Savings
Which currency would an independent Scotland use?If Scotland holds a referendum and votes for independence there are a number of difficult economic decisions that would face leaders on both sides of the border. |
Inflation drop ‘good news for UK savers’April’s dip in inflation to three per cent, down from 3.5 per cent in March, is a welcome boost for savers as 46 saving accounts on the market now beat inflation. |
RBS issues special £10 note to celebrate Queen's Golden JubileeThe Royal Bank of Scotland has issued a commemorative £10 note to celebrate the Queen's Golden Jubilee, drawing on royal links to the Scottish bank. |
Yorkshire BS launches short term fixed rate bondYorkshire Building Society has introduced a new savings bond offering a competitive rate and a choice of monthly or annual interest payments. |
Inflation falls to 26 month low paving way for more QEThe consumer prices index (CPI) measure of inflation has fallen to a 26-month low and could pave the way for a resumption of quantitative easing, analysts say. |
C&G unveils new fixed rate cash ISA rangeCheltenham & Gloucester has introduced a new fixed rate cash ISA range, offering one, two, three, four and five year accounts that can be opened with £1. |
Saga’s new online account rewards bigger balancesSaga has launched an easy access online saver paying 3.05 per cent AER variable on balances of £20,000 or more and 2.6 per cent on balances below £20,000. |
BoE's King bows to pressure and agrees to three separate probesThe Bank of England is to undergo three separate investigations into its handling of the financial crisis, its forecasting record and its support to the banking sector. |
NS&I boosts investment account interest rateNational Savings & Investments (NS&I) has relaunched its Investment Account, making it a postal only account but offering a higher interest rate. |
Tax Commission calls for 30% flat tax rate on income and capitalA new report by the 2020 Tax Commission says that a flat rate of 30 per cent tax on both income and capital will raise GDP over 15 years and end the UK's "punitive" tax system. |
G8 summit ends with pledge for eurozone focus on jobs and growthThe G8 summit has ended with US President Obama urging the eurozone to focus on jobs and growth. |
Posen to step down from Bank of England in the summerAdam Posen, a member of the Bank of England's Monetary Policy Committee will leave his position in the summer and admits he may have been wrong to switch his vote in April to a no for more QE. |
UK household wealth up by £2.36 trillion since 2001The combined increase in wealth enjoyed by the UK as a whole has reached £2.36 trillion, mainly due to the rise in house prices, new research from Lloyds says. |
Santander moves to reassure UK customers that money is safeSantander has admitted that some customers have been withdrawing funds but that its UK operations are separate to Banco Santander in Spain. |
Downbeat inflation and growth forecasts means more QE likelyThe Bank of England published its Quarterly Inflation Report on Wednesday and predicts inflation will stay above two per cent with growth down to 0.8 per cent this year. |
Taxpayers "fortunate" to escape with £2bn Northern Rock lossThe National Audit Office reports that the sale of Northern Rock to Virgin Money minimised losses to the taxpayer but concludes that taxpayers will lose £2bn overall. |
Study warns Brits underestimate cost of key events by £132kUK consumers are vastly underestimating the cost of life’s major events including getting married, raising a first child or going to university, a study reveals. |
BoE cuts growth forecast and warns of higher inflationThe Bank of England has released its Quarterly Inflation Report and Sir Mervyn King has cut the growth forecast for 2012 to 0.8 per cent and says inflation will remain above 2% for at least the next year. |
Bank of England to cut growth forecast againThe Bank of England publishes its Quarterly Inflation Report tomorrow (16th May) against a background of a double-dip recession and stickier than expected inflation. |
Leeds BS launches easy access ISA rangeLeeds Building Society has released a new selection of fixed rate cash ISAs, offering penalty-free access to 25 per cent of the funds at any time. |
AA launches new easy access savings account paying up to 3%The AA has launched a new easy access savings account that pays interest of three per cent on balances higher than £10,000. |
Bank of England's Quarterly Inflation Report dominates week aheadWe preview the economic week ahead that sees unemployment figures, trade deficit data and the Bank of England's Quarterly Inflation Report released. |
Principality unveils two year variable rate bondPrincipality has replaced its two year fixed rate bond with a variable rate product. The new bond is guaranteed not to drop below 3.3 per cent for two years. |
Bank of England decides against QE due to inflation riskThe Bank of England has decided to keep its powder dry on adding to the £325 billion programme of quantitative easing and to keep base rate at 0.50% for a 39th consecutive month. |
Will the Bank of England decide on more QE?The Bank of England's Monetary Policy Committee meets tomorrow and while it is certain that interest rates will stay at 0.50% for a 39th consecutive month the decision on QE is less clear cut. |
Newsletter sign up