Daily Financial News

By Xin Lu

We accuse the banks of a multi-billion pound savings rip-off.
THE CHARGES
Handling our savings is a highly profitable business for the banks. Raising or cutting the rates by just 1% is worth more than £4bn a year - so the more people they can keep in old accounts paying low rates of interest, the better [...]

The Bank's latest quarterly inflation report suggests the Consumer Prices Index (CPI) will remain well above its 2% target in two years' time if interest rates fall up to twice more this year to 4.5% as markets expect.
Even one more cut this year is by no means certain as the Bank's forecast shows CPI [...]

In an illustration of how energy firms are continuing to fail their customers, despite huge price rises over recent years, the 76-year-old was chased for a debt caused by npower's mistakes.
Almost two years of blunders by npower were only finally corrected after This is Money stepped in and won Mrs Brooks back [...]

It would take the form of a compulsory levy to force them to cover the cost of care home places in the last stages of their lives.
The ageing tax is a central plank of a consultation launched by the Prime Minister in the face of a growing crisis over who should meet the bills [...]

The rate of inflation, as measured by the consumer prices index (CPI), rose by a massive half a percentage point from 2.5% to 3% following surging gas and electricity bills, food prices, and Budget tax hikes on alcohol and tobacco.
The figure is well over the 2.6% expected by City economists [...]