Thursday's expected interest rate increase will put the squeeze on employees already suffering from a slowdown in average take-home pay, according to Voca, the company which processes all of the UK's automated payments.
UK economic fundamentals look good for next year, but there is a downside risk that could be sparked by US consumption falling if the housing market there slows, analysis by L&G suggests.
Flexibility has been added to National Savings & Investments' Income Bond product, which will cease to apply a notice period and penalty as of 15 August.
Two of the nine members of the Bank of England's Monetary Policy Committee voted for a 25 basis points rate cut at the latest meeting on 8 and 9 June, minutes published show.
The Bank of England left its key base interest rate unchanged for a sixth consequtive month today, leaving the rate at 4.75%.
The Bank of England's Monetary Policy Committee has today left the base rate unchanged at 4.75%.
The UK could be moving closer towards unisex annuity, motor and life assurance rates despite the agreement to give a block exemption to new EU law.
Energy prices have yet to properly feed into the UK and global economies even as punters may have jumped the gun on the interest rate cycle, warns Robin Geffen, CIO Neptune Investment Management.
New rates of interest paid out by National Savings & Investments will go up for some products, but down for others becuase of gilt yield movements.
Early August's increase in the base rate was sparked by a unanimous decision by the Bank of England's Monetary Policy Committee, minutes show.