what’s going on with the banks today
- Banking
Lockdown fallout pushes UK economy into ‘perma-stagnation’ as Bank of England warns of tax burden
Britain’s workforce will struggle to recover from older workers and early retirees giving up their roles during the pandemic, the…
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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 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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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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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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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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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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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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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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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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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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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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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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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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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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Bank of England issues warning over mortgage repayments
The Bank of England today made clear interest rate hikes are still looming as it warned mortgage distress could soar.…
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DAILY MAIL COMMENT: Bungling Bank of England must invest in UK stability
DAILY MAIL COMMENT: Bungling Bank of England must invest in UK stability By Daily Mail Comment Published: 20:03 EST, 12…
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Bank of England rattles market by giving ‘conflicted and confused’ guidance over emergency bailout
Dithering Bank of England ‘flip-flops over ending pension bailout’ – after rattling markets with ‘conflicted and confused’ guidance Bank of…
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Growing fears that Gordon Brown’s pensions timebomb may finally be about to explode
To understand the crisis that has torpedoed financial markets, you need to start on Threadneedle Street in the City of…
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Britain now less like the US or German and more like ITALY OR GREECE says ex-Bank boss
Britain now considered less like the US or Germany and more like ITALY OR GREECE to lenders says ex-Bank boss…
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Will UK interest rates go up or down next month?
The governor of the Bank of England has suggested interest rates will have to rise higher than previously anticipated in…
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Bank of England ‘was NOT TOLD about contents of the mini-Budget’
Bank of England was NOT TOLD about contents of the disastrous ‘mini-Budget’ that sent the markets into meltdown, says deputy…
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Interest rates are on track to reach 30-year high as inflation continues to soar
Interest rates are on course to record the biggest rise in 30 years next month as the Bank of England continues…
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Moment Brit fights back against Just Stop Oil protestor in London
Do you know the man who tackled the paint wielding protester? Email [email protected] A member of the public has defied…
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Bank of England poised to raise interest rates up 0.75% to 3%
Homeowners could be hit by the largest increase in interest rates in more than 30 years today, potentially adding hundreds…
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Bank of England governor tells mortgage providers their fixed rate deals should be LOWER
Bank of England governor tells mortgage providers their fixed rate deals should be LOWER after he orders biggest interest rate…
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ALEX BRUMMER: The biggest danger to prosperity is piling on yet more hardship for families
ALEX BRUMMER: The biggest danger to prosperity is piling on yet more hardship for families By Alex Brummer for the…
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Gamble for house-hunters: Lenders offer fixed-term mortgages as low as 5.3% but experts predict FALL
Homeowners and prospective buyers have been left with fresh headaches as mortgage rates offered by high street lenders remain stubbornly…
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I can’t fix all your problems, says Sunak who admits ‘It’s right we’re honest about trade-offs’
I can’t fix all your problems, says Rishi Sunak who confirms he REFUSED to step aside for Boris in leadership…
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Rishi Sunak denies being ‘Scrooge’ as threat to state pensions triple-lock mounts
Rishi Sunak has dismissed claims he will be ‘Scrooge’ this Christmas despite mounting fears over looming tax hikes and austerity.…
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Bank of England chief economist warns interest rates WILL rise again
Bank of England chief economist warns interest rates WILL rise again to combat inflation despite UK facing brutal recession Bank…
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Recession worries mounts as UK economy shrinks by 0.2% in second quarter
The Bank of England warned the battle against inflation could last two years today as grim figures showed the economy…
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‘Tracker’ mortgages fall to nearly THREE percent – £973 cheaper than fixed deals
Building societies are offering new variable rate mortgages for as little as 3.39 percent with a five percent deposit as…
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Bank of England staff reject pay rise offer despite Gov Andrew Bailey urging workers to restrain
Even Bank of England staff reject pay rise offer despite Governor Andrew Bailey urging workers to exercise restraint Workers were…
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Bank of England is expected to raise base rate by 0.5% next week to its highest level for 14 years
Interest rates could soar to 3.5% next week: Bank of England is expected to raise base rate by 0.5% to…
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Major bank to give hard-up customers more time to pay back overdrafts and loans
A MAJOR bank has announced new measures to help hard-up customers who are struggling with debt. Natwest will be extending…
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BoE: Four million mortgage-holders will see payments soar next year
Bank of England warns four million mortgage-holders will see payments soar next year – many by hundreds of pounds a…
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HSBC app & online banking crash leaving customers locked out of their accounts
THOUSANDS of customers were left locked out of their accounts after HSBC’s mobile app and online banking service crashed. The…
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Major banks to close a total of 40 branches – see the full list
ANOTHER 40 bank branches will be lost from the UK’s high streets, as Lloyds and Halifax announced more closures. Lloyds Banking Group,…
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Fight against inflation is not over yet, Bank of England says
Fight against inflation is not over yet, Bank of England chief economist says… as he hints he favours more interest…
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Meet the farm labourer’s son whose battle to save Burnley has been turned into a Netflix blockbuster
A couple of years ago, businessman Dave Fishwick took a punt and threw his hat in the ring for a…
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Major bank offering free cash worth up to £260 – how to claim
A MAJOR bank is offering customers up to £260 in free cash – here’s how to claim it. TSB has…
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Borrowers are warned UK interest rates will hit 4% in two weeks
Ouch! Borrowers are warned that interest rates will hit 4% in just two weeks as Bank of England continues hikes…
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