Finance

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

Posted on 15th Aug 2023

The rate at which prices are rising remains high, driven by soaring food prices.

Monzo on top of banking satisfaction rankings

Posted on 15th Aug 2023

Although its score has dropped, the challenger bank leads a regulator's banking league table.

Interest-only mortgages: Warning against over-optimism in clearing debts

Posted on 15th Aug 2023

Some people do not realise they might not be able to clear their final debt, research suggests.

Russia hikes interest rates after rouble slides

Posted on 15th Aug 2023

The Bank of Russia raises rates to 12% from 8.5% in a bid to boost the currency and lower inflation.

UK wages grow at record rate

Posted on 15th Aug 2023

Regular pay grew at an annual rate of 7.8% between April and June, according to new data.

China drops youth jobless data as economy falters

Posted on 15th Aug 2023

The country's central bank also unexpectedly cut key interest rates as it tries to boost the economy.

Japan economy grows much faster than expected

Posted on 15th Aug 2023

The weakness of the yen has helped Japanese exporters as it makes their products cheaper overseas.

Petrol prices: Why are they going back up?

Posted on 14th Aug 2023

Motoring organisations warn price rises will pile pressure on families and small businesses.

Russian rouble falls to 16-month low against US dollar

Posted on 14th Aug 2023

The currency has been hit by rising imports and higher military spending for the Ukraine war.

What's next for Wilko and its 12,500 workers?

Posted on 14th Aug 2023

The retailer is in administration but that doesn't necessarily mean it will disappear from the High Street.

Pay: Firms fight back with counteroffers to keep staff

Posted on 14th Aug 2023

A survey finds companies are willing to match or better new job offers but risk fuelling inflation.

Mortgage rates are falling but don't celebrate yet

Posted on 13th Aug 2023

A number of lenders are cutting rates but experts say it may be too early to call it a turning point.

Amazon releases some seller funds after complaints

Posted on 13th Aug 2023

Amazon withheld some seller takings temporarily but is releasing them after some businesses came close to collapse.

Amazon asked by minister to justify temporarily withholding sellers' funds

Posted on 12th Aug 2023

The government told Amazon UK to explain how it intends to help sellers whose money it is withholding.

Warm weather in June boosts UK economy

Posted on 11th Aug 2023

Higher temperatures helped better-than-expected quarterly growth but fears of a slowdown remain.

China property giant Country Garden warns of up to $7.6bn loss

Posted on 11th Aug 2023

The announcement is the latest indicator of major issues faced by the world's second largest economy.

What is GDP and how is it measured?

Posted on 11th Aug 2023

A basic guide to how the economy is measured and what that calculation is used for.

Halifax joins rivals in cutting mortgage rates

Posted on 10th Aug 2023

The UK's biggest mortgage lender will sharply reduce rates as the market shows signs of slowing.

Mortgages: What happens if I am struggling to pay?

Posted on 10th Aug 2023

Many homeowners are worried about higher mortgage costs, but lenders must help those struggling.

Petrol prices: Why are they going back up?

Posted on 14th Aug 2023

Motoring organisations warn price rises will pile pressure on families and small businesses.