Latest News from Money Expert

Following its latest meeting, the Bank of England’s Monetary Policy Committee has voted, as expected, to reduce the base rate of interest down to a record low of 0.25%. Following the Brexit vote, the...

Mortgage lender the Halifax has released its latest house price index for July, reporting a 1% drop in average prices over the month.The report follows Nationwide’s release that showed monthly growth...

Royal Bank of Scotland recorded poor results for the first half of this year, after the latest quarterly report showed a £1.04 billion loss, adding to the £1 billion loss from the first quarter. The...

Following the latest Markit/CIPS report that showed the British economy to be shrinking at its fastest rate in 7 years, analysts are describing a rate cut this Thursday as a “foregone conclusion”. The...

The Financial Conduct Authority plans to extend the previously proposed deadline by which claims related to the mis-selling of Payment Protection Insurance to June 2019. Shares in various major banks...

The Resolution Foundation has published a study showing that home ownership rates have been falling in major UK cities over the past 10-15 years.The think tank’s data shows that throughout England,...

As of this week, students beginning university courses will no longer be entitled to apply for means tested maintenance grants, in a move criticised by the NUS. Under the previous system, students...

The latest Markit/CIPS Manufacturing PMI report has been released, showing that downturn was even sharper than initially reported in the flash post-referendum report.The previous flash report put the...

Lloyds bank has announced that they have cut a further 3,000 jobs and will double the number of branches closed by the end of next year, citing post-referendum economic uncertainty and changing...

Santander has announced that their current terms and conditions would permit them to charge customers for deposits, following on from RBS and NatWest’s announcement that they may start charging...