The Financial Conduct Authority has confirmed its intention to defend the motor finance compensation scheme against a series of legal challenges initiated by both lenders and consumer advocacy groups. The
FCA scheme sees average £830 payout for car finance claims
The Financial Conduct Authority has published final details of a significant compensation scheme addressing systemic mis-selling within the UK car finance market. The scheme will deliver an average payout of
BoE keeps rates on hold at 3.75% after narrow 5–4 decision
Oh wow indeed — that is a really close call from the Bank of England.
Bank of England cuts rates as UK economy stagnates
The Bank of England has cut interest rates in response to mounting signs of a prolonged slowdown in the labour market.
BoE ‘too slow’ on rate cuts as inflation retreats
The Bank of England risks falling behind the curve on interest rate cuts and may be forced to “play catch-up” next year if it delays action as inflation continues to
Easing inflation clears path for Bank of England rate cut
UK inflation fell by more than expected in November, strengthening the case for the Bank of England to cut interest rates this week, according to official data.
Goldman Sachs warns of £30bn tax rise in Reeves’ Budget plans
Rachel Reeves is expected to raise taxes by around £30bn as she prepares to lift the two-child benefit cap, according to new forecasts from Goldman Sachs.
FTSE 100 closes higher as tech rebound lifts global markets
London stocks finished firmly higher on Wednesday, recovering from earlier losses as a rebound in technology shares and stronger-than-expected U.S. employment data boosted investor sentiment.
FTSE 100 set to open lower as global markets retreat
The FTSE 100 is expected to open sharply lower on Tuesday, with futures indicating a 40-point drop, as global equity markets extend their cautious tone.
FTSE 100 opens higher as energy and financial stocks gain
The UK stock market opened the week slightly stronger, with the FTSE 100 up 12 points (0.13%) at 9,730 in early Monday trading.
FTSE 100 set for cautious rise as markets eye Bank of England decision
The FTSE 100 is expected to start November slightly higher, with futures indicating a 12-point gain on Monday, as investors brace for a data-heavy week and a finely balanced Bank
AIM All-Share Slips as FTSE 100 Retreats from Record Highs
The AIM All-Share Index fell 4 points to 770.58 on Friday, underperforming the FTSE 100, which has enjoyed a strong week but ended the session 42 points lower at 9,717