Expect bills to soar as Bank Rates could reach 4.5pc next Year.
Why cash-rich UK banks won’t pass on rate rises to savers
Analysts say banks with ample liquidity will not offer higher interest rates to savers.
Inflation in the UK reaches 10%, its highest level since 1982
Official figures revealed Wednesday that the British consumer price inflation rose to 10.1% in July. This is its highest level since February 1982. It was 9.4% in June.
The Bank of England has announced its biggest interest rate rise in 27 years.
To keep inflation under control, policymakers increased interest rates by 0.5% to 1.75% on Thursday. This was in an effort to maintain a lid on inflation which is expected to
Bank of England to Set the Biggest Interest Rate Increase in 27 Years
This week, the Bank of England is expected to announce its strategy for releasing some of the £895 Billion ($1.1 Trillion) of stimulus that it has provided over the past
UK Inflation on track for double digits
Hussain Mehdi at HSBC Asset Management warns that the worst is yet ahead, with inflation expected to reach double digits for the first time since 1980.
Bank of England warns of biggest interest rate rise in 27 years
Governor Andrew Bailey of the Bank of England suggested that they are poised to announce the largest increase in interest rates in almost 30 years. This was after he rebuffed
Bank of England: Crypto Crash Survivors Could Be Dominant Market Players
Jon Cunliffe, Deputy Governor of the Bank of England, was the latest to compare the dot-com bubble with the current cryptocurrency crash.
Share Talk Weekly Stock Market News, Sunday 19th June 2022
The UK government and Civil Aviation Authority are near meltdown. After bitter rows over pay, conditions and jobs, union leaders in the UK confirmed that the next week’s Tube and
Bank of England set to raise rates again as inflation heads towards 10%
The Bank of England is expected to increase interest rates next week, the fifth time since December. This was its steepest rate hike in 25 years. It will likely continue
Bank of England: Stablecoins Not Stable for Investors
A Bank of England official stated that stablecoins, which are intended to be an alternative currency to traditional currencies, are not stable enough to be widely used by consumers.
