News
Donald Trump’s bad tariff economics are also bad politics
1+ hour, 51+ min ago (720+ words) The confusions were many, including assuming immigration means just asylum seekers, who do not (officially) work. But they accounted for just over a tenth of immigrants in the latest 12 months, a small minority. Nor, to correct another myth, are the…...
Bailey eyes interest rate cuts after ‘baked in’ fall in inflation
4+ hour, 21+ min ago (453+ words) The governor of the Bank of England expects to see more interest rate cuts this year amid a "baked in" fall in inflation to the 2 per cent target by April and rising unemployment. Andrew Bailey told MPs on the cross-party…...
Investors make three times more money than cash savers
1+ day, 2+ hour ago (484+ words) Cautious savers leaving their money in cash would have made three times more if they had invested their earnings instead. Moneyfacts, a financial data firm, compared the returns on the average cash Isa in the 12 months to February with the…...
UK unemployment rate hits five-year high and wage growth cools
1+ week, 5+ hour ago (838+ words) Unemployment has hit a five-year high as youth joblessness reached historic levels amid a hiring freeze for entry-level jobs after the government's multi-billion pound payroll tax increase. The rate of unemployment in the UK economy ticked up to 5.2 per cent…...
Savers leave £325bn languishing in zero-interest accounts
1+ week, 11+ hour ago (425+ words) There are 6.5 million current accounts holding "10,000 or more earning no interest " and 340,000 with more than "100,000. In total "324.8 billion is sitting in current accounts that pay nothing. That money could earn "14.6 billion in interest a year if it was moved to…...
‘Ridiculous’ interest rates discourage small business borrowing
1+ week, 1+ day ago (1056+ words) Stephen Dial, co-founder of Charles Grey Menswear, has expanded his Durham-based business to supply 90 retailers across the UK and Ireland in just over two years. But finding the fuel for that growth was an experience that wore him thin. "No…...
Fed-up Americans wish Trump would see the economy like they do
1+ week, 3+ day ago (38+ words) Fed-up Americans wish Trump would see the economy like they do'The Times Fed-up Americans wish Trump would see the economy like they do The more the president trumpets his achievements, the more irritated struggling voters get...
Greene King eyes job cuts as pubs giant battles soaring costs
1+ week, 3+ day ago (528+ words) Greene King, Britain's second-largest pubs operator, is preparing to cut a raft of jobs and restructure its business for the second time in two years, as tax rises and soaring costs increase the strain on the pub industry. The company,…...
Why we overpay our mortgage by £600 a month
1+ week, 3+ day ago (467+ words) In a world of crippling childcare costs, where a first-class stamp costs "1.70 and the Sainsbury's shopping bill goes up by the week, there is no way to say this without seeming smug: I overpay my mortgage every month and have…...
Higher earners can lose two thirds of savings interest to tax and inflation
1+ week, 4+ day ago (449+ words) Even savers who take advantage of the best interest rates could still lose most of their gains to tax and inflation. In reality the amount of spending power lost to inflation would be a lot higher " inflation for the year…...