How did a seemingly normal girl from Halifax end up on a path of deception that led her to defraud her own family and friends in a half-million-pound scam? Mother-of-two Annabelle Allan, 29, used her job at Lloyds Bank as a ‘front’ to dupe friends and family – including her own brother – into investing … Read more
HSBC, Barclays and NatWest are among the big major lenders cutting mortgage rates as experts say ‘things are looking much more optimistic’. The Bank of England will cut the base interest rate. Interest rates have remained relatively high following the central bank’s decision to raise the UK base rate as it battles to bring down … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A top Federal Reserve official has backed more rate hikes if inflation remains at current levels. He says immigration and aggressive fiscal stimulus are likely to cause U.S. prices to rise faster than in other … Read more
The secrets of the phone thieves terrorizing the streets of Britain have been revealed in a sensational interview between a gang leader and Dave Fishwick, the businessman who inspired the hit film Bank of Dave and columnist This is Money. In the interview, which will air on ITV’s Good Morning Britain from 6am this morning … Read more
14 hours ago By means of Dearbail Jordan and Faisal Islam, Business reporter and economics editor Getty Images The Bank of England opened the door to a rate cut in August, which would be the first fall in borrowing costs in more than four years. In a close-run decision on Thursday, the Bank voted to … Read more
General view of the Bank of England building in London. Sopa images | Light rocket | Getty Images It keeps the central bank’s policy rate at a 16-year high of 5.25%, where it has been since August 2023. Seven members of the Monetary Policy Committee voted in favor of maintaining it, while two members favored … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Deutsche Bank has cut spending on external consultants at its private bank by 70 percent as the division tries to become more profitable after a badly failed IT project last year. Under the private bank’s … Read more
Lloyds Bank will start closing almost 20 branches across the country next week. Bank branch closures have become a common sight on the British high street, leaving many households concerned about their access to banking services. Here is a full list of the bank’s sites confirmed to close from next week, according to Lloyds Banking … Read more
LONDON — Britain had some reason to celebrate Wednesday morning as headline inflation hit the Bank of England’s 2% target for the first time in almost three years. But the print only served to convince further traders that an interest rate cut is not imminent. Money market pricing at 11am in London implied only a … Read more
Money market pricing at 11am in London implied just a 5% probability of a bank rate cut at Thursday’s BOE meeting – after registering stronger odds earlier in the week. Bets on an August cut were also cut to around 30%. While 2% inflation is an important milestone – not least as UK politicians set … Read more