow for millions of households. The rate was hiked…
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Heating costs are soaring – but here’s why you shouldn’t stop paying the bill
Heating costs are soaring – but here’s why you SHOULDN’T stop paying the bill… or halt pension contributions By Simon…
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Pound dips to 37-year low against dollar as City weighs Liz Truss’s cost of living plan
Pound dips to 37-year low against dollar as City weighs Liz Truss’s cost of living plan and Bank of England…
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Interest rate hike is due today amid warnings Chancellor’s stamp duty ‘gamble’ won’t pay off
Interest rate hike is due today amid warnings Chancellor’s stamp duty ‘gamble’ won’t pay off The Bank is likely to…
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UK interest rate rise: Bank of England set to hike rates today
Britons are bracing for more pain today with the Bank of England set to pump up interest rates further in…
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Households are sent letters warning E.On energy bills will rise from £180 to £458
Energy firms are sending households notice of the vastly higher direct debits they will pay within days – despite the…
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UK interest rates: BoE admits UK is probably already in recession
The Bank of England heaped more misery on families today by pumping up interest rates to combat rampant inflation – as it…
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ALEX BRUMMER: Interest rate rise is a boost for savers, but should the BoE have gone further?
ALEX BRUMMER: Interest rate rise is a boost for savers, but should the Bank of England have gone further? By…
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Praise for Kwarteng’s bold £45billion package of tax cuts but Chancellor admits UK is in RECESSION
Dragons’ Den star welcomes ‘great scrap’ of higher tax rates A business owner who won the approval of Dragons’ Den…
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When do the old £20 notes expire?
Post Office prepares for deluge of customers handing over old-style £20 and £50 notes as deadline looms September 30 is…
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Market chaos sees Pound slump to ALL-TIME low of $1.03
The Pound tumbled again tonight as the Bank of England stopped short of an emergency interest rate hike in the…
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Pound stays stable as Asian markets open after currency nosedived TWICE yesterday
The Pound has remained stable as Asian markets have opened after twice nosediving yesterday – as Tory backbenchers blame Liz…
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Kwasi Kwarteng tells investors he is ‘confident’ his tax-cutting mini-Budget ‘will work’
Kwasi Kwarteng attempted to calm rattled City investors today saying he is confident his mini-Budget ‘will work’ despite it sending…
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Why are mortgage rates rising and what if I can’t pay? Uncertain homeowners’ questions answered
Why are mortgage rates rising and what if I can’t pay? The vital questions answered as homeowners face uncertain future…
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Bank of England boss is accused by angry Tories of being ‘asleep on the job’ while inflation soared
Bank of England boss Andrew Bailey is accused by angry Tories of being ‘asleep on the job’ while inflation soared…
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ALEX BRUMMER: His response to the financial crisis has seen Andrew’s Bailey’s authority drain away
This week, the Government’s enemies have been determined to blame the volatile pound on Liz Truss and her Chancellor Kwasi…
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Expert issues warning amid fears rates could hit 5.5% by November as hundreds of deals axed already
Bank experts have warned of mortgage chaos for homebuyers amid fears that rates could reach 5.5 per cent by November…
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Mortgage market turmoil continues: HSBC and Santander suspend new deals and Nationwide hikes rates
HSBC and Santander have suspended new mortgage deals and Nationwide had increased its rates amid fears homeowners could be forced…
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Pound to Dollar: Mortgage mayhem as ten banks pull house loans from sale
Are you worried about how your mortgage will be affected? We want to hear your stories, contact me: [email protected] A…
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Kwasi Kwarteng WON’T rethink tax-cutting Budget: Ministers deny blame for ‘global’ market chaos
Kwasi Kwarteng will not rethink his tax-cutting budget, with ministers refusing to take the blame for the ensuing market chaos,…
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Ministers to slash BILLIONS off budgets to reassure markets that finances ARE under control
Ministers are drawing up plans for billions of pounds in spending cuts to reassure panicked markets that public finances are…
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ALEX BRUMMER: How can such risky trading be happening all over again?
After days of sitting on its hands and months of refusing to tackle the looming spectre of inflation, the Bank…
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Ex-Bank of England governor Mark Carney slams Kwasi Kwarteng’s ‘partial budget’
Former Bank of England governor Mark Carney has slammed Kwasi Kwarteng for ‘undercutting the UK’s financial institutions’ after the chancellor’s…
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Liz Truss backs economic plans amid mini-Budget market turmoil
Liz Truss defended her low-tax economic plans today after being accused of producing a reverse ‘Robin Hood Budget’ that gives…
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Kwasi Kwarteng says he is ‘sticking to the growth plan’ and help for families this winter
Chancellor Kwasi Kwarteng ruled out changes to his tax-cutting mini-Budget today as he and Liz Truss came under pressure to…
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The pound bounces back after early morning slump against the dollar
The turmoil on the UK’s financial markets caused by Chancellor Kwasi Kwarteng‘s tax-cutting mini-Budget continued to rage today – with…
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DAILY MAIL COMMENT: Defending bold tax plans is Tories’ duty
DAILY MAIL COMMENT: Defending bold tax plans is Tories’ duty By Daily Mail Comment Published: 18:24 EST, 29 September 2022…
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Liz Truss to hold emergency talks with budget watchdog
Liz Truss will hold emergency talks with Britain’s spending watchdog tomorrow as she attempts to dampen market panic after her…
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Liz Truss is left reeling with Labour soaring into record 33-point poll lead
Under-fire Liz Truss vowed to press ahead with her ‘controversial and difficult’ economic plans – despite growing Tory warnings that…
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Liz Truss is doing the right thing, writes Conservative peer LORD HANNAN
What Liz Truss is doing is brave and right, however unpopular it may be in the short term. She has…
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Former Bank of England chief Mark Carney attacks Liz Truss over ‘unfunded’ £45billion tax cuts
Former Bank of England chief Mark Carney attacks Liz Truss over Government’s ‘unfunded’ £45billion tax cuts Liz Truss has been…
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Glimmer of good news as UK economy ISN’T in recession (yet)
The UK is NOT in recession (yet): Economy grew 0.2% in second quarter, revised from a 0.1% fall… but GDP…
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Brits scramble to spend paper £20 and £50 notes on last day they are legal tender
Today is LAST DAY to spend paper notes: Brits are urged to check down the back of the sofa in…
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Liz Truss vows to stick to tax-cutting plans despite chaos
The OBR will deliver its verdict on the government’s books to Liz Truss and Kwasi Kwarteng in a week after crisis talks…
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‘Multiple rebel Tory MPs are in talks with Labour’ to bring down Liz Truss’s bombshell mini-budget
‘Multiple’ Tory MPs are said to be in talks with Labour to bring down the PM’s bombshell mini-budget after it…
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Middle-class families turn to ultra-long mortgage deals to lower their monthly repayments
Here comes the 40-year mortgage: Middle-class families turn to ultra-long mortgage deals to lower their monthly repayments There are fears…
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The data shows the UK is no ‘sick man of Europe’ after ONS says the country is NOT in a recession
ALEX BRUMMER: The data shows the UK is no ‘sick man of Europe’ after ONS says the country is NOT…
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What is the 45p tax rate? Why has Kwasi Kwarteng scrapped it?
Chancellor Kwasi Kwarteng has announced he is scrapping plans to remove the 45% rate of income tax on those earning…
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Bonds bailout aimed at stemming financial chaos has cost £3.7billion so far
Bonds bailout aimed at stemming financial chaos has cost £3.7billion so far after fears the bill could top £65billion Bank…
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It’s not MY fault the mini-budget was a shambles, it’s because of the Queen’s FUNERAL, Kwarteng says
It’s not MY fault the mini-budget was such a shambles, it’s because of the Queen’s FUNERAL, Chancellor Kwasi Kwarteng claims…
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Kwasi Kwarteng holds crisis talks with mortgage lenders as rates soar
Kwasi Kwarteng holds crisis talks with mortgage lenders as average five-year fix soars above 6% for the first time in…
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ALEX BRUMMER: Once again, the financial watchdogs failed to bark…
ALEX BRUMMER: Once again, the financial watchdogs failed to bark… We have been living in a fool’s paradise By Alex…
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Bank of England was FORCED to step in over mini-budget
The Bank of England was forced to intervene in government bond markets last week amid fears that a £50billion fire…
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Cancer care and mental health services could be cut to slash NHS spending by £20billion
Cancer care and mental health services could be cut to slash NHS spending by £20billion over three years, finance officer…
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Relations between Government and Bank of England are at an ‘all time low’, Whitehall insiders warn
Relations between the Government and Bank of England are at an ‘all time low’, Whitehall insiders warn Tensions with Bank…
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Kwasi Kwarteng brings forward OBR forecasts to October 31
Kwasi Kwarteng is bringing forward his growth plan and the OBR forecasts to Halloween after pressure from Tory MPs. The…
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Halloween budget: Kwasi Kwarteng will have to slash public spending by £60bn, report warns
Kwasi Kwarteng will have to slash public spending by £60 billion to bring government borrowing under control, a report warns…
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IMF raises UK growth forecast this year but predicts slowdown in 2023
The IMF swiped at Kwasi Kwarteng for ‘complicating’ the battle against inflation today as it bumped up forecast for UK growth…
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Bank of England announces emergency bond-buying plan in response to turbulence in Gilt market
The Bank of England launched another bid to stop tumbling government bond prices causing a market collapse today as ministers refused…
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Jacob Rees-Mogg insists financial markets meltdown ‘not necessarily’ to do with mini-Budget fiasco
Jacob Rees-Mogg accuses the BBC of bias in fiery radio interview as Business Secretary insists financial markets meltdown is ‘not…
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