Yorkshire Building Society has cut mortgage rates for those with a 15% deposit, offering a three-year fixed rate deal at 4.59% with a £495 fee. Other highlights in the newly priced range include: - Two-year fixed rate at 3.99% with a £995 fee - Three-year tracker at 3.49% with a £495 fee (Bank [ Read More → ]

The latest Inflation Report from the Bank of England has suggested that the economy is recovering at a slower rate than expected. The report, released today, states: “The recovery continued in the United Kingdom, with output growth across the first half of 2010 close to its historical average. But the level of [ Read More → ]

Bank of England policymaker, Andrew Sentance, today said the Bank of England’s Monetary Policy Committee (MPC) faces some “interesting debates” in the latter half of 2010 as high inflation persists. The latest official data shows that British annual consumer price inflation (CPI) reached a 17-month high of 3.7% in April. The [ Read More → ]

The new coalition Government has said it will appoint a regulator to determine what is an “excessive” interest rate and ensure that such a rate will be banned. This could see any card charging more than 25 per cent banned, potentially scrapping a handful of cards from the [ Read More → ]

As someone who often sees the glass half empty rather than half fall, I’m in my element this weekend. The dark clouds just keep on swirling overhead – there has been no end of gloomy forecasts. My favourite is the reported comment by Mervyn King, the governor of the [ Read More → ]

<> Savings crisis reaches a new low Photo: GETTY Financial experts warned it is now the “worst time” to save following a drop in savings rates during the last six months and a rise in inflation to 3.4 per cent. It means savers are out of pocket by more than £200 in a year on a [ Read More → ]

Water bills to jump by 27pc Photo: ALAMY The prediction was made by utility group Severn Trent, which said Britain’s water industry needed a complete overhaul. It said the reliability of the water network needed to be improved and maintained. It warned bills would have to rise to meet the costs [ Read More → ]

Total income over 20 years from a £100,000 level annuity. Source: Burrows & Cummins Annuities, which are used to convert your pension pot into a yearly income, are still a mystery for millions. Many pensioners are unaware they even have one or how its payout is affected by your [ Read More → ]

The fall in rates to their lowest average level since the tax-efficient savings account was launched in 1999 comes despite the Bank of England’s Bank Rate being held at 0.5pc since March 5, when the average cash Isa rate stood at 0.96pc. The disclosure comes just days before [ Read More → ]

The BBA represents Britain’s banking industry Over the past few months lenders have been accused by consumer groups of profiteering as the cost of mortgages has increased despite the Bank of England’s official interest rate standing at an all-time low of 0.5pc for half a year. Statistics from moneyfacts, [ Read More → ]