The Bank of England needs to cut interest rates as there is a risk the UK could go into a period of deflation with a drop in household incomes, an economist has urged. Julian Jessop, economics fellow at the Institute of Economic Affairs, told Express.co.uk: “If the Bank of England doesn’t cut interest rates sooner […]

Gary Stevenson’s account of becoming one of the most successful traders at one of the world’s biggest banks might be subtitled “A confession”, but don’t expect any teary admissions of guilt. In fact, anyone picking up The Trading Game in anticipation of a hand-wringing apology for the sins of the City is likely to be […]

Banks and building societies have increased cash Isa rates in recent weeks but now the process has stalled, said Anna Bowes, founder of savings rate tracking service Savings Champion. “That’s disappointing as we get closer to the end of the tax year, but there are still some attractive rates available right now.” Cash Isa rates […]

The Department for Work and Pensions has warned that benefits claimants could lose up to £5,000 a year due to changes in work capability assessments. The planned changes to the work capability assessments, which will take place next year, could affect 516,000 people currently claiming benefits. The changes mean that fewer people will receive extra […]

Four in five savings accounts now beat inflation – top 10 savers and ISAs today (Image: Getty) The drop in the Consumer Price Index (CPI) means the vast majority of savings deals now beat inflation, new data shows. The CPI fell to 3.4 percent in the 12 months to February, down from four percent in […]

House prices fell 0.6 percent over the 12 months to the end of January, but the rate of decline has slowed sharply, according to official figures. Office for National Statistics deputy director for prices Matt Corder said that while the cost of an average home in the UK dropped 0.6 percent to £282,000 on an […]

Aviation regulators are considering cutting the fees Heathrow is allowed to charge airlines for using it next year and in 2026 by approximately six percent. The Civil Aviation Authority said that it will hold a six week consultation on Heathrow’s airline levies and make a decision on what level to cap them in the summer. […]

Burnley is the most affordable town in the UK when it comes to local people being able to buy a house. The average property in Burnley was bought for £101,000 in the year to January, according to the latest data from the Land Registry. That makes it the cheapest local authority in which to buy […]

Martin Lewis has issued a warning to couples that share finances to avoid a “disastrous” mistake. The warning comes in response to a woman called Angela writing into Money Saving Expert that she had saved £19,000 since her divorce 20 years ago using Mr Lewis’ tips and tricks. Angela said she had been left in […]

Money app Plum has launched a cash ISA offering a market-leading 5.15 percent interest rate. Savers can put away up to £20,000 a year in the account, which is the maximum a person can put into ISAs under the current allowance. The easy access account can be opened with as little as a £1 deposit […]