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With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economyA senior Bank of England policymaker has said interest rates should be held at 4% amid signs of cooling inflation, rather than addi…
Pressure on restaurant margins as customer behaviour shifts and inflation eats into costsUK households ordered 12% less takeaway food in January than a year before, while the sector also faced more competition from restaurants and cafes after the lifti…
FCA finds company put customers at high risk of harm by failing to assess whether they could repay loans The sub-prime lender Amigo has dodged a £73m fine despite having put consumers at a “high risk” of harm, amid fears that the financial penalty co…
Government says new rules could help protect 10 million consumers from ‘unconstrained borrowing’Ministers have promised to clamp down on unregulated buy now, pay later firms and offer stronger protection for consumers, as the government launched a long…
Directive comes as energy minister expresses ‘horror’ at claims British Gas contractor allegedly broke into vulnerable customers’ homesThe energy minister has expressed “horror” at revelations about a British Gas contractor allegedly breaking into vuln…
Figures for England and Wales likely to worsen as UK goes into recession, say analystsBusiness insolvencies jumped 30% to a 13-year high in 2022 as government support programmes that offered companies protection from their creditors during the pandemic…
Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repaymentsBritain’s mortgage lenders fear a rise in the number of homeowners handing back their keys as the cost of living crisis forces more people to default …