Are we heading for a carbon crash?

So far, the big message from the Glasgow climate conference is the role of finance in decarbonising the global economy. But economic experts have warned that it is a dangerous development in some respects. In his speech to COP 26 last week, the Chancellor, Rishi...

Mortgage rates creep up despite Bank of England inaction

Mortgage borrowers’ chances of securing an ultra-cheap deal narrowed in spite of a decision by the Bank of England to hold interest rates at 0.1%, as banks and building societies raised interest rates across their fixed-rate home loans. The central bank’s decision...

‘Surprise interest rate pause’

The Bank of England Governor Andrew Bailey is facing a backlash from economists and MPs for ‘crying wolf’ over an interest rate hike. Critics questioned whether he was the right man to lead the Bank after a ‘big communications failure’ on...

Concerns over pension fees cap

Under new plans, the Financial Times reports, the Government is considering a relaxation of the pension fee cap in the hopes of raising funds for its flagship “levelling up” agenda. The move could drastically affect the pensions landscape, but also have a palpable...

The drive for greener pensions

The government must show “global leadership on pensions and climate change”, MPs have said. The call comes in a report published by the influential Work and Pensions Select Committee. It wants the government to “seize the opportunity” from the upcoming Glasgow-based...

Bitcoin surges to new high

Bitcoin surged to a record all-time high on Wednesday, following a weeks-long price rally. The cryptocurrency is now up more than 50% since the start of October, overtaking the market value of tech giants like Facebook and Tesla. After breaking the $64,800 record...