Karl Matchett

6 days ago | independent.co.uk | Karl Matchett |Albert Toth

The base rate has dropped againKarl MatchettBusiness and Money Editor,Albert TothThe Bank of England (BoE) announced on Thursday a cut to the Bank Rate - what we might simply call the interest rate - to 4.25 per cent, meaning mixed news for personal finances in the UK. The Bank’s nine-person Monetary Policy Committee (MPC) voted by a majority of five-four to reduce rates by 0.25 percentage points, bringing it down to the lowest level since May 2023.

1 week ago | independent.co.uk | Karl Matchett

The Independent's journalism is supported by our readers. When you purchase through links on our site, we may earn commission. The Bank of England will continue bringing rates down this month so make sure you are earning on your moneyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing.

1 week ago | independent.co.uk | Karl Matchett

The Bank of England could bring the base rate as low as 2.75 per cent within 12 months according to one predictionThe Bank of England is set to meet on 8 May and interest rates are widely expected to be cut 25 basis points down to 4.25 per cent - but homeowners and businesses might be pleased to know the drop won’t stop there.

2 weeks ago | independent.co.uk | Karl Matchett

The fintech company already offers an eSIM product, while the Octopus Group Karl MatchettRevolut has announced plans to launch mobile phone plans for the first time in a move it hopes will disrupt the established market and provide more choice to customers. The fintech company, best known for its banking app, already offers an eSIM which allows for overseas roaming on paid plans within the phone app.

2 weeks ago | independent.co.uk | Karl Matchett

Interest rates will likely be cut next month in a boost to mortgage payersKarl MatchettThe average price of UK houses fell by 0.6 per cent in April, data from Nationwide shows – just as stamp duty discounts became less generous. Across the UK, the annual rate of house price growth slowed to 3.4 per cent in April, from 3.9 per cent in March, taking the average property value in April to £270,752, Nationwide Building Society said.