Banking And Finance NEWS

Bank of England cuts interest rates to new record low

The Bank of England?s Monetary Policy Committee (MPC) has announced a cut in the base rate as part of a package of measures designed to boost growth following the UK?s vote to leave … Continue reading “Bank of England cuts interest rates to new record low”


Brexit will hit UK jobs, IoD survey finds

Leaving the European Union will lead to job losses in UK businesses, according to a survey released today by the Institute of Directors (IoD). The organisation?s snap business reaction survey revealed that nearly … Continue reading “Brexit will hit UK jobs, IoD survey finds”


Silver spenders jump on the contactless bandwagon

Credit card provider Barclaycard revealed on Thursday that the ‘touch and go’ method of paying for goods is becoming increasingly popular with the older generation in the UK. Contactless usage is growing among all age … Continue reading “Silver spenders jump on the contactless bandwagon”


Bank of Mum and Dad will help to finance 25% of all UK mortgage transactions this year

New research published on Tuesday by the Centre for Economics and Business Research (Cebr) and FTSE100 financial services group Legal & General shows that the Bank of Mum and Dad will lend over GBP5bn this year, to enable … Continue reading “Bank of Mum and Dad will help to finance 25% of all UK mortgage transactions this year”


New Royal Bank of Scotland £5 and £10 polymer notes to feature two female Scottish writers

The Royal Bank of Scotland revealed on Monday that its new GBP5 polymer notes will feature Scottish novelist and poet Nan Shepherd, while the new GBP10 notes will feature Scottish science writer and polymath Mary Somerville. Following polling surveys … Continue reading “New Royal Bank of Scotland £5 and £10 polymer notes to feature two female Scottish writers”


UK business confidence bounces back

Financial services provider Lloyds Banking Group published the Lloyds Bank Business Barometer for March 2016 on Thursday, which reveals improved business confidence in the UK. According to the latest Lloyds Bank Business Barometer, UK business confidence … Continue reading “UK business confidence bounces back”


LSE and Deutsche Boerse revisit merger plans to create £21bn exchange giant

Merger terms have been agreed between two exchange companies, the London Stock Exchange Group (LSE) and Deutsche Boerse, to create one of the largest exchange companies globally, with a combined value of approximately … Continue reading “LSE and Deutsche Boerse revisit merger plans to create £21bn exchange giant”


Contactless card payments gain in popularity

The UK Cards Association reported on Friday that the amount consumers spend using contactless cards has trebled over the past year in the UK to GBP7.75bn, a rise of 233% compared to GBP2.32bn … Continue reading “Contactless card payments gain in popularity”


Auction of iconic James Bond Aston Martin expected to raise £1 million for charity

British luxury car maker Aston Martin is to auction a DB10 car created exclusively for the James Bond film Spectre, which is anticipated to make at least GBP1m for charity, it was reported … Continue reading “Auction of iconic James Bond Aston Martin expected to raise £1 million for charity”


UK Government waives VAT on NHS Choir’s Christmas charity single A Bridge Over You

Chancellor of the Exchequer, George Osborne, declared on Wednesday that UK health charities will benefit from the government’s donation of the equivalent to the UK VAT payable on domestic sales of A Bridge … Continue reading “UK Government waives VAT on NHS Choir’s Christmas charity single A Bridge Over You”


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