Finance

Posts in Category: finance

US mortgage rates have hit a two decade high of 8%

Posted on 19th Oct 2023

Americans hoping to buy a home or apartment are facing steep borrowing costs, data shows.

Inflation: Milk, cheese and egg prices fall as petrol rises

Posted on 18th Oct 2023

The battle to slow soaring prices is not over and means uncertainty over another interest rate rise.

What is the UK inflation rate and why is it so high?

Posted on 18th Oct 2023

The rate at which prices are rising has fallen but remains well above the 2% inflation target.

What is the Bank of England and why does it change interest rates?

Posted on 18th Oct 2023

The Bank of England has held rates at 5.25%, after 14 successive increases since November 2021.

Wages overtake inflation for first time in nearly two years

Posted on 17th Oct 2023

Average pay growth outpacing inflation suggests the squeeze on living costs may be starting to ease.

No room for tax cuts or spending rises, IFS think tank warns

Posted on 17th Oct 2023

The think tank warns that "ill-timed" pre election tax cuts could prove "unsustainable".

Brexit: 'Call us' on trade, says German finance minister Christian Lindner

Posted on 14th Oct 2023

In a BBC interview, Christian Lindner invites the UK to discuss a closer relationship with the EU.

What is the Bank of England and why does it change interest rates?

Posted on 18th Oct 2023

The Bank of England has held rates at 5.25%, after 14 successive increases since November 2021.

UK inflation rate remains at 6.7% in September

Posted on 18th Oct 2023

The inflation rate remains steady in the year to September, ending three successive monthly drops.

Wages overtake inflation for first time in nearly two years

Posted on 17th Oct 2023

Average pay growth outpacing inflation suggests the squeeze on living costs may be starting to ease.

What is the UK inflation rate and why is it so high?

Posted on 17th Oct 2023

The rate at which prices are rising has fallen but remains well above the 2% inflation target.

No room for tax cuts or spending rises, IFS think tank warns

Posted on 17th Oct 2023

The think tank warns that "ill-timed" pre election tax cuts could prove "unsustainable".

Brexit: 'Call us' on trade, says German finance minister Christian Lindner

Posted on 14th Oct 2023

In a BBC interview, Christian Lindner invites the UK to discuss a closer relationship with the EU.

JP Morgan's Jamie Dimon warns world facing 'most dangerous time in decades'

Posted on 14th Oct 2023

Jamie Dimon says conflicts in Ukraine and Israel may hit energy and food markets, and global trade.

Microsoft completes $69bn takeover of Call of Duty maker Activision Blizzard

Posted on 13th Oct 2023

It comes after the UK approved the $69bn takeover of Activision Blizzard, which makes Call of Duty.

US inflation: Higher fuel costs keep driving consumer prices

Posted on 12th Oct 2023

Consumer prices rose 3.7% over the 12 months to September, the Labor Department says.

Interest rates expected to be held after small economic growth

Posted on 12th Oct 2023

Higher borrowing costs are weighing on the UK, say analysts, after the economy grew just 0.2% in August.

Higher interest rates punish low paid, says Bank's Swati Dhingra

Posted on 12th Oct 2023

Member of the Monetary Policy Committee thinks higher rates hurt the low paid and young.

Pay overtakes inflation for first time in nearly two years

Posted on 17th Oct 2023

Average wages grew by 7.8% surpassing the rate of prices rises for first time for almost two years.

No room for tax cuts or spending rises, IFS think tank warns

Posted on 17th Oct 2023

The think tank warns that "ill-timed" pre election tax cuts could prove "unsustainable".