NS&I has clarified how the monthly Premium Bonds draw works after a customer vented their frustration at never winning a prize on Bonds they purchased over 50 years ago. An X user contacted the savings provider to ask if the old style Bonds are still entered into the monthly prize draw, as Bonds they purchased […]

Xi Jinping’s China finds itself ‘at the point where the rubber hits the road,’ said Bob Lyddon (Image: GETTY) China’s volatile economy is now at a point “where the rubber hits the road”, leaving UK banks HSBC and Standard Chartered vulnerable, as well as car manufacturer Land Rover, a financial expert has warned. Bob Lyddon […]

Millions of Britons are facing fines of at least £100 – plus a staggering 7.75 percent in interest charges if they miss the tax deadline tomorrow. Last year, HMRC raked in almost £350 million in interest from people making late payments. This year, more than 12.1 million people are expected to file a return for […]

If BoE rate setters on its monetary policy committee (MPC) lived in the real world, we’d all be getting excited about lower borrowing costs. Unfortunately, they don’t. Like Basset’s Jelly Babies in the old TV ads, they live in a wibbly, wobbly world of their own, and we’re all paying the price. MPC members exist […]

The Bank of England may delay cutting interest rates during the campaign season, experts have suggested. The Prime Minister has suggested that the next general election will take place this year, or early 2025. The campaign season officially starts when the general election has been announced and many are wondering if the Bank of England […]

HSBC has been hit with £57.4million in fines for failures to protect bank depositors with the failings dating back to 2015. The Prudential Regulation Authority (PRA) at the Bank of England has slapped the banking giant with £57,417,500 in fines over the historic failings. The group fell short of implementing requirements set out in the […]

Falling prices raise the risk of negative equity – where the value of one’s home drops below the outstanding mortgage, an expert has warned. Falling house prices also take a toll on a homeowner’s resilience in retirement as remortgaging becomes difficult and expensive if the mortgage is big. This raises the risk of negative equity […]

Do you have a burning question for Bank of England Governor Andrew Bailey? Now’s your chance to ask it. The financial boss has offered to face a grilling from Express readers in an exclusive Q&A. The British economy is going through an ongoing downturn with interest rates set to stay sky-high for months, if not […]

Almost a million pensioners will find themselves dragged into the tax trap for the first time this year, new analysis warns. Almost 900,000 over 65s – the majority of them women – could face unexpected tax bills as a result of the frozen tax thresholds and the rising State Pension. The pensioners most at risk […]

Around 900,000 retirees, particularly those benefiting from the marriage allowance, might find themselves paying taxes on their state pensions for the first time, an expert has warned. As the tax year end is months away, Britons are urged to reassess their tax position to avoid losing hundreds. Experts from Spencer Churchill have explained the impact […]