Pound crashes to 5-week low after Labour budget
Sterling tumbles to five-week low against US dollar as Chancellor Rachel Reeves's first budget announcement triggers market concerns over UK economic stability and potential tax increases.
Category : Search result: interest rate cuts
Top Savings Accounts Beating Inflation - November 2024
Discover the best savings accounts offering inflation-beating returns this November. Our expert analysis reveals where your money can earn the highest interest rates in the UK market.
RBA holds interest rates at 4.35% for fifth meeting
The Reserve Bank of Australia maintains current interest rates at 4.35% for the fifth consecutive meeting as inflation battle continues. Governor Michele Bullock signals cautious approach despite economic pressures.
Risky 'Arm' Loans Make Worrying UK Comeback
Exclusive investigation reveals dangerous interest-only mortgages are returning to Britain's housing market, raising alarm bells among financial experts as economic uncertainty grows.
Canada's recession budget imposes austerity measures
The Canadian government has unveiled a stark austerity budget featuring sweeping spending cuts and tax increases as the nation confronts its first recession in over a decade. Key public services face significant reductions while households brace for finan
Australian Mortgage Crisis: 1 in 3 in Severe Financial Stress
Exclusive analysis reveals nearly a third of Australian mortgage holders are experiencing 'severe financial stress' with interest rate hikes pushing thousands toward breaking point. Experts warn of potential defaults and economic fallout.
RBA holds rates steady, no cuts in sight
The Reserve Bank of Australia has dashed hopes for imminent rate cuts, maintaining current settings amid persistent inflation pressures and economic uncertainty.
Amazon axes hundreds more UK jobs in new cuts
Amazon continues its global workforce reduction with significant cuts to its UK operations, affecting hundreds of employees across multiple divisions including its streaming and Alexa teams.
Libor banker jailed for rate-rigging sues UBS for £400m
Tom Hayes, the first banker imprisoned for Libor manipulation, is suing his former employer UBS for £400 million, claiming the bank pressured him into misconduct then abandoned him.
Mortgage Crisis: Millions Face £500 Monthly Payment Hikes
Exclusive analysis reveals over 2.4 million UK households face devastating mortgage payment increases of up to £500 monthly as fixed-rate deals expire amid soaring interest rates.
Japan's population crisis deepens as births hit record low
Japan faces an unprecedented demographic emergency as new data reveals the sharpest population decline in history, with births plummeting to their lowest level since records began.
Russia's population crisis deepens with 2M loss
New statistics reveal Russia's population has dropped by over 2 million since 2021, with deaths significantly outnumbering births as Putin's war and economic pressures create a perfect demographic storm.
UK Inflation Plummets to 2% Target
In a dramatic economic turnaround, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years, sparking speculation about imminent interest rate cuts and relief for households.
Australia's fertility rate hits record low: 1.55 births per woman
New data reveals Australia's fertility rate has hit an unprecedented low of 1.55 births per woman, sparking concerns about future economic stability and population ageing.
UK Wage Growth Slows Sharply as Job Market Cools
UK wage growth has hit its slowest pace in over two years while unemployment rises, signalling a cooling labour market. Meanwhile, Argentina secures IMF bailout and stock markets show mixed performance.
Mortgage Warning: Don't Make This Costly Mistake
Property owners across the UK are being warned about a costly mortgage mistake that could add thousands to their repayments. Experts reveal why you should never simply accept your lender's standard variable rate.
Government slashes museum funding in major shake-up
Major English museums face devastating budget cuts as Arts Council England redirects funding away from traditional institutions toward 'levelling up' agenda, sparking outrage in cultural sector.
Tories Unveil Radical Welfare Cuts Plan
The Conservative government announces sweeping welfare reforms that could significantly reduce benefits payments for millions, sparking immediate backlash from charities and opposition parties.
RBA Bets Against Rate Cut Despite Economic Signals
The Reserve Bank of Australia appears poised to pause interest rate cuts, signalling confidence in the economy despite contradictory data. Analysis suggests the RBA believes current conditions are stronger than indicators show.
Trump's SNAP cuts spark UK food bank crisis
As Trump administration slashes food stamp funding, British food banks report alarming surge in demand from vulnerable families facing hunger crisis.
RBA Holds Interest Rates Steady Amid Political Pressure
The Reserve Bank of Australia has maintained its current interest rate stance, opting for caution amid economic uncertainty despite political tensions. Analysis reveals the central bank's delicate balancing act between inflation concerns and economic grow
First Direct Offers Record 7.1% Easy-Access Savings
First Direct launches market-leading 7.1% easy-access savings account, beating all competitors and offering savers unprecedented returns with no restrictions.
RBA holds rates at 12-year high, mortgage pain continues
The Reserve Bank of Australia maintains cash rate at 4.35% for seventh consecutive meeting, dealing another blow to struggling mortgage holders despite easing inflation pressures.
NHS Job Cuts Crisis: ICBs Axe Hundreds of Posts
Exclusive: NHS England's new Integrated Care Boards are cutting hundreds of jobs despite promises of improved healthcare, triggering union outrage and patient safety concerns as financial pressures mount.
UK Homeowners Face Mortgage Shock as Fixed Rates Expire
Hundreds of thousands of UK homeowners are set for a financial shock as their fixed-rate mortgages expire, with experts warning of a 'payment shock' and urging immediate action to find better deals.
Australia's £50BN Debt Interest Time Bomb
Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.
US Schools Face Financial Cliff as Federal Covid Aid Ends
American schools are bracing for severe cuts as a $190bn federal pandemic aid package expires, threatening teacher layoffs, programme cancellations, and larger class sizes across the nation.
UK Inflation Stuck at 3.8% in August
New ONS data reveals UK inflation remained stubbornly high at 3.8% in August, dashing hopes of a drop and piling pressure on the Bank of England. We break down the key drivers and what it means for your wallet.
UK Inflation Holds Steady at 3.8% in July
UK inflation remained unchanged at 3.8% in July, defying expectations of a fall. The surprise hold puts pressure on the Bank of England and impacts household budgets amid the cost of living squeeze.
UK Inflation Plunges to 2.3%, Nearing BoE Target
In a dramatic shift, UK inflation has fallen to its lowest level in nearly three years, hitting 2.3% in April. This brings it tantalisingly close to the Bank of England's 2% target, putting a summer interest rate cut firmly on the table. Discover what thi
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