City welcomes US interest rate rise
Economists in London have welcomed the US central bank's decision to raise American interest rates by a quarter of a percent.
Analysts said the Federal Reserve's widely...
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Hyundai strikers seek to top US pay rates
Forty thousand workers at South Korea's top carmaker, Hyundai, yesterday began a two-day strike for higher wages, heightening investor fears of another summer of union un...
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NS&I puts up its rates
National Savings and Investments (NS&I) is increasing the interest rates it offers on its variable rate and fixed rate products by between 0.15% and 0.25% in response...
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Expectations fall for July rate rise
The Bank of England revealed yesterday that its monetary policy committee voted unanimously to raise rates earlier this month but gave no indication that it was going to ...
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Rates policy still 'gradualist', says Bank chief
Mervyn King, the governor of the Bank of England, today insisted that the Bank had not ditched its "gradualist" approach to raising interest rates.
Earlier this month, t...
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Council tax collection rates up
English taxpayers paid nearly £16bn in council tax last year, the Office of the Deputy Prime Minister said yesterday. Ministers also hailed a small increase in colle...
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Bears take little interest in the rates
British interest rates have risen steadily since touching 3.5 per cent last year, a 48-year low. They currently stand at 4.5 per cent, after four one-quarter point hikes ...
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Fed chief says US rates will go up
The US Federal Reserve is still planning to raise interest rates gradually but is fully prepared to tighten policy more aggressively if necessary, Alan Greenspan said yes...
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House prices rocketing despite recent rate rise
Property prices continued to soar in May, rising 2.2% and taking the price of the average UK house to ?157,849.
According to the monthly house price index published by ...
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US rates set to rise as job numbers grow
Another 284,000 jobs were created by the US economy in May as signs that the country's "jobless recovery" was over grew, Labour Department statistics showed today.
The n...
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