Category: UK Finance

CashNews.co About 4.4 million UK households could see hikes to their mortgage repayments over the next three years, the Bank of England said. The Bank’s Financial Policy Committee (FPC) said this will include £500-per-month hikes for the mortgages of around 420,000 households. Meanwhile, between one million and 1.5 million people are set to see a […]

CashNews.co Energy providers such as British Gas, EON, EDF, and OVO will be offering £150 to help struggling customers with theirenergy billsthis winter. The payment, known as the Warm Home Discount, is distributed by the Department for Work and Pensions (DWP) and is applied directly to eligible customers’ bills if their provider participates in the […]

CashNews.co Amazon (AMZN) Thousands of Amazon staff in more than 20 countries are set to protest or strike on Black Friday in a push for better workers’ rights. The international strike action is taking place on one of the busiest shopping days of the year and has been coordinated by the Make Amazon Pay campaign. […]

CashNews.co Nando’s cut its pre-tax loss during its latest financial year. (Photo by Catherine Ivill/Getty Images) Nando’s has revealed plans to open new restaurants across the UK after it cut its pre-tax loss during its latest financial year. The chain, famed for its peri-peri chicken, is to open 14 sites during its current financial year. It […]

CashNews.co By David Milliken LONDON (Reuters) -The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of the plumbing of financial markets – did find some vulnerabilities but overall showed resilience. The stress test focused on the credit resilience of the clearing services provided […]

CashNews.co In its Financial Stability report published today (29 November), the central bank noted that public debt-to-GDP ratios across major economies is forecast to continue rising due to expected primary budget deficits and higher levels of growth-adjusted interest rates. Other shorter- and longer-term trends include defence spending pressures, demographics and climate change, which could further […]

CashNews.co Yesterday, Andrew Craig, founder of investment company Plain English Finance, told Reeves that instead of growth her Budget would deliver “unemployment, insolvencies and welfare costs”. We’ve seen yet more evidence of that today. Her decision to pile another £25billion of National Insurance on employers is a complete disaster. Initially, Deutsche Bank said it would […]

CashNews.co Markets shaken by Trump post – as Luton closure set to have major consequences | What you need to know this week By Jimmy Rice, Money blog editor A single post from Donald Trump shook markets this week. The president-elect used his Truth Social account to declare that he would introduce a 25% tax on […]

CashNews.co The UK has increased its contribution to the World Bank, in a move that will boost prospects for climate finance. Next week, at a meeting in Seoul of the International Development Association (IDA) – the body that funds the World Bank’s support for low-income countries – the UK will put forward £1.98bn in funding […]

CashNews.co At COP29 in Azerbaijan, a global climate finance goal needed to be agreed to meaningfully provide the finance needed by developing countries to address the climate emergency not of their making. While countries and communities continue to pay the price of climate change with their lives, livelihoods, homes, and children’s futures, provision of finance […]