UK jobless rate creeps up to 5 per cent – the highest since 2016 – as employment slides with 800,000 fewer people on payroll than before the pandemic struck.. but the true damage is being masked by furlough ONS figures show unemployment has hit 5 per cent, highest level since 2016 Employment has fallen as … Read more
One in four homeowners is paying their lender’s highest mortgage rate – and some even think it helps them pay off their loan faster… Borrowers could save £4,080 per year by ditching their standard variable rate This is the ‘default’ rate when your initial term ends and it can be up to 6% Some thought … Read more
A new mortgage lender is planning to offer UK borrowers the ability to fix the rate of interest on their mortgage for up to 30 years. Perenna, which raised £7.3million during its latest funding round and plans to launch this summer, wants to bring ‘fixed for life’ mortgages to the UK market. UK borrowers will … Read more
Britain today recorded its deadliest day of the Covid pandemic for second day in a row with 1,820 more victims, as the overall death toll creeps ever closer to the grim 100,000 milestone. Department of Health data shows nearly 20,000 fatalities have been recorded in 2021 already, with today’s figure being a 16 per cent … Read more
Britain today announced a record 1,610 new coronavirus deaths in the country’s deadliest day of the pandemic so far — but cases are down by a quarter as the third lockdown continues to drive down the infection rate. Today’s grisly death toll marks a sharp 30 per cent rise on the 1,243 announced last Tuesday and … Read more
The UK now has the highest coronavirus death rate in the world, shocking data has revealed. Britain was averaging 935 daily fatalities in the week up to January 17, or the equivalent of 16.5 people in every million. Statistics compiled by the Oxford University-based research platform Our World in Data shows no other country currently … Read more
Santander makes THIRD interest rate cut to its 123 current account in a year with customers soon receiving just 0.3% on balances up to £20,000 This time last year the account paid 1.5% on up to £20,000 and cashback on bills Cashback was capped at £15 a month in May and the rate has been … Read more
Britain is in for a ‘pretty grim period’ for Covid deaths which won’t fall for ‘some weeks’, the Government’s top scientist warned today – after the UK recorded its deadliest day yet with 1,564 confirmed fatalities. Department of Health figures show the daily laboratory-confirmed death toll has risen 50 per cent week-on-week, with data suggesting the … Read more
Morrisons announces it will become first British supermarket to pay staff £10 an hour in boost for 96,000 workers Retail trade union Usdaw negotiated a £10 an hour basic rate for workers It brings wages 50p an hour above the voluntary Living Wage Foundation rate Asda has confirmed it will not be offering its workers … Read more
Bank of England boss Andrew Bailey says the UK’s unemployment rate is WORSE than official figures suggest – as he warns the depth of the second wave of coronavirus will delay the economic recovery UK’s jobless toll is officially 4.9% but he believes the true level is around 6.5% Bank governor addressed the Scottish Chambers … Read more