Premium Bond prize rate set to hit highest for 14 years

The number of wins of some Premium Bond prizes will increase from next month, pushing the prize fund rate to its highest level for 14 years. Extra prizes worth £50 to £100,000 will be available but the overall chances of winning remain unchanged, according to the Treasury-owned operator NS&I. It …
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Mortgage deals slump to post pandemic low as Bank of England poised over higher interest rates
Mortgage approvals slumped in December to the lowest level since the pandemic, figures from the Bank of England reveal. The number of home lending …
UK Bonds Lure Record Foreign Inflows as Scars of Crisis Fade
Overseas funds piled into UK government bonds at an unprecedented pace in December, one of the strongest signs yet that a market written off as …
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When will the base rate peak? Bank of England set to hike to 4% on ‘Super Thursday’ as it edges closer to the end of rate rises to fight inflation
The Bank of England is expected to add 0.5 per cent to the base rate on Thursday in what some analysts are predicting will be the penultimate rise in …
UK held back by staff shortages, Brexit and mortgage costs, says top economist
A shortage of workers, expensive mortgages and the continuing effects of Brexit are all weighing on the economy as the UK shapes up to be the weakest major G7 economy this year, the head of a leading thinktank has said. Paul Johnson, the director of the Institute for Fiscal Studies, said there were …
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Almost 13,000 offshore companies with UK property fail to declare owners
Almost 13,000 offshore companies holding UK property have failed to declare their ultimate owners and may now face fines and a ban on selling their land, the government has said. Martin Callanan, a business minister, praised the introduction of the new register of overseas owners of UK properties, …
Euro economy pulls ahead of UK reinforcing IMF dire recession warning
The UK is trailing its European economic peers, fresh figures out today reveal, reinforcing the International Monetary Fund’s (IMF) warning that it …
Demand for gold soars on “colossal” central bank buying
The price of gold is soaring as demand for the precious metal from both central banks and small investors rockets. Today the price of gold was at …
- The Independentflipped into News
Businesses would not tolerate variation seen in health service – Barclay
Commercial businesses “would not tolerate” the level of variation seen within the NHS, the Health Secretary has said. Steve Barclay said more must be …