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What the interest rates cut means for mortgages, pensions and savings
Posted onRachel Clun Business reporter, BBC News Getty Images Changes to the Bank of England’s base rate can affect mortgage and savings rates The Bank of England has cut UK interest rates from 4.25% to 4%, the lowest level since March 2023. The Bank of England interest rate can affect mortgage rates and interest rates on…
Junk food advert ban set to come into force
Posted onArchie MitchellBusiness reporter PA Media Junk food adverts will be banned on television and online from Monday as part of a drive to tackle childhood obesity. The UK-wide ban will stop food and drinks high in fat, salt and sugar (HFSS) being advertised on TV before 21:00 and at any time online. It applies to…
Keir Starmer criticises South East Water as 24,000 homes affected
Posted onStuart Maisner, Hsin-Yi Loand Daniel Sexton,South East Getty Images People have been advised to boil tap water before drinking Water misery has returned for about 24,000 households in Kent and East Sussex with a water firm saying they do not expect supplies to be restored to all affected customers until midday on Thursday. South East…
Trump administration to roll back fuel economy rules set under Biden
Posted onNatalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
Covid Inquiry to probe furlough and business loans
Posted onThe third stage of the Covid-19 Inquiry begins hearing evidence on Monday focusing on the measures taken to support workers’ incomes and keep businesses afloat when the pandemic struck. It will focus on what action the UK government, devolved administrations in Scotland, Wales and Northern Ireland, and local authorities took, how well schemes were designed…
Government set to miss 1.5m target, housebuilders warn
Posted onHousebuilders have warned the government’s budget watchdog that ministers’ target of building 1.5 million homes in England by the end of the decade is too optimistic. The Home Builders Federation (HBF) has written to the Office for Budget Responsibility (OBR) to say that unless the government does something to boost affordability for first time buyers…
