Egg rate falls below 6% as losses mount
Egg, the savings account that has reeled in ?5bn from 500,000 savers since its launch last October with the lure of market-leading interest rates, last night cut its rate...
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Industry turns on Bank as rates held
The Bank of England yesterday made a concerted effort to talk down the level of sterling on the foreign exchanges after admitting that its decision to leave interest rate...
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Interest rates unchanged at 5.25%
The Bank of England today put interest rates on hold amid signs that the current round of reductions was at or near an end.
After seven cuts in the last eight months,...
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Store chains 'use minimum wage to slash rates
Some high street stores are using the lower limit set by the minimum wage to slash rates of pay for younger workers, according to trade unions.
Ministers have been aske...
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Recipe of no frills and top rates proves hard to beat
Opportunities for punning headlines were legion when the Prudential began its Egg direct banking operation last October. But now serious consideration has replaced the wi...
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Rate cuts lure shoppers back to stores
Britain's reluctant consumers are gradually returning to the shops as lower interest rates dispel fears of recession this year, according to government figures released y...
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Rate cut voting suggests more to come
Expectations that interest rates have reached a trough were challenged yesterday by news that all nine members of the Bank of England's monetary policy committee voted fo...
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Standard Life puts up savings rates
Competition for the nation's nest-egg money stepped up a gear yesterday when Standard Life Bank announced it was bucking the rate reduction trend by increasing some of it...
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ECB pegs rates even as euro wilts
The European Central Bank yesterday shrugged off political pressures and mixed signals about the outlook for the European economy by keeping interest rates on hold.
Th...
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Upset as Bank pegs interest rates
The Bank of England disappointed industry and homeowners yesterday by leaving interest rates unchanged amid tentative evidence that the economic slowdown may have pulled ...
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