Will fintech banks survive falling interest rates? June 13, 2025 Fintech lenders have accelerated their swing to profitability after interest rates spiked. The UK’s neobanks pocketed record revenues in the last 12 months. Revolut’s takings grew 72 per cent topping £3.1bn. Meanwhile Monzo’s revenue hit £1bn for the first time. But this came as interest rates maintained a post-financial crisis high of 5.25 per cent [...]
FTSE 100 narrowly misses record high after housebuilders rally June 10, 2025 The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]
Is June the time to buy Premium Bonds? June 3, 2025 Premium Bond prizes range from £25 to £1m, but the odds of winning can feel very small compared to the rate savings accounts offer right now. Over 24m people in the UK own Premium Bonds, a savings vehicle offered by Treasury-backed National Savings and Investments (NS&I). Winners for June are due to be announced over [...]
Bank of England rate-setter calls for interest rate cut May 30, 2025 A top Bank of England rate-setter has dismissed the latest spike in inflation and doubled down on calls for further interest rate cuts. Monetary Policy Committee (MPC) member Alan Taylor said the fresh inflation surge was driven by “one-off factors” related to President Donald Trump’s trade war. Whilst he said recent trade progress, with the [...]
UK jobs markets suffers a fainting fit…will the patient get worse? May 14, 2025 We now know that since the start of the year the number of payrolled employees in the UK has fallen by around 100,000 – adding to the emerging narrative that when it comes to employment, things are going in the wrong direction. Fewer people employed, fewer vacancies and fewer jobs likely to be created. The [...]
What the Bank of England’s interest rate cut means for your mortgage May 8, 2025 The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
Only radical thinking can break Britain out of its doom loop May 8, 2025 While the lucky few left Tuesday night’s City AM Awards with a gleaming trophy, the evening’s other takeaway came in the form of a stimulating and provocative speech by Andy Haldane. The former Bank of England Chief Economist said that two decades of economic and social shocks – from the financial crash and subsequent Euro [...]
Andy Haldane: Government’s bid to cut red tape ‘has little chance of success’ May 7, 2025 The government’s call for regulators to slash red tape “has little chance of success” unless watchdogs’ mandates are changed in law, according to the Bank of England’s former Chief Economist Andy Haldane. Speaking at the City AM Awards in London’s Guildhall, Haldane criticised the government’s policy of seeking regulatory reform “via exhortation and press release” [...]
Fed expected to hold interest rates and vex Trump May 7, 2025 The US Federal Reserve will not bring interest rates down until July, Goldman Sachs has predicted, in what may spark a fresh conflict between President Trump and Fed chair Jerome Powell. The world’s most powerful central bank has held back from making interest rate cuts due to a foggy outlook on what a trade war [...]
Bank of England to delay interest rates decision – by two minutes May 6, 2025 The Bank of England will delay the release of its latest decision on interest rates this Thursday – by two minutes. The highly unusual change was made to accommodate a two-minute silence to commemorate Victory in Europe Day this week. It means Brits will only be informed about the Monetary Policy Committee (MPC)’s decision to [...]