Opinion may be divided about the pleasure of attaching planks to your feet each winter and hurtling down vertiginous slopes on slippery white stuff.
While some are of the misty-eyed, ‘mountains are calling’ school of thought, others may be more of the ‘skiing is the only sport where you spend an arm and a leg to break an arm and a leg’ persuasion.
If you are the latter – or just a skier/snowboarder who likes to branch out – here’s
The Bank of England’s decision to increase the base interest rate to 5.25 percent will have no effect on inflation while making life worse for thousands of Britons, a group has warned.
Laith Khalaf, head of investment analysis at AJ Bell, said: “Its own numbers show that more interest rate hikes will make almost no difference to inflation in the medium term.
“But they will of course inflict more pain on consumers and businesses, and in particular mortgage holders.
“Sometimes
Markets are pricing in two more interest rate hikes this year in yet more misery for struggling mortgage borrowers.
The Bank of England raised rates by a widely expected 0.25 percentage points yesterday, with some observers thinking there might be another ‘shock and awe’ 0.5 per cent
The Bank of England’s Monetary Policy Committee has voted by a margin of six to three to hike its base rate to 5.25 per cent.
The FTSE 100 is down 0.7 per cent in midday trading. Among the companies with reports and trading updates today are Next, Rolls-Royce, London Stock Exchange, Pets at Home, Bupa, Shaftesbury Capital,
The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are BAE Systems, Taylor Wimpey, Haleon, Coca-Cola Europacific Partners, Virgin Money UK and Ibstock. Read the Wednesday 2 August Business Live blog below.
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Small businesses and community banks will be squeezed, analysts noted.
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Daniel Defoe once described the Lake District as ‘eminent only for being the wildest, most barren and frightful of any land I have passed over’.
And he didn’t finish there. He went on to tell of the ‘horror’ of the place adding, ‘all the pleasant part of England was at an end’.
Fast forward three centuries and I’m not sure what the creator of Robinson Crusoe would make of this Cumbrian hotspot, to where some 20 million visitors flock each
While Chancellor Jeremy Hunt spared motorists a huge rise in fuel duty in-line with inflation in his Spring Budget, he refused to put a freeze on the cost of Vehicle Excise Duty (VED) – or car tax – from 1 April 2023.
The Budget document last month revealed that the government will ‘uprate VED rates for cars, vans and motorcycles in line with RPI’ – and with the Retail Price Index at 10.1 per cent, this translates to some major
The higher cost of mortgages will be a headache for many families already budgeting hard to meet all the bills.
Say you have a £200,000 mortgage that was on a 2 per cent rate and you’ve had to remortgage at 6 per cent, your repayments will now be an extra £441 each month, and that’s a lot of cash to suddenly have to find.
So it’s time to get your house to pay for itself. Ensure that lazy old pile
Rising interest rates are a major blow for stretched borrowers – but there is a silver lining.
After suffering more than a decade of rock-bottom returns, savers are finally set to get a better deal.
Savings rates have been slowly edging up since the Bank of England began raising base rate from a record low of 0.1 per cent in December.
Savings rates have been slowly edging up since the Bank of England began raising base rate from a record
