CashNews.co A financial expert has warned that people with cash in ISAs could be at risk if Labour decides to make a tax raid on their savings. Speculation is growing about how the government plans to fill in a £22 billion black hole in the public finances it says it inherited from the last Conservative […]
CashNews.co 18 September: Bank Rate Likely To Hold At 5% Tomorrow The headline rate of inflation rose by 2.2% in the 12 months to August, unchanged from July, according to figures out today from the Office for National Statistics, writes Kevin Pratt. But once volatile prices for items such as food, alcohol, tobacco and energy […]
CashNews.co By Suban Abdulla LONDON (Reuters) -British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets that the central bank will keep interest rates on hold on Thursday. Consumer price inflation of 2.2% last month was […]
CashNews.co Nominations for the 2024 Scottish Chief Financial Officer Awards are nowopen for entry Leading business and financial adviser, Grant Thornton UK LLP, has again teamed up with international law firm Addleshaw Goddard, leading executive search firm FWB, and leaders in global finance, Barclays Corporate Banking, to announce the return of the Scottish Chief Financial […]
CashNews.co Post Office boss Nick Read is set to step down from the role next year, the company has said. Mr Read described it as a “great privilege” to have worked as chief executive in an “extraordinarily challenging time for the business and for postmasters”. He had previously announced his intention to temporarily step back […]
CashNews.co Annual house price growth has slowed, but private rents continue to climb at a “near-record rate”, according to an Office for National Statistics (ONS) report. Across the UK, property values increased by an estimated 2.2% in the 12 months to July to reach £290,000 on average, slowing from a 2.7% increase in the 12 […]
CashNews.co Microsoft (MSFT) Tech giant Microsoft is teaming up with asset manager BlackRock (BLK), as part of a group of companies, to launch a fund worth more than $30bn (£22.7bn) to invest in the development of artificial intelligence (AI) data centres and the energy projects to power them. Chipmaker Nvidia (NVDA) will also be supporting […]
CashNews.co By Lindsay Dunsmuir and Ann Saphir (Reuters) – The Federal Reserve is set to cut U.S. short-term borrowing costs on Wednesday, a watershed moment that should start to ease some of the financial pressures everyday consumers have felt over the two and a half years that the central bank has battled with high inflation. […]
CashNews.co UK private rents climbed at a near-record rate to 8.4% in the year to August, with London leading the surge, according to official figures. The increase in private rents is almost four times that of inflation, which rose 2.2% in August, figures from the Office for National Statistics (ONS) showed. In August, the average […]
CashNews.co Image source: Getty Images FTSE 100 incumbent RELAX (LSE: REL) is one stock I’d love to buy when I have some free funds to invest. Let me explain why! Data king I’d agree with those willing to argue that RELX probably isn’t a household name. It doesn’t have the same pull as other popular […]