How to bag an Isa paying more than 1%: Nationwide launches new deal which comes with a £50 bonus for those transferring in more than £10k Nationwide’s new 18-month fixed-rate Isa will pay savers 0.75% It is open to existing customers but bonus bumps the rate up Isa rates have collapsed in the last year … Read more
More misery for half-a-million savers as Marcus Bank cuts its rate to 0.4% weeks after reopening its doors The bank reopened its doors in February paying 0.5% after closing them in June It shut after it was inundated by savers and risked breaching banking rules Move is a disappointment for those hoping its reintroduction would … Read more
Savings rates hit record low one year after first Covid lockdown sparking fears of apathy among account holders Savings rates continue to fall to record low since the start of UK’s first lockdown Average easy access savings rate is less than a third of what it was a year ago There are 383 fewer deals … Read more
Britain a nation of ‘sunny savers’: Bank of England survey reveals more than one in five believe savings rates have gone UP since last year Just 33% of a survey of nearly 4,600 people correctly said rates had fallen 19% didn’t know and 27% felt rates on mortgages and savings had not changed This is … Read more
Easy-access savings rates have fallen by seven tenths, but many mortgage borrowers have barely benefited since the Bank of England cut its base rate to an all-time low last year, data suggests. Savings rates have plummeted but some of Britain’s biggest lenders have failed to pass on the full 0.65 percentage point cut since last … Read more
Superdry boss’s fury at Chancellor for failing to reform business rates in his budget By Daily Mail City & Finance Reporter Published: 21:51 GMT, 4 March 2021 | Updated: 21:51 GMT, 4 March 2021 Superdry’s boss has lashed out at the Chancellor for failing to reform business rates. Julian Dunkerton said he was ‘disappointed’ by … Read more
The most startling number in the Budget is tucked away at the back of the Red Book. It reveals that, in the current fiscal year, which ends on April 5, the Government had to raise £483.5billion, a sum representing almost a quarter of national output. Next year it has to find a further £297.7billion. That … Read more
ALEX BRUMMER: The figures are frightening… God help us if interest rates go up By Alex Brummer for the Daily Mail Published: 22:16 GMT, 3 March 2021 | Updated: 22:17 GMT, 3 March 2021 Never in peacetime has a Chancellor of any political hue lavished sums so generously as Rishi Sunak to preserve jobs and … Read more
Rishi Sunak unveiled a raft of measures aimed at helping small businesses today. The Chancellor targeted high street firms with a business rate holiday extension until June, followed by a two-thirds reduced rate for the rest of the financial year. He also confirmed a freeze of VAT at 5 per cent for hospitality firms until … Read more
Rishi Sunak unveiled a raft of measures aimed at helping small businesses today. The Chancellor targeted high street firms with a business rate holiday extension until June, followed by a two-thirds reduced rate for the rest of the financial year. He also confirmed a freeze of VAT at 5 per cent for hospitality firms until … Read more