Fixed-rate credit cards have arrived
We're used to fixed-rate mortgages, personal loans and savings bonds, but now the concept is being extended to credit cards.
This week saw the Co-operative Bank launch ...
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MPs demand quick rate cut
MPs warned yesterday that the economy is in danger of sliding into recession unless the Bank of England abandons its hawkish stance on inflation and cuts interest rates i...
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European bank to cut rates
The European Central Bank is set to cut interest rates to counter widespread fears of a US recession crossing the Atlantic.
The cut, possible as early as this week, wil...
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Action urged on student debt to cut drop-out rate dropping out
The government is today urged by a Labour-dominated committee of MPs to give careful consideration to its plans for an expansion of the number of people entering higher e...
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Markets give thumbs down to Fed rate cut
World stock markets dived again yesterday, as investors gave the United States Federal Reserve the thumbs down for failing to jump-start the American economy with a sharp...
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US cuts interest rate
The US Federal Reserve reinforced its determination to steer the American economy off the rocks of recession yesterday by cutting interest rates by a half-percentage poin...
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US interest rates cut to 5%
The US central bank cut the cost of borrowing for the third time in as many months yesterday warning that the world's biggest economy faced "economic weakness in the fore...
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Interest rate cut may come this time
The long wait may soon be over. It is a full year since the Bank of England's monetary policy committee deemed it necessary to change interest rates but, as its nine memb...
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Traders hold out for rate cut
Strong performances from oil companies BP and Shell and a late cameo from BT were just enough to push leading shares higher yesterday.
But while the final reading ma...
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Miserly interest rates get the bird
Loyal savers are still being short-changed by major high street banks and building societies, some of which are getting round the code of practice designed to protect cus...
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