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ISA rates start uptick

Interest rates on cash Individual Savings Accounts (ISAs) are starting to rise, according to BBC News. Data from Moneyfacts indicates that rates on instant access ISAs rose from 0.68% in December 2017 to … Continue reading “ISA rates start uptick”


Grim financial fortunes for British millennials, report confirms

A report from the Resolution Foundation indicates that Britons born since 1981 – known as the millennial generation – have suffered the second biggest financial hit in the developed world, topped only by … Continue reading “Grim financial fortunes for British millennials, report confirms”


2018 could see ‘peak cash’ as debit cards take over

Data gathered by the UK Finance suggests the UK is about to move beyond ‘peak cash’ in 2018 as notes and coins are replaced by alternative payment methods, particularly in cities, according to … Continue reading “2018 could see ‘peak cash’ as debit cards take over”


UK households expect further interest rate hikes

A survey has found that most UK households expect borrowing costs to rise again following an interest rate increase in November, according to Reuters. The Household Finance Index from data company IHS Markit … Continue reading “UK households expect further interest rate hikes”


Citigroup in innovation centre boost to City of London

Citigroup is to set up an innovation centre in London, representing the first major investment by a big US bank since the Brexit vote, according to the Financial Times. James Cowles, chief executive … Continue reading “Citigroup in innovation centre boost to City of London”


US steel tariffs could trigger trade war, says German Chamber of Commerce

The German chamber of commerce has warned that US steel tariffs could trigger a trade war with major trading partners, according to Reuters. Analysts estimate that such a conflict could cut growth in … Continue reading “US steel tariffs could trigger trade war, says German Chamber of Commerce”


EU growth approaches pre-crisis levels

Figures from the European Union statistics office have confirmed that 2017 saw the bloc grow at its fastest pace in a decade, according to BBC News. In 2017 the EU expanded 2.5%, the … Continue reading “EU growth approaches pre-crisis levels”


Land Registry analysis quantifies offshore property ownership

One in four properties in England and Wales owned by overseas firms is held by an entity registered in the British Virgin Islands (BVI), according to BBC News. The tiny archipelago located in … Continue reading “Land Registry analysis quantifies offshore property ownership”


Inquiry to be held into East Coast Mainline fiasco

The House of Commons transport committee has confirmed that it will hold an inquiry into the decision to end the East Coast Mainline rail franchise early, according to BBC News. The Department for … Continue reading “Inquiry to be held into East Coast Mainline fiasco”


SFO levels charges at Barclays Bank

Barclays Bank PLC has been charged by the Serious Fraud Office (SFO) over ‘unlawful financial assistance’ said to have been given to Qatar in 2008, according to BBC News. In June 2017 the … Continue reading “SFO levels charges at Barclays Bank”


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