The Bank of England raised interest rates by 0.5% to 4pc. This is the highest rate since the financial crisis.
UK workforce to shrink permanently in wake of pandemic, Bank of England
The Bank of England warned that Britain’s workforce would be permanently smaller following the pandemic. This will lead to stagnation.
The Bank of England raises interest rate for 10th time in a row
A majority of 7-2 votes in favour of increasing the Bank Rate by 0.5% to 4% by the Monetary Policy Committee.
Bank of England poised to raise interest rates for 10th time in a row on Thursday
The Bank of England will raise interest rates for the tenth time in succession at its policymakers’ meeting this week to further squeeze the finances of businesses and mortgage holders.
HMRC self assessment: More than 600,000 will miss Tuesday’s self-assessment deadline
More than 600,000 people will miss Tuesday’s self-assessment deadline, resulting in a £60m bumper haul of late penalties for HM Revenue and Customs.
The Bank of England is expected to raise interest rates to 15-year highs this week
European stock markets are likely to open lower as investors prepare for central bank decisions in the UK and US later this week.
This year, monthly mortgage payments could drop by 25pc
Borrowers could pay £4,500 less annually in November 2023 than in November 2022
Bank of England makes £3.8bn profit after the mini-Budget collapse
Threadneedle Street received a return of approximately 20pc from the buyers who paid £23bn to buy the bonds.
France will deliver letters only three days, while Royal Mail appeals for an end to six-day delivery
As Europe’s postal services develop, Britain and Germany are now outliers as Europe’s postal services evolve
Bank of England raises interest rates to a fresh 14-year high to 3.5pc
The Bank of England announced its ninth consecutive increase in interest rates. This brings them to their highest level since before the global financial crisis.
Ofgem says that energy bills without government help would reach nearly £4,279
Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.