‘Extremely rare’ £5 note which dates back to 1900 could fetch up to £16,000 at auction It was first issued at the Bank of England’s Leeds branch By Daniel Fessahaye Published: 16:53 BST, 26 September 2023 | Updated: 18:04 BST, 26 September 2023 An ‘extremely rare’ £5 note that was printed over 120 years ago … Read more
Ministers have warned the state pension triple lock is ‘not sustainable in the long term’ after surging wages put OAPs on track for a bumper rise next year. Under the triple lock, the payouts go up in April by the highest out of average earnings, CPI inflation or 2.5 per cent. The pay number for … Read more
HSBC buys failed lender Silicon Valley Bank UK following government crisis talks after British tech firms were left on the brink by US bank collapse Customers of SVB UK will be able to access their deposits as normal from today California-based parent company imploded and US regulators seized its assets By Mark Duell for MailOnline … Read more
FTSE 100 hits new ALL-TIME high of 7,906 after global stocks rally on signs of resilience in US and UK economies, while central banks hint at end to interest rate hikes The FTSE 100 index has reached a new all-time high level during trading today Boosted by jobs figures in US as well as signs … Read more
Even Bank of England staff reject pay rise offer despite Governor Andrew Bailey urging workers to exercise restraint Workers were urged to ‘do their bit’ to help curb inflation now at 11 per cent But trade unions at the Bank have rejected the offer of a three per cent pay rise Bank says it will … Read more
Boris Johnson REFUSES to take action to ease cost-of-living pain before quitting No10 in A MONTH: PM returns from honeymoon but will leave it to successor to act – as Gordon Brown blasts him and Chancellor for holidaying during economic crisis Ex-PM suggested recalling Parliament from its long summer holiday over crisis Bank of England … Read more
Renting has become cheaper than buying a property after last week’s Bank of England interest rate rise, new research has claimed. The monthly cost of owning an average home with a 10 per cent deposit mortgage is now slightly higher than renting it, despite rental inflation hitting double digits for the first time in at least … Read more
Interest rates are set to rise AGAIN with Bank of England taking base above 1 per cent for the first time since 2009 in bid to tackle rampant inflation Interest rates have bumped up rates four times since December Prices jumped by 9 per cent, the highest rate of inflation since the 1980s if rates … Read more
Bank of England discovers it owned 599 slaves in Grenada in the 1770s after claiming it was ‘never directly involved’ in the trade The Bank of England owned 599 slaves when it bought two plantations in 1770s The revelation came to light in research after 2020 Black Lives Matter protests A new exhibition showcases the … Read more
The prospect of double-digit inflation this autumn, as surging energy and wheat prices force up the cost of living, means that the latest quarter-point hike in the Bank of England’s interest rate to 0.75 per cent will not be the last. So with Putin’s war against Ukraine taking an enormous bite out of Britain and … Read more
Rishi Sunak today refused to back the Bank of England‘s plea for workers to shun big pay rises despite soaring inflation. The Chancellor said it was ‘not the government’s role’ to get involved in negotiations between companies and employees. The thinly-veiled rebuke to Bank chief Andrew Bailey – who last week urged ‘restraint’ on salary … Read more
Households are borrowing more and putting less money into savings, according to Bank of England figures. Some experts pointed to the statistics as evidence of people trying to maintain their lifestyles as their incomes are battered by high Inflation. They also said the figures suggest householders are starting to dip into extra savings built up … Read more
Millions of homeowners could face £1,000 hike in mortgages if interest rates keep rising Homeowners can expect higher mortgage bills if interest rates keep rising Analysts predict the base rate could hit one per cent before the end of year The higher rates are expected to put more pressures on struggling families By Victoria Bischoff … Read more