Monzo to follow Revolut and Klarna with launch of mobile service August 19, 2025 Monzo has become the latest fintech darling to expand its lifestyle reach with the firm exploring the development of mobile phone services. The London-based firm is looking to offer a Monzo-branded service to its over 12 million in account holders. The service would follow rival Revolut issuing plans in April to enter the mobile market [...]
Bank of England may face lower inflation despite ‘Oasis bump’ August 18, 2025 Bank of England forecasts on inflation for July could be too high despite suggestions Oasis concerts could make prices jump, forecasters have said. The Bank’s last Monetary Policy Report took a gloomy view on the state of the UK economy as it claimed inflation would hit 3.8 per cent in the month of July. But [...]
Rental crisis in London worsens: ‘Payments border on the obscene’ August 18, 2025 Rents in London are taking up a larger portion of tenants’ earnings again after three years of improvements. Private renters on a median household income in the capital paid 41.6 per cent of their earnings on rent last year, up from 38 per cent in 2023 and the highest figure since 2021. The cost of [...]
‘Weak fiscal position’ pushes UK borrowing costs to 27-year high August 18, 2025 Government borrowing costs have jumped over the past two weeks, flashing warning signs for Chancellor Rachel Reeves. The 30-year gilt yield hit 5.57 per cent on Friday before falling back to stick around 5.54 per cent when trading began on Monday. Gilt yields are higher than levels seen in April after President Trump announced sweeping [...]
Rightmove: Average price tag on home has fallen £10,000 over summer August 18, 2025 The average price tag on a home has tumbled by more than £10,000 across the summer, falling by nearly £5,000 month-on-month in August alone, according to a property website. Across Britain, the average price of a home coming to market fell by 1.3 per cent, or £4,969, month-on-month in August to stand at £368,740, Rightmove [...]
The five fintech segments to watch August 18, 2025 Global fintech funding slumped to its worst half-year in five years in the first six months of 2025. Investment reached $44bn (£32.47bn), falling from $54.2bn the year prior, whilst the number of deals fell from 2,376 to 2,216. Weak investment in the three months to June 31 2025, hurt the headline figures, with just $18.7bn [...]
UK inflation to rise as summer spending pushes up hotels and airfares August 17, 2025 UK inflation is set to have edged higher last month as summer spending pushed up flight and hotel costs, and food prices continue to climb. One economist said an “Oasis bump” could have contributed to higher accommodation prices in July. Consumer Prices Index (CPI) inflation is widely expected to have increased in July, from the [...]
Premier League: How to spot, and avoid, ticket scams August 16, 2025 With the Premier League back across the country, how do fans avoid being scammed by fraudsters to the tune of hundreds of pounds? Fraud is currently the most prevalent crime against individuals in the UK, accounting for an estimated 41 per cent reflected in the Crime Survey for England and Wales for the year ending [...]
Thames Water’s cash crunch intensifies as bailout rumours swirl August 15, 2025 Thames Water faces a race against time to avoid collapse even after securing a short-term cash injection. The UK’s largest water company is set to run out of money as soon as September 2026 should it fail to secure a financial lifeline in the form of a recapitalisation deal. The utility company said the second [...]
Once bitten, twice inflated: The Bank of England’s rate cut conundrum August 14, 2025 After the MPC’s historic second vote on interest rates, is the Bank of England torn between fears of recession and inflation, asks Helen Thomas Seventeen years ago this month, the Bank of England produced its quarterly Inflation Reportas usual. In the 56 pages, the Bank’s forecasters laid out carefully crafted charts andanalysis of how growth [...]