The end of forbearance: Britain’s Roadrunner moment
Low interest rates, low corporate insolvency rates, interest-only mortgages – they’re all masking the true depth of the UK’s financial crisis.
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Average household debt has doubled in a decade despite low interest rates, says the Centre for Social Justice, with total UK debt rising to a peak of £1.4tn.
The Bank of England raises its growth forecast for the economy, but says interest rates will not automatically rise if unemployment falls faster than previously predicted.
Exclusive: Bank of England Governor Mark Carney talks to Channel 4 News about the recovery, what it means for real wages and whether he will raise interest rates.
Payday loan companies argue that a cap on interest rates would force people to turn to loan sharks. But Stella Creasy says it has worked in other countries – is she right? FactCheck investigates.
Mark Carney tells Channel 4 News the Bank of England has sympathy for suffering savers, as he announces interest rates will be kept at record lows for years to come to help the economic recovery.
Payday loan companies lent money at soaring interest rates to people with mental health issues, the under-18s, and customers who were drunk when they took out the loan, a debt advice charity reveals.
New figures released by Halifax show that falling house prices and low interest rates make buying a home £1,440 cheaper a year than renting.
Low interest rates, low corporate insolvency rates, interest-only mortgages – they’re all masking the true depth of the UK’s financial crisis.
It is the most powerful job ever advertised in Britain. It’s not just that the Bank of England Governor sets monetary policy, interest rates for savers and for borrowers.
The committee investigating the Libor rate-fixing scandal questions Jerry del Missier, Barclays’ ex-chief operating officer, who reportedly earned £40m a year when the bank was rigging interest rates.
The Serious Fraud Office is investigating claims that banks rigged benchmark interest rates to boost their bonuses in a scandal that has already forced out three Barclays executives.
Britain should cut interest rates and consider quantitative easing to stimulate growth, the IMF says, on the back of reports showing 3 per cent inflation and predicting the recession is almost over.
Angela Merkel says EU leaders have a “duty” to come to an agreement ahead of the EU summit in Brussels, as the European Central Bank drops interest rates to try and rescue EU banks.
So-called “payday loans” are facing increasing criticism from campaigners for their uncapped interest rates and ease of access but what are the alternatives? Channel 4 News investigates.
The Bank of England holds interest rates at 0.5 per cent and refuses to extend its quantitative easing programme to boost the supply of money in the economy.