Financial news

• The Guardian view on interest rates: the Bank of England on its own won’t revive growth | Editorial

  09-02-2025 18:30 via theguardian.com
  Base rate cuts may ease borrowing costs but without stronger public spending and targeted tax relief, economic stagnation will persist “It will be welcome news to many that we have been able to cut interest rates again,” said Andrew Bailey, the Bank of England governor, last week. Plenty of mortgage holders would agree. Savers might not share Mr Bailey’s sentiments. However, he justified the cut, made despite inflationary risks, by arguing that falling worker bargaining power w
  
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• ‘A mess’: energy suppliers face scramble to install smart meters in UK homes

  09-02-2025 07:00 via theguardian.com
  
  The government is facing criticism over the rollout of the scheme, as spiralling costs and faulty meters slow progressA small device in every home was supposed to be the key to solving Britain’s energy headaches: encouraging consumers not to waste power, preventing shockingly high bills and making the system greener. Instead, smart meters have become an emblem for the energy industry’s poor reputation as the costs of rolling them out approaches £20bn and the government project
  
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• Ministry to digitalise property data to speed up homebuying process

  09-02-2025 01:01 via theguardian.com
  
  Project aims to enable faster information exchange among involved parties to modernise ‘cumbersome’ processThe government is planning to digitalise data shared during property sales to tackle delays in transactions and speed up the homebuying process.Labour has announced a 12-week project to decide on the “design and implementation of agreed rules on data” so that it can easily be shared between conveyancers, lenders and other parties involved in a transaction. Continue r
  
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• Dreams ‘crushed’ as Ticketmaster cancels fans’ Oasis ’25 tickets

  09-02-2025 00:54 via theguardian.com
  
  Those affected were accused of being bots and asked to fill out a form for the tour’s promoters to reviewOasis fans have said their “dreams have been crushed” after Ticketmaster cancelled their tickets to the band’s reunion tour, accusing them of being bots.Several people have received an email from the company that said bots were identified making their purchase for Oasis Live ’25 tickets, and urged them to fill out a form to rectify the issue. Continue reading...
  
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