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UK savers given hope as interest rates edge up from all-time lows

Savings rates are creeping up from their all-time lows, providing a “spark of hope” for those looking for a better return on their cash, say analysts. At the start of the new tax year in April, the best one-year fixed-rate savings account in the market paid interest of 0.65% but savers can now earn up …

Number of billionaires in UK reached new record during Covid crisis

Britain created a record number of billionaires during the coronavirus pandemic as wealth surged despite a year of economic turmoil, prompting calls for the government to increase taxes on the ultra-rich. There are 171 billionaires in the UK, 24 more than a year ago, according to an annual ranking compiled by the Sunday Times. It …

Nationwide predicts UK house prices will continue to rise

The UK’s second largest mortgage lender, Nationwide Building Society, said house prices would continue to rise this year beyond the stamp duty holiday but warned higher costs could make it harder for first-time buyers to get on the property ladder. Its chief executive, Joe Garner, said everyone had been a “little bit surprised” by how …