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The first quarter of 2024 saw a 4.2% increase in the value of outstanding mortgage balances with arrears from the previous quarter, hitting £21.3billion

Lenders are making billions through a little known scheme under which they receive interest payments on reserves they have to hold at the Bank of England.

First time buyer numbers fell last year to their lowest number since 2013 and one in three agents say buyer interest is even lower so far this year.

The key ECB rate has come down to 3.75 percent which compares to 5.25 percent figure in the UK.

The ECB is not known for its boldness. But after five years of holding its key interest rate, it delivered a quarter of a percentage point cut.

Old banknotes can be swapped for new ones featuring the King

Wage growth is expected to fall by 1.5 percentage points over the next 12 months according to the Bank of England, strengthening the case for rate cuts this summer.

Competitors pitched their original business concepts to a panel of esteemed judges, including Jill DelGrosso, Vice President, Global Field Effectiveness at Zuora; Patrick Good, Assurance Partner at Ernst & Young LLP (EY US); Sharon Keeley,…

The European Central Bank has cut interest rates for the first time in five years, with the eurozone's key rate falling 25 basis points to 3.75 per cent.

When will the Bank of England follow?

ECB reduces rate to 3.75% across eurozone, putting it ahead of US Federal Reserve and Bank of England

The new notes entered circulation for the first time on Tuesday and already members of the public have started flogging them on eBay for triple their face value.

Namibia were superb in the 'Super Over' win over Oman and that trial by fire would have given them the confidence to take on Scotland, who will be playing their second game after their opener against England was rained off.

Seven major banks have joined forces to roll out 'multi-bank deposit ATMs' that will enable customers without a local bank branch to withdraw and deposit cash easier

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People wanting to get the hands on the new cash which will be very rare only have until the end of June, officials warned