Around 4,000 savers will have £210million in cash returned to them after Wyelands Bank was ordered, in an unprecedented move by the Bank of England, to repay all of its depositors in full. Holders of its 35 and 95-day notice accounts, which have paid zero interest after a succession of cuts, will be paid until … Read more
The Treasury’s much anticipated ‘green savings bonds’ could be a major disappointment for rate-starved savers, amid projections that they could raise just a few billion pounds. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country’s green recovery from the pandemic through bonds offered by National Savings … Read more
The Government has announced a tax raid on wealthy savers to help pay the huge bill it is running up to fight the Covid-19 pandemic. The pension lifetime allowance, the capital gains annual allowance and inheritance tax thresholds will be frozen until 2026, the Chancellor Rishi Sunak said in today’s Budget. The lifetime allowance, the … Read more
How Britain’s ‘accidental savers’ have squirreled away £170bn after a year of lockdowns By Daily Mail City & Finance Reporter Published: 22:03 GMT, 1 March 2021 | Updated: 22:03 GMT, 1 March 2021 Households squirreled away another £18.5billion in January – taking the war chest built up by ‘accidental savers’ to £170billion. Workers who have … Read more
Are you one of lockdown’s accidental savers? Here’s where to put your windfall By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:52 GMT, 27 February 2021 | Updated: 21:52 GMT, 27 February 2021 Boost: The pandemic has created an army of six million ‘accidental savers’ The pandemic has created an army of six million ‘accidental … Read more
Millions of savers were unable to access their money yesterday after a meltdown at beleaguered National Savings & Investments. A ‘power outage’ hit the systems of the Treasury-backed bank meaning many of its 25million savers could not access its website, while its customer services could not help them over the phone either. Savers trying to log … Read more
Natwest becomes latest bank to bring back its dividend – despite setting aside £3.2bn to cover bad loans and recording a £351m loss last year By Lucy White For The Daily Mail Published: 21:57 GMT, 19 February 2021 | Updated: 22:17 GMT, 19 February 2021 Change of direction: Natwest chief executive Alison Rose Natwest … Read more
Savers have put aside £1,000 since the start of Covid-19 lockdowns after being unable to splash out on holidays and nights out, survey shows More than 41 per cent made savings after cancelling plans such as holidays More than three-quarters said they had to cancel plans because of the pandemic The research found that exactly … Read more
Savers have put aside £1,000 since the start of Covid-19 lockdowns after being unable to splash out on holidays and nights out, survey shows More than 41 per cent made savings after cancelling plans such as holidays More than three-quarters said they had to cancel plans because of the pandemic The research found that exactly … Read more
The pandemic has produced some of the fastest turnarounds in history. Pharma companies Pfizer and Astrazeneca reduced the vaccine development cycle from a decade to less than a year. And City traders quickly learned that it wasn’t necessary to be in Canary Wharf to drive markets to commanding heights. Commercial transformation to digital has been … Read more