Bank of England ‘not poised to bring in negative interest rates’

Bank of England not poised to bring in negative interest rates, claims its chief economist By Daily Mail City & Finance Reporter Published: 21:57 BST, 22 October 2020 | Updated: 21:57 BST, 22 October 2020 Speculation has been mounting that the Bank of England could take rates into negative territory as early as next month … Read more Bank of England ‘not poised to bring in negative interest rates’

Death rates for Covid-19 are now almost a QUARTER of what they were during the peak

Death rates for hospitalised Covid-19 patients are now almost a quarter of what they were during the peak of the pandemic, studies have shown. Research conducted at one New York care facility revealed 25.6 per cent of hospital patients died in March. But in June, this rate plummeted to just 7.6 per cent. The authors … Read more Death rates for Covid-19 are now almost a QUARTER of what they were during the peak

Daily coronavirus infection rates are higher in the UK, Europe, than in the US

Even as the US enters its dreaded third wave of the coronavirus pandemic and cases tick up, daily infection rates in much of Europe are not outpacing the American outbreak.  By sheer number, of course, the US is still seeing the largest number of daily new cases, with more than 48,000 infections reported Sunday.  Yet … Read more Daily coronavirus infection rates are higher in the UK, Europe, than in the US

How infection rates are falling in big cities across England despite threat of lockdown

Coronavirus infections are now falling in some of England’s biggest cities, figures show – despite Health Secretary Matt Hancock threatening tonight to put many of them into the harshest lockdown bracket. Official data shows Nottingham, Newcastle, Sheffield and Manchester are among the cities where cases have started to fall after a surge at the end of September, … Read more How infection rates are falling in big cities across England despite threat of lockdown

Best savings rates: JN Bank UK and DF Capital launch good deals

Savers haven’t been handed much good news in 2020, even before National Savings & Investments made heavy cuts to its best buy rates three weeks ago. The planned reductions from the Treasury-backed bank, which come in next month, have effectively pulled the rug out from underneath what had looked like a slight recovery in savings … Read more Best savings rates: JN Bank UK and DF Capital launch good deals

Pregnant women face new lone birth ordeal as NHS bans partners again amid rising coronavirus rates

Pregnant women face new lone birth ordeal as NHS bans partners again amid rising coronavirus rates Liverpool Women’s Hospital has already placed fresh restrictions on partners Just over half of trusts said they would review policy in the event of rising rates  Last night, MP Alicia Kearns urged bosses to reconsider and put ‘humanity’ first  … Read more Pregnant women face new lone birth ordeal as NHS bans partners again amid rising coronavirus rates

Virgin Money: End of free banking if rates go negative

Stark warning from boss of Virgin Money: End of free banking if rates go negative By Helen Cahill, Financial Mail On Sunday Published: 21:51 BST, 17 October 2020 | Updated: 21:51 BST, 17 October 2020 The boss of Virgin Money has warned that banks could start charging for basic services if interest rates turn negative.  … Read more Virgin Money: End of free banking if rates go negative

Top tax-free rates are squeezed after NS&I’s cuts to savings rates

British savers have been dealt yet another blow after the government-backed NS&I took an axe to savings rates, throwing returns across the board into reverse.   The average rate paid by the best five easy-access cash Isas had risen from 0.78 per cent to 0.92 per cent between the start of September and 21 September, when National … Read more Top tax-free rates are squeezed after NS&I’s cuts to savings rates

How Devon, Oxford and Coventry all have higher Covid-19 infection rates than London

WHERE HAS HIGHER INFECTION RATES THAN LONDON BUT NO LOCKDOWNS? Numerous areas have infection rates higher than the  average number of Covid-19 cases per 100,000 people in London, which was 99 up to October 10, but remain at Tier One on the lockdown scale. (London average calculated as the mean of individual areas’ infection rates, … Read more How Devon, Oxford and Coventry all have higher Covid-19 infection rates than London

Mortgage crunch as rates creep up and deals are pulled

Mortgage crunch time: Lenders slam the breaks on renewing mortgages and approving first-time buyers amid fears over house prices and job losses Experts warn a mortgage crunch is coming as lenders pull deals and hike rates It comes as furlough and mortgage holidays are set to end this month One in four homeowners is worried about … Read more Mortgage crunch as rates creep up and deals are pulled