Bank of England

The Bank of England today announced it is holding the base rate at 0.5% for the second consecutive month.

The UK economy is officially in a deflationary state for the first time in almost 50 years. That means the cost of living is falling.

The Bank of England today announced it is holding the base rate at 0.5%. This is the first time in seven months that base rate has remained steady.

There are some glimmers of hope for those with smaller deposits looking for a mortgage.

Premium bond holders’ chances of beating inflation have been slashed from 75% to 1% over the past year, we can reveal today.

Nationwide Building Society has today bought the savings arm of the troubled Dunfermline BS.

Mortgage lenders are continuing to cut the cost of fixed rate deals for borrowers. Barclays this week became the latest lender to slash its rates, some of which are down by 0.5% points, following months of Bank of England base rate cuts.

The cost of living froze in February compared to the same period last year, as one of the key measures of inflation fell to zero for the first time in 49 years.

Thousands of disgruntled savers have backed a MoneySavingExpert.com campaign to force banks and building societies to come clean on the rate they pay.