Following months of speculation, the Bank of England has finally put up interest rates. Its Monetary Policy Committee voted unanimously in August for the 0.25% increase, voting 9-0 to put the Bank Rate up to 0.75%. In setting interest rates, the Bank is trying to meet a 2% inflation target, but in a way that […]
In this edition of The Briefing from Informed Choice on Tuesday 24th July 2018– No-deal Brexit, chains in financial trouble, broadband pledge for new homes, blocking foreign takeover deals, and Tesco’s discount brand. http://traffic.libsyn.com/informedchoiceradiobriefing/The_Briefing_on_Tuesday_24th_July_2018.mp3 Subscribe to The Briefing by email Enable the Amazon Alexa Flash Briefing Skill No-deal Brexit A no deal Brexit would […]
I had a pleasure of being a guest on BBC Radio 4 Money Box with Paul Lewis at lunchtime today. Finishing off my duties as Run Director at Cranleigh parkrun, I hopped in the car for the short drive to Guildford where the BBC have a contribution studio at the University of Surrey. After connecting […]
Do you use an investment platform to manage and administer your portfolio? These online platforms have become incredibly popular for investors, both for those with and without a financial adviser. A new market study, carried out by the Financial Conduct Authority, suggests that competition is working well for most consumers using investment platforms. The FCA […]
We all know how important it is to stay safe online. Fraudsters are becoming increasingly sophisticated in their attempts to steal our personal data and take away our hard earned cash. Online fraud attempts are especially prevalent when it comes to the taxman. HM Revenue & Customs (HMRC) have reported they have taken down more […]
After pumping more than €2 trillion into the economy, the European Central Bank (ECB) has announced it is bringing its bond-buying programme of quantitative easing to an end this year. Does this mean that the economies of the eurozone are back on a more stable footing following the global financial crisis of a decade earlier? […]
Our investment and economic update for June 2018 takes a closer look at how the investment markets, global economy and commodities are performing. The FTSE 100 index of leading UK company shares finished May at 7,678.20 points, up 168.9 points or 2.25% during the course of the month. The index finished with a bout of […]
First they tackled high-cost payday loans, and now the financial services regulator is taking steps to crackdown on other forms of high-cost credit too. The Financial Conduct Authority (FCA) is bearing its teeth with new proposals aimed at protecting the millions of people who use overdrafts and other types of high-cost credit. It follows a […]
Navigating a narrowboat through a canal lock requires a great deal of team work. Heading downstream, you first need to prepare the lock for your boat to enter. If a boat has been through the lock heading in the same direction before you, this means closing the downstream gates, opening the upstream paddles and refilling […]
Interest rate pressure declines as the headline rate of price inflation, the Consumer Prices Index (CPI), has fallen to 2.5% for the year to March. The fall from 2.7% the previous month means inflation has fallen to a one-year low. It comes at an interesting time, with rising wage inflation suggesting the pay squeeze is […]
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