Wages in the U.K. continued to grow rapidly in the three months to April, a concern for the Bank of England as it prepares for a policy meeting next week.
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.
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.
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.