So far in 2023, the big investment buzz has been generated by the artificial intelligence (AI) revolution. Stocks such as US chipmaker Nvidia have soared as investors race to pick winners before AI transforms the world and tech profits surge even higher. Nvidia isn’t the only US stock that has been flying this year. Performance […]
The former chairwoman of Wilko has apologised to the thousands of workers who lost their jobs when the retailer went bust. Lisa Wilkinson told MPs on the Business and Trade Committee that former prime minister Liz Truss’s mini-budget was one of the reasons behind the company’s collapse in August this year. She said: “I am […]
Barclays, Halifax and NatWest have slashed mortgage rates again this week, with a number of deals under five percent now on offer. Even with swap rates, which are what lenders use as one of the factors to price mortgages, increasing slightly in the past few days, lenders seem ready to reduce their margins in what appears to […]
Andrew Bailey, governor of the Bank of England, has warned UK interest rates will remain at their current level for some time in order to drag inflation back to the Bank’s two percent target. The governor has again pushed back speculation about rate cuts, saying the fight to bring inflation down to two percent is […]
DWP benefits are set to rise inline with inflation in 2024 (Image: GETTY) Millions of households who claim benefits will see their payments rise next April by 6.7 percent, the Government has confirmed. Most DWP benefits and Tax Credits will increase by 6.7 percent, in line with September’s inflation rate. The uplift was confirmed by […]
Rising cases of droughts and flooding due to climate change mean consumers are paying an extra £350 a year for their groceries, a study says. Research from the Energy & Climate Intelligence Unit found food bills have increased by £361 in 2022 and 2023, compared to 2021 prices. Food bills increased by £605 because of […]
With interest rates expected to stay higher for longer and the tax bands remaining frozen until 2028, consumers now face a cavernous savings tax trap – however, there may be ways to avoid this. The tax burden is set to rise to a post-war high of 37.7 percent of GDP, new figures show. Over the […]
Energy customers in a small property are still thanking their lucky stars after a visitor smelled gas in the front garden. Thanks to swift action by the network operator’s emergency service, a leak from a hole in the pipe connecting the property to street was detected and a potential explosion was averted so everyone stayed […]
With bills set to soar during winter, Britons are encouraged to take preventative measures to cut the costs of utility bills. Although Ofgem announced a seven percent energy price cap reduction this winter, the cost of bills remains historically high. Combined with the wider cost-of-living challenges, many families will still struggle to pay their bills […]
Coventry Building Society has announced the launch of a new savings account with a favourable interest rate of seven percent. This is an exclusive offering for the financial institution’s loyal members and can be opened by customers who have been with the society since January 1, 2022. Thanks to the new Loyalty Regular Saver account, […]
