The Bank of England has held interest rates at 5.25 percent for the third time in a row and indicated cuts are unlikely in the coming months. Governor of the Bank, Andrew Bailey, stressed that there is “still some way to go” in policymakers’ efforts to drag inflation down as the central bank said policy […]

According to Uswitch, the average two-year fix increased from 2.34 percent to 6.04 percent and average five-year fix from 2.64 percent to 5.65 percent. This has been primarily due to the Bank of England’s decision raise interest rates which has had a knock-on effect on raising mortgage repayments. Furthermore, the average SVR (standard variable rate) […]

Money Saving Expert has shared a “bizarre loophole” some people can use to watch live TV without needing a TV licence. At present, a TV licence costs a hefty annual fee of £159 and all people who watch live TV or BBC iPlayer must purchase one to watch legally. This fee is set to increase […]

One woman is sharing how she has been able to make big savings by only spending £20 a week in her supermarket shop while foraging the rest of her food. Megan Howlett, 26, from Midhurst in West Sussex revealed how she has been able to accumulate a fully foraged Christmas dinner, including mushrooms and herbs. […]

The Bank of England, the cornerstone of Britain’s financial sector, is “not necessary” and should be abolished, a radical new report has argued. The Experience of Free Banking was published by the Institute for Economic Affairs (IEA) on the day the BoE announced its decision to freeze interest rates at 5.25 percent as part of […]

Experts are warning the public over the threat posed to the long-term viability of the state pension triple lock. Every year, pension payments are raised either by the rate of inflation, average earnings or 2.5 percent; whichever is the highest. As it stands, the rate of the state pension is set to go up by […]

The Bank of England has been slammed for pursuing a “schizophrenic” approach to its key interest rate. Threadneedle Street has held interest rates at 5.25 percent for the third time in a row and indicated cuts are unlikely in the coming months. Samuel Mather-Holgate, an independent financial advisor at Mather and Murray Financial, told Express.co.uk […]

Shoppers who scour the high street for the best possible deals will face the most expensive Christmas dinner in a decade, with the price up by 50 per cent since 2013.  Turkey and all the trimmings for eight people will cost 13 per cent more this year than last year, according to the latest annual […]

Devastating debt is leaving Britons with suicidal thoughts and Martin Lewis has demanded stronger protection for people behind on their payments. The founder of Money Saving Expert has worked with the Money and Mental Health Policy Institute (MHPI) to demand action to stop overwhelming correspondence chasing the money owed. The MHPI, a charity founded and […]

Here is a breakdown of the best savings accounts currently on offer the week beginning December 11, as well as the corresponding interest rates: Easy access savings accounts Account type Product name Interest rate Easy access Paragon Double Access Issue 4 5.16% Easy Access Ulster Bank Loyalty Saver 5.20% (balances above £5,000) Instant access Metro […]