BoE Rate Cut Paused as UK Wage Growth Slows
UK wage growth slows to 4.5% but remains too high for an immediate interest rate cut. Economists now expect the Bank of England to hold until at least April. Read the full analysis.
Category : Search result: unemployment rate
Unemployment at 5.1% Four-Year High as Vacancies Rise
UK unemployment holds at a four-year high of 5.1% despite a 10,000 rise in vacancies. Experts warn of an 'economic hangover' as payrolled employee numbers fall. Get the latest jobs data analysis.
UK loses 33,000 jobs in November, youth scheme unveiled
New ONS data reveals a sharp fall in UK payrolls and slowing wage growth. The government responds with a £1.5bn youth employment guarantee. Discover the full impact and expert analysis.
High Street Banks Cut Mortgage Rates for Buyers
Virgin Money and Halifax announce significant mortgage rate cuts of up to 0.24%, favouring home buyers. Experts analyse the market shift ahead of key inflation data.
Nationwide cuts savings rates for millions of customers
Nationwide Building Society is cutting interest rates on several savings accounts from February 10. Find out which accounts are affected and what it means for your money.
New DWP benefit to replace ESA and JSA
The DWP is planning a new 'Unemployment Insurance' benefit, replacing ESA and JSA, offering a higher weekly rate. Minister Stephen Timms outlines the reforms aimed at boosting work incentives.
Savings Rates Hit Lowest Level in Three Years
UK savings rates have fallen to a three-year low, with the average rate now at 3.35%. Experts warn of further drops and suggest considering long-term investments to protect your money.
Savings rates plunge to lowest level since May 2023
The average UK savings rate has fallen to 3.35%, its lowest since May 2023. Experts warn rates may fall further, urging savers to review their options now.
2 Million Face 60% Tax Trap as Thresholds Freeze
A record 2.06 million UK taxpayers will be hit by a 60% effective tax rate in 2026/27 due to frozen allowances. Discover the impact and strategies to mitigate the 'stealth tax'.
Couple hit by 62% tax charge in HMRC trap
A tech sector couple earning over £200k reveal how the UK's 62% marginal tax rate and loss of childcare support is forcing drastic financial decisions. Discover the 'brutal' reality of the £100k cliff-edge.
Nationwide Cuts Mortgage Rates from Saturday
Nationwide's The Mortgage Works cuts buy-to-let rates by up to 0.15% for new and existing customers. Find out the new rates and how landlords can benefit.
Universal Credit claims hit record high of 8.2 million
A record 8.2 million people are now on Universal Credit, with two-thirds out of work. The Labour government pledges a £3.8bn overhaul of the 'broken' welfare system. Read the full analysis.
Petition Calls for Major Increase to Tax-Free Allowances
A public petition urges HMRC to raise the personal tax allowance to £15,597 and the higher-rate threshold to £62,379 to combat 'stealth tax' fiscal drag. The government must respond if it reaches 10,000 signatures.
Nationwide cuts mortgage rates by up to 0.20%
Nationwide Building Society announces major mortgage rate cuts effective 15 January, with a new headline rate of 3.50%. Experts predict a boost for the 2026 property market.
BoE's Taylor: China Trade Could Drive UK Rate Cuts
Bank of England's Alan Taylor suggests influx of cheap Chinese goods could lower inflation, prompting earlier interest rate cuts. Read the full analysis.
HMRC letters target UK savers ahead of tax deadline
HMRC is contacting UK households with savings over £12,500 as the 31 January self-assessment deadline approaches. Check your Personal Savings Allowance now to avoid a surprise tax bill.
PIP benefit success rate drops dramatically to 38%
New DWP data reveals a sharp fall in Personal Independence Payment (PIP) claim success rates. Discover the latest figures and what it means for claimants in England and Wales.
Halifax offers 5.5% fixed rate savings account
Halifax launches a new 12-month Regular Saver account with a 5.5% fixed interest rate. Learn the key details, eligibility, and how it compares to recent mortgage rate cuts.
2 Million Hit by 62% 'Tax Trap' as HMRC Freezes Thresholds
New HMRC data shows a record two million workers will be caught in a 62% effective tax rate by 2027, prompting fears of an exodus of high earners from the UK. Read the full analysis.
Nationwide cuts savings rates from February 10
Nationwide Building Society is reducing rates on 13 savings products from February 10, following the Bank of England's rate cut. Find out which accounts are affected.
Lloyds Cuts Mortgage Rates for Exclusive Club Members
Lloyds Bank has reduced rates on its Club Lloyds mortgages, offering the market's cheapest two-year fix. Experts warn against switching just for the rate. Discover if you're eligible.
Nationwide warns of savings rate cuts from February 10
Nationwide Building Society announces reductions to numerous savings products from 10 February, following the Bank of England's December rate cut. Find out which accounts are affected.
Boost Your Tax-Free Allowance to £18,570
Personal finance experts reveal how UK households can combine allowances to earn up to £18,570 tax-free. Learn how the starting savings rate works for lower earners.
Warning for savers with £5,000+ as banks cut rates
Money experts warn Nationwide customers with over £5,000 savings to act now. Online banks offer better deals as high street giants prepare to slash rates following Bank of England cut.
UK households to see £275 monthly mortgage saving
UK homeowners could save around £275 a month as the Bank of England cuts rates. Tracker mortgages see immediate relief. Find out what it means for you.
HMRC penalty change for 12 million UK taxpayers
HMRC announces a cut to the late payment interest rate for Self Assessment returns. Over 12 million face fines if they miss the January 31 deadline. Act now to avoid penalties.
Nationwide sends £190 loan offer to millions
Nationwide Building Society has emailed millions of members about a new fixed-rate loan offer, with repayments from just over £190 per month. Get your personalised quote now.
Barclays cuts mortgage rates in major Friday change
Barclays slashes purchase and remortgage rates from 9 January, joining HSBC and Halifax. Experts predict fierce lender competition in 2026. Read the latest.
Reeves U-turn on business rate relief for UK pubs
Chancellor Rachel Reeves is set to reverse plans to scrap business tax relief, a significant win for British pubs facing steep rate hikes. Full details on the policy shift.
Nationwide's 4% ISA pays £400 on £10k savings
Nationwide Building Society is offering a 4% fixed-rate cash ISA, paying £400 interest on a £10,000 deposit. Experts urge savers to act fast as banks cut rates.
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