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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…
UK retail spending rose at lowest pace for 7 months in December
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK retail spending rose at the lowest pace for seven months in December and below the rate of inflation, pointing to a “drab” Christmas period for retailers as consumers continued to feel the impact of…
Labubu toy manufacturer exploited workers, labour group claims
Posted onA labour rights organisation claims it has found evidence of worker exploitation in a Chinese factory that makes the viral Labubu dolls. China Labor Watch (CLW), a US-based non-governmental organisation, alleges that its investigation found that one of Pop Mart’s suppliers made employees work excessive overtime shifts, sign blank or incomplete contracts and did not…
Gary Neville returns to the den
Posted onShopping addiction should be taken more seriously say sufferers
Posted onBBC Lucy says her experiences of shopping addiction are like a “physical and an emotional drowning” A day of retail therapy can be just the ticket for some people to help them feel better about themselves. But what happens when you can’t stop shopping? Surrounded by racks of shirts, dresses and jumpers, Lucy tells me…
Decision to run Manchester to London ghost train uninformed, regulator admits
Posted onKaty AustinTransport correspondent Getty Images The rail regulator has admitted it “did not have all the facts” when it decided to not allow passengers on a peak-time train service between Manchester and London. The Office of Road and Rail (ORR) said it was missing “critical points” when it made a decision that would have turned…
