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Sky News
How the latest interest rate rise affects your finances – and what you should do about it
The Bank of England’s latest interest rate hike will add to monthly mortgage payments for millions of borrowers, but provide some light relief for savers.Here’s how Britons will be affected – and what they can do next. How will mortgage borrowers be affected?Those who have variable mortgage rates can expect to pay more.Industry body UK …
Business
Sky News
One small step for rates, a major watershed for Bank of England
Nothing, let’s face it, feels especially normal right now.The country facing record infection numbers in a pandemic which has already broken pretty much all precedents. The economy facing a crunch as people abandon restaurants and pubs.And all the while, the cost of living is rising to unfamiliar levels.And the Bank of England decision to raise …
Business
Euro News
Google will dock pay and fire employees if they fail to comply with COVID vaccination policy
Business
Evening Standard
Bank of England puts interest rates up from 0.1% to 0.25% as inflation soars
The Bank of England today put interest rates up from record lows, surprising many in the City who expected it to sit tight in the face of soaring Omicron cases.Borrowing costs will move from 0.1% to 0.25%, the Bank’s Monetary Policy Committee has ruled. The nine strong committee voted 8-1 in favour of the move. …
Business
Euro News
Reddit files for IPO after a year of meme stock madness
Business
Sky News
Bank of England opts for pre-Christmas interest rate hike despite Omicron fears
The Bank of England has announced a pre-Christmas interest rate hike from 0.1% to 0.25% despite fears over the economic impact of the Omicron variant.Officials have been under pressure to act with inflation at a ten-year high but many observers still thought the Bank would hold fire as the new wave of COVID-19 cases takes …
Business
Sky News
Bank of England opts for pre-Christmas rate hike as it forecasts inflation surging to 6%
The Bank of England has announced a pre-Christmas interest rate hike from 0.1% to 0.25% as it forecast that inflation would surge to 6% next year.Officials have been under pressure to act with the CPI index of price rises already at a ten-year high but many observers still thought the Bank would hold fire due …
Business
Evening Standard
Central London pubs to close doors by weekend as Omicron keeps office workers away
The boss of London‘s City Pub Group has revealed his venues in the City and other office-centred areas will close for Christmas early as the impact of work-from-home guidance and Omicron warnings has meant there is “no one around”. Clive Watson told the Standard his sites in Old Street and on the Strand would usually …
Business
Sky News
UK growth slowest since February as Omicron restrictions bite
UK business growth has slumped to its weakest pace since February thanks to tighter restrictions and renewed uncertainty as the Omicron variant spreads, closely-watched survey data suggests.Travel and hospitality firms were particularly affected by a “negative impact” from the new rules, according to the monthly purchasing managers’ index (PMI) compiled by IHS Markit. It is …
Business
Evening Standard
Domino’s Pizza Group shares surge after UK arm of takeaway giant ends years-long dispute with franchisees
Domino’s Pizza Group shares surged this morning as the UK arm of the takeaway giant revealed it has reached a deal with franchisees after a years-long row. Former chief executive David Wild stepped down amid the dispute which saw franchisees refuse to open new stores unless they received an increased share of the profits.Chief executive …
Business
Business Live
South Gloucestershire business park opens following completion of work
A new business park in South Gloucestershire has opened following the completion of work on the site. Armstrong Business Park in Yate has already agreed the freehold sale of all six units at the park, which was built by Bristol-based development company Baylis Estates. The new occupiers are pressure gauge and instrument manufacturer and repairer …
Business
Business Live
Housing association boss Lindsey Williams becomes 2022 president of East Midlands Chamber
The boss of one of the region’s biggest housing associations has been inducted as the new president of East Midlands Chamber of Commerce. Lindsey Williams, has been chief executive of Futures Housing Group for two decades, overseeing the management of more than 10,000 homes across Derbyshire, Nottinghamshire and Northamptonshire. She was inducted into the role …

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