As consumers revolted against former PM Liz Truss’ charge variety plans, the British pound fell to a record low in the fall. In recent years, it has enjoyed a resurgence. Sterling hit a 10-month high against the dollar on Tuesday, topping $1.25 for the primary time given that June 2022. The pound, which has superior approximately 3.3% against the greenback since the beginning of 2023, has...
The rate of inflation, accelerated in October, beating a new four-decade high as steep rises in energy and food prices drove up Brits’ cost of living.Consumer prices were up 11.1% on the level a year ago — the highest rate of inflation since October 1981 Office of National Statistics said Wednesday. It also on September a 10.1% inflation image and above the 10.7% projection in a Reuters...
UK lenders Virgin Money and Skipton Building Society temporarily withdrew mortgage deals for new customers on Monday, reacting to financial market volatility prompted by the government’s mini-budget. Lenders were struggling to accurately price their products, after the pound fell to new lows and sent the interest rate on government debts to a 12-year high, in what brokers predicted is just the...
The crypto entrepreneur Do Kwon has denied being in hiding, even as Interpol issued a “red notice” for his arrest after the collapse of the Terra project he founded. After South Korean prosecutors said he was “obviously on the run”, Kwon tweeted that he was making no attempt to evade law officers. “I’m writing code in my living room … I’m making zero effort to hide,” he said. “I go on walks and...
Mortgage deals are being pulled by banks and building societies after the fall in the pound fuelled expectations of an emergency interest rate rise. So whether you are a first-time buyer or looking to remortgage what does the mortgage market turmoil mean for you? What has happened? Hundreds of mortgage deals have been withdrawn by banks and building societies as they digest the fallout from last...
Nearly 300 mortgage deals have been pulled in the last 24 hours by banks and building societies, after a fall in the pound fuelled forecasts of a jump in interest rates to nearly 6%. HSBC and Santander were the biggest lenders to pull mortgage products, with Bank of Ireland, Clydesdale Bank, Post Office Money and building societies including Monmouthshire also among the brands to have withdrawn...
The points can be accrued by those signed up to Virgin Red, and exchanged for things like Virgin Atlantic flights, concert tickets and even a Greggs sausage roll. But is this the best way to book your train tickets, or would you earn more using a cashback website or a reward credit card? Here, Which? explains how the new app works, what the points are worth and other ways you can be rewarded for...
Marketed as a face covering for exercising, the Sportsmask has been a popular product since its launch last year. The European Commission has published a safety alert regarding the mask, because it contains the chemical polyhexanide (PHMB). The alert warns that ‘PHMB is harmful if inhaled and may cause an allergic skin reaction. By inhalation, it causes damage to organs through repeated...
The new ‘revolutionary’ credit card lets you set up multiple instalment plans alongside everyday spending, so you can avoid interest on some purchases and manage your borrowing on others. Which? explains how Tymit works, whether it could save you money and alternatives if you are looking for ways to control your credit card spending and avoid interest. How the Tymit credit card works...
Some 1.3 million coins entered Post Office tills across the UK today (Monday 7 February), the Royal Mint said. That makes the Jubilee 50p one of the rarest ever to enter circulation – though this could change if more of them are minted over the course of the year. Here, we take a closer look at the 50p’s design and whether you should hang onto one if it turns up in your change. What...