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HSBC offers sub-1% mortgage as interest rate war intensifies

HSBC has become the latest lender to offer a mortgage deal with an interest rate of less than 1% in the latest sally of an intensifying mortgage rate war. Banks and building societies are fighting for customers in a frenzied property market, described by the Bank of England’s chief economist as “on fire” as the …

About 2.3m Britons hold cryptocurrencies despite warnings of risk

The number of UK adults who hold cryptocurrencies such as bitcoin has risen to an estimated 2.3 million, despite warnings from regulators and the head of the Bank of England that people should be prepared to lose all their money. Research by the Financial Conduct Authority also revealed that almost 20% of buyers said they …

‘We outsmarted the system’: Wise founders on fintech success

For the co-founders of the money transfer firm Wise, who will become billionaires when their fintech company lists on the London Stock Exchange in the coming days, the venture began as a way to outsmart the big City beasts whose ranks they are about to join. Wise’s chief executive, Kristo Käärmann, has blogged about how …

UK government could make working from home ‘default’ option

Downing Street has confirmed the government is considering legislating to make working from home the “default” option by giving employees the right to request it. Responding to reports that ministers could change the law, Boris Johnson’s official spokesperson said a flexible working taskforce was examining how best to proceed. “What we’re consulting on is making …

Car insurer Brightside penalised me for its own mistake

I renewed my car insurance with Brightside over the phone 10 days before the policy expired. Previously, I’d paid in instalments by direct debit, but this time, I paid the full premium upfront. I received the policy documents, but was also sent emails from Brightside saying it would be cancelling my policy as I had …