What does interest rate rise mean for homeowners and savers?

Rolling coverage of the latest economic and financial news, as Asia-Pacific markets slide after Wall Street rout European stock markets are expected to join the selloff when trading begins, in around 45 minutes. The UK’s FTSE 100 share index is being called down over 1% in IG’s futures market, as is Germany’s DAX index. Continue reading...

New policy would permit passengers to take firearms to their seats in lockboxes on 1,500 trains a day across the US The Transport Workers Union, which represents 360 onboard service workers at national passenger rail operator Amtrak, has lambasted the planned implementation of a new policy that would permit passengers to bring their guns on its US intercity trains. The forthcoming protocols will allow people to carry on firearms in personal lock boxes. Continue reading...

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years. Many people will be incredulous when they hear of the decision to increase the cost of borrowing by 0.25 percentage points, looking ar

At least 15 planes forced into emergency landings or diversions two days after hoax alerts affected air travel Europe live – latest updates Bomb threats have caused diversions and emergency landings for at least 15 flights across Europe, renewing questions about a possibly coordinated effort to disrupt travel. The series of warnings on Thursday morning affected flights between Italy, Ireland, the UK, Spain, Bulgaria, Romania, Poland, Finland, Austria, Denmark, Belgium, Portugal, Greece and Czech