Personal Finance

LONDON (Reuters) - The U.S. Federal Reserve and Bank of England on Thursday urged global financial markets to step up efforts to shift from the scandal-plagued Libor reference rate to alternative interest rate benchmarks.
LONDON (Reuters) - Major British employers agreed pay rises averaging 2.5 percent last month, offering a more generous increase than in 2017 during the busiest month of the year for wage negotiations, industry data showed on Thursday.
LONDON (Reuters) - British inflation fell unexpectedly in April, according to data that prompted fresh questions about when the Bank of England would next raise interest rates and pushed sterling to its lowest level against the dollar this year.
LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday he expected Britain's economy would bounce back from a weak start to the year when it was hit by heavy snowstorms, keeping the prospect of higher interest rates on the table.
LONDON (Reuters) - Automated financial advisers must provide more clarity on their fees and gather more information on a customer's financial circumstances to ensure they receive the appropriate service, Britain's markets regulator said on Monday.

Personal Finance

A woman who believed she was securing a home to help her “frail” parents ended up losing £5,500 from her savings to a fraudster posing as a property management agent.
A spate of high-value vehicle thefts and a rise in the number of cash-for-crash insurance scams has seen the sale of four products in particular sky-rocket in the last couple of years.
The high street staple has cut the price of hundreds of homeware items - from cushions and bedding to sofas and mattresses

We have sourced our news from Reuters and The Telegraph. Whilst every care is taken in selecting the source of our information, Monetary Solutions is not responsible for the accuracy of the information contained within external websites.