Savings

Banks and building societies have hit savers by cutting rates in line with recent base rate drops. However, they've failed to cut borrowing rates accordingly, a report reveals today.

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 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.