Huge change to compensation rules plotted by financial ombudsman after spike in complaints
A HUGE change to compensation rules is being plotted by the financial ombudsman after a spike in complaints.…
BOE’s Bailey urges closer EU trade to reverse Brexit damage – Fortune
BOE’s Bailey urges closer EU trade to reverse Brexit damage FortuneRachel Reeves set to confirm extra money to spend…
BoE’s Breeden sees loosening labour market and disinflation, Sunday Times reports
MANCHESTER, England (Reuters) -Bank of England Deputy Governor Sarah Breeden highlighted a weakening labour market and slow economic…
Bank of England rate-setter Alan Taylor ‘pretty concerned’ by economic outlook
A rate-setter at the Bank of England has said he remains “pretty concerned” about the economic outlook as…
Investors warn of long-term damage from government and BoE market intervention
But investors are concerned central bank ‘puts’ and government interventions risk doing more harm than good to financial…
Mortgage crisis looms as HALF A MILLION households could see monthly repayments rise by £510 this year
Nearly half a million homeowners who secured five-year fixed rate mortgages in 2020 are facing substantial increases in…
Ex-BoE deputy governor Charlotte Hogg appointed as CEO of Alter Domus
Hogg will succeed Doug Hart, who has served as CEO since 2019 and will be staying on in…
Santander, Nationwide and Halifax increase mortgage rates as Barclays delivers grim interest rate forecast
Major UK lenders have increased mortgage rates following higher-than-expected inflation figures, reversing weeks of steady cuts. Santander, Nationwide…
A blow to the US economy takes the shine off a UK-EU trade deal
As the unseasonably warm weather continued, there was a thawing in relations between the UK and its European…
HSBC to make huge change to eight bank accounts used by millions of customers in weeks
HSBC is making a major change to eight of its bank accounts within weeks. The bank and lender…
Major mortgage lender makes big change that will let first-time buyers borrow up to £30k more
FIRST-TIME buyers have been given another boost after a fourth major lender slashed its affordability rules. Barclays has…
UK Central Bank Could Ease ‘Ringfencing’ Rules for Lenders
The Bank of England is reportedly looking to ease its “ringfencing” rules for British lenders. As the Financial…