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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…
Sixes: Social cricket-themed bar chain goes into administration
Posted onMichael RaceBusiness reporter BBC Sixes, the cricket-themed social chain backed by England captain Ben Stokes, has gone into administration following a “challenging trading period”. All of the company’s 15 UK-based venues remain open, but one branch in Southampton has closed following the decision, with three staff members losing their jobs. Administrators FRP Advisory said talks…
Universal theme park sparks ‘fear of losing homes’ in Bedford
Posted onHelen Mulroy BBC News, Bedfordshire Reporting fromKempston Hardwick BBC A charity said it was concerned about the impact thousands of new workers would have on a town’s property market A charity warned building Europe’s first Universal theme park would put people at risk of losing their homes. Prime Minister Sir Kier Starmer confirmed in April…
British Gas boss says energy bills rise inescapable if prices stay high
Posted onThe discussion of ways to mitigate any energy price rises came after the government’s cost-of-living tzar, Lord Walker, who is also chief executive of supermarket chain Iceland, suggested in the Sunday Times that energy companies and petrol stations should have their profits temporarily capped as oil prices jump.
Ben & Jerrys: Row deepens as three board members removed
Posted onThree members of Ben & Jerry’s independent board will no longer be eligible to serve in their roles, after the ice cream company introduced a new set of governance practices. These include a nine-year limit set on board members’ terms. Chair Anuradha Mittal, who earlier said she had no plans to resign under pressure, is…
