How he rates: Alex Hains
The Nos Galan race has been run since 1958 and commemorates the exploits of Guto Nyth Bran (1700-37) of Llanwynno who accepted a challenge to run 12 miles from Newport to...
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Split vote at Bank of England lifts hopes of interest rate cut
The prospects of an interest rate cut early in the new year were heightened yesterday after minutes of the Bank of England's interest rate meeting this month showed one o...
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Expectations of cut in interest rates grow
Market expectations of a rate cut early next year rose as it emerged today that a Bank of England policymaker had favoured a reduction earlier this month.
Stephen Nickel...
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Fed raises US interest rates but signals change of mood
The US central bank, the Federal Reserve, bumped up interest rates by a quarter of a point to 4.25% last night, the highest level since the middle of 2001, but hinted it ...
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ING Direct to cut interest rate to 4.5% next month
ING Direct said yesterday that it would cut its interest rate from 4.75% to 4.50% from January 1, blaming "less favourable investment conditions". The Dutch-owned bank ha...
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Interest rates on hold at 4.5%
The Bank of England froze interest rates at 4.5% today, keeping the core rate unchanged for a fourth successive month.
Members of the Bank's monetary policy committee (M...
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EU in deadlock over move to retain lower VAT rates
A deal to retain lower VAT rates across Europe for business was in the balance last night after the new German coalition government threatened to veto the move.
Finance ...
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Manufacturing fall boosts expectations of rate cut
British manufacturing output unexpectedly fell at its sharpest pace in seven months in October, raising fresh concerns about the sector's recovery from recession.
Figure...
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Zero corporate rate goes in clampdown on loopholes
The chancellor executed a U-turn yesterday by scrapping the zero rate of corporation tax he introduced just three years ago in a bid to prevent self-employed people becom...
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Interest rates expected to hold steady
The Bank of England holds its latest interest rate meeting on Wednesday and Thursday with financial markets widely expecting the monetary policy committee to leave intere...
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