Financial news

• 'I feel lost': Dave Ramsey concerned as man, 54, has been in £235,000 debt for 12 years

  22-06-2023 19:45 via express.co.uk
  
  Dave Ramsey was alarmed after finding out a man had been living with debt for over 12 years and hadn't taken steps to get out of it.
  
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• Provider offers 3.7 percent interest rate on instant access savings account

  22-06-2023 18:17 via express.co.uk
  
  Following the Bank of England's base rate increase, banks and building societies have increased rates across their savings products so Britons can make their money work harder.
  
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• Putting a value on the lives lost at sea | Brief letters

  22-06-2023 17:37
  
  Billionaires v migrants | Chancellor’s generosity | Talking houses | Alternative holidaysIt was a relief to read your editorial (20 June) on the contrast in news coverage and the efforts (and money) being put into finding the lost submersible with five onboard (some of whom paid around £200,000 for the experience), against the lack of care and effort to save the hundreds of lives lost in the Mediterranean last week. Of course, I hope they save the sub’s passengers, but to be sh
  
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• Hiking interest rates isn't working. That leaves us all poorer – and Rishi Sunak carrying the can | Gaby Hinsliff

  22-06-2023 16:58
  
  Britain is facing a new economic era that will hurt those already struggling, and could radicalise even the previously comfortableThe sleepless nights are here again, then. It’s back to the bad old days of poring over a calculator, trying and failing to make the sums add up; back to scrimping and saving, hiding from the bank, wondering dizzily what just hit us.Even before the Bank of England pushed up interest rates to 5% on Thursday, the Resolution Foundation thinktank was warning that an
  
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• 'There's nowhere to go': Single mum faces selling home after 'devastating' mortgage rise

  22-06-2023 16:35 via express.co.uk
  
  The mum's repayments on her tracker mortgage have already gone up 55 percent to £560 a month, and now they are increasing again.
  
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• 'My mortgage has gone from £360 to £560 and now I'm considering moving into a motorhome'

  22-06-2023 16:26 via express.co.uk
  
  The mum-of-two says she might have to sell her three-bed home and move into a campervan after the latest inflation rise.
  
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• Express readers divided over BOE interest rate decision — 'time to cut back or sell up?'

  22-06-2023 15:58 via express.co.uk
  
  A new Express.co.uk poll has shown readers are split on whether the Bank of England should have cut interest rates despite rising inflation.
  
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• Woman, 53, explains how she can retire ‘when she wants to’ before state pension age

  22-06-2023 15:51 via express.co.uk
  
  Many people think they need thousands of pounds to start investing, but one woman has explained she started with £50 and is now on track to early retirement.
  
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• 'A real blow!' Retirees with debt face 'tricky decisions' as base rate hits five percent

  22-06-2023 14:40 via express.co.uk
  
  The Bank of England has increased the UK base rate for a thirteenth consecutive time, announcing a 0.5 percentage point hike to five percent.
  
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• BoE is like a mad dog chasing its tail - 0.5% rate hike will come back to bite us all

  22-06-2023 13:58 via express.co.uk
  
  So the Bank of England went for it. After hiking base rates by 25 basis points 12 times in a row, it doubled down with today's 0.5 percent belter. I'd be impressed, if I wasn't so terrified.
  
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• Homeowners hit with another blow as Bank of England increases base interest rate to 5%

  22-06-2023 12:47 via express.co.uk
  
  Britons have been warned their finances may face a further squeeze as the Bank of England has increased the base interest rate to five percent.
  
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• Tell us: has your local UK pound shop changed its sign due to inflation?

  22-06-2023 11:58
  
  We want to see how discount shops are adapting to inflationWhat can you get for a quid at your local pound shop these days? With inflation continuing to push up prices, likely not much – which has led some shops to amend their offers.If your local discount shop has rebranded to reflect its new prices, get in touch to tell us when this happened and share a photo. Continue reading...
  
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• Compensation has been as hellish as our Eurostar trip

  22-06-2023 08:00
  
  When it comes to delays, rail passengers are treated as second-class compared with those who choose to flyMy friend and I suffered the Eurostar journey from hell on a two-day trip to Amsterdam in March. It started when we crossed the Belgian border and were told problems on the line required the power to be switched off. We sat motionless for four hours, then the train returned to Lille and were told that when the line reopened, the service would terminate in Brussels and passengers for Amsterda
  
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• ‘This is ruining people’s lives’: homeowners hit by UK mortgage crisis speak out

  22-06-2023 07:00
  
  Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homesBusiness live – latest updatesBank of England raises interest rates to 5%UK interest rate rise: what it means for youAnalysis: Bank of England faces flak as economic history fails to repeat itselfFor Steven, a media consultant from Guildford, and his wife, the remortgaging nightmare is only beginning. “People like me can’t sleep at night – it&
  
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• Britain could suddenly go bust as national debt is now bigger than ENTIRE economy

  22-06-2023 07:00 via express.co.uk
  
  I hate to be the bearer of bad news but someone has to point out the grim truth facing the UK. We're going bust.
  
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• Cost of living crisis forcing students to take on more hours of paid work

  22-06-2023 01:01
  
  Most university students supporting themselves say it is negatively affecting their studies, survey findsThe cost of living crisis is forcing more university students to take on more hours in their part-time jobs, with most saying that supporting themselves is affecting their studies, according to a new study.More than half of the 10,000 students surveyed by the Higher Education Policy Institute (Hepi) said they did paid work during term time, with most saying they were using their wages to supp
  
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