It’s a knockout – MPs grapple with new interest rate guidance
MPs were hoping to get clarity on Mark Carney’s “forward guidance” on interest rates today – but most were left scratching their heads.
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Payday loans costs will be capped under plans being announced by the government on Monday.
Channel 4 News has learned that RBS has been seizing properties from customers only for a subsidiary of the bank to buy them at knock-down prices.
MPs were hoping to get clarity on Mark Carney’s “forward guidance” on interest rates today – but most were left scratching their heads.
There is no conflict of interest for Rangers and Celtic to use the same top Scottish law firm, despite claims from Rangers fans, especially in such a small legal pool.
Banks sold small businesses interest rate swaps to protect them from increases in interest rates. The problem is, hidden penalties began to kick in when the rates tumbled.
Former Barclays chief executive Bob Diamond tells MPs he did not believe he was “instructed” by the Bank of England to submit lower borrowing rates during the 2008 financial crisis.
Barclays is to pay £290m in fines for attempting to manipulate inter-bank lending rates for its own gain as its chief executive agrees to give up his bonus.
Faisal Islam on how scrapping national pay bargaining might save lives, and why it will be rather difficult.
The cross-dressing artist Grayson Perry has curated a new exhibition at the British Museum – mixing his own work with the pick of their collection.
Wall Street rallies after the United States Government restores confidence by taking the unprecedented step of pledging to hold US interest rates near zero for two years.
George Osborne’s new communications mantra is that Britain is a “safe haven in a storm”, that Britain is “stable”. To my occasionally cynical mind this seems to be a tacit admission that the Treasury recognises it has little to boast about so far as regards the economic numbers. The best that can be hoped for is stability. Stability is better than chaos. And if stability means austerity and that means low growth, than for the moment, so be it.
Record discounts in the summer sales help deliver a surprise fall in inflation, which economists say could see the Bank of England freezing interest rates until spring 2012.
As interest rates stay on hold for the 25th month in a row, Channel 4 News asks a mortgage expert whether homeowners should be preparing for a rise later this year.
People who get government help to pay their mortgage interest are going to see that help cut by half from October 1st. It may save £15m but who’s it going to hit the hardest?
We spoke to Andrew Bailey, the Governor of the Bank of England, and started by asking him whether people could be confident he’d got inflation under control and interest rates had now peaked.