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Spending without thinking is a risk with unlimited contactless cards
Posted onKevin PeacheyCost of living correspondent and Tommy LumbyBusiness data journalist Getty Images Spontaneous spending is likely to rise if the limit on contactless cards is increased or scrapped entirely, academics say. At present, the need to press a four-digit PIN for purchases over £100 gives people a timely prompt about how much they are paying,…
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…
Ukraine to import US liquefied natural gas via Greece
Posted onVital supplies of US liquefied natural gas are due to start flowing into war-ravaged Ukraine this winter via a pipeline across the Balkans. The deal was announced after Ukrainian President Volodymyr Zelensky met Greek Prime Minister Kyriakos Mitsotakis in Athens on Sunday. Greece is working to increase the flow of American LNG to its terminals…
UK set for a booming mortgage market, say analysts
Posted onKevin PeacheyCost of living correspondent Getty Images Competition among lenders suggests that mortgage rates could be cut in the coming weeks, according to brokers and analysts. In a newly-published report, financial information service Moneyfacts said “expectations are high for a booming market in 2026”. Its data shows the choice of mortgage products has risen to…
How Saudi Arabias spending spree reached the end of the line
Posted on“The thinking now is to basically get small wins, small successes here and there, instead of these mega projects,” says Abdullah. “Like, for example, the Red Sea island resort of Sindalah could be one small win that they can promote, which is basically a very traditional style of resort, which can still be presented as…
