House equity withdrawal rate slows
The rate at which Britons are withdrawing equity from their homes has slowed, figures showed today. The Bank of England said that people took ?15.76bn out of their proper...
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Fed turns tide on US interest rates
America's central bank, the Federal Reserve, served notice last night that rock-bottom interest rates in the world's biggest economy were a thing of the past when it rais...
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Fed poised to raise interest rates
The US Federal Reserve was tonight expected to raise interest rates for the first time in four years, amid signs that the US economy has finally begun to generate jobs.
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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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