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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…
Water companies told to refund £260m to customers.
Posted onMark Poynting,Climate and science reporter, BBC News and Jonah Fisher,Environment correspondent PA Media England and Wales’ water companies have been ordered to refund more than £260m to customers for poor performance. The economic regulator Ofwat says 40% of that money has already been taken off this year’s bills, with the rest to come off next…
Families skipping meals during school holidays, warns charity
Posted onFamilies are skipping meals to make ends meet during the school holidays, a charity has warned. FareShare Sussex & Surrey says some parents are facing extra food costs as children cannot access free school meals over the summer break. Dan Slatter, chief executive of the charity, told the BBC there was a “mountain of need….
Donald Trumps Russian oil waiver offers little relief for India
Posted onUnlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A US waiver allowing India to buy Russian oil that is already at sea will bring immediate but very limited relief to Indian refiners facing a supply shock in the Middle East, which…
