Bank of England poised for four or more rate cuts in 2025, say …
Jan 2, 2025 · The Bank of England is expected to cut interest rates at least four times this year, according to a new survey of 51 economists. The recent poll suggests the base rate could fall from its current 4.75 per cent to 3.75 per cent or lower in 2025, with a majority of respondents forecasting four quarter-point reductions to support the UK’s slowing economic growth.
Evri named UK’s worst delivery service as nearly half report issues
Oct 28, 2024 · Evri has been rated the UK's worst delivery company for the second consecutive year, with 44% of customers reporting service issues, according to Ofcom’s latest review.
UK car finance industry faces major disruption as lenders halt deals ...
Oct 30, 2024 · The UK car finance industry faces turmoil after a landmark court ruling on commission disclosure. Major lenders pause credit services, raising fears of significant market disruption and possible financial fallout for banks.
UK considers social media ban for under-16s as Minister orders …
Nov 20, 2024 · The Technology Secretary, Peter Kyle, has commissioned new research into the impact of social media and smartphone use on children, signalling that the UK may follow Australia’s lead in considering a social media ban for under-16s.
Landmark Court of Appeal Ruling Promises £21bn Payout for …
Oct 25, 2024 · In a landmark victory for consumers, the Court of Appeal has ruled against PCP mis-selling in the Johnson v. Firstrand Bank case, paving the way for a £21bn payout. Learn more about this groundbreaking ruling and its impact on UK car finance.
UAE buys Mclaren’s automotive business following record losses
Dec 12, 2024 · Discover how Abu Dhabi’s sovereign wealth fund has taken over McLaren’s automotive arm as the British supercar maker faces record losses, ongoing financial strains, and a push towards electrification.
Lord Bamford's £300m family windfall from JCB raises questions …
Oct 25, 2024 · Billionaire Lord Bamford's family secures a £300m payout from JCB following a 44% profit surge, as Labour signals tax hikes for the wealthy. With budget discussions looming, concerns grow over potential capital gains and property tax changes in the UK.
How Tony Bloom Went from Crunching Numbers to Making Billions
Sep 24, 2024 · Although he’s now best known for his work as owner of Brighton & Hove Albion, as well as holding a fearsome reputation in the world of poker, Tony Bloom’s foundation on the way to billionaire status was with an SME he founded in a unique space.
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Asda faces financial challenges as £900m Walmart repayment looms
Dec 2, 2024 · Asda faces financial challenges, including a £900m repayment to Walmart by 2028, prompting scrutiny over its debt structure and raising questions about the future of the UK supermarket giant.