In his first comments since global stock markets were hit by gyrations in the Shanghai share index, governor Mark Carney said that 'recent events' did not yet merit a change in strategy. He said the decision about when to start returning rates from their current 300-year-low of 0.5 per cent will come into 'sharper relief around the turn of this year'.
Britain's biggest bank, which has 16 million UK customers, failed to transfer hundreds of millions of pounds this morning. They say those who missed out should be paid this evening.
The sharp drop in the major equity markets last week, inevitably dubbed 'Black Monday', thankfully didn't last too long and proved not be too calamitous.
Investors terrified of global stock market falls, but also disappointed with pathetic cash savings rates, are hunting for a happy medium. Enter peer-to-peer. It is the investment buzz-phrase of the moment and one of the most rapidly expanding areas of finance in the 21st Century - doubling in size over the last year. But questions remain about how it works and whether it is safe. Maria Hopwood (pictured) has benefited.
The tide is turning for victims of overzealous car park attendants and traffic wardens - with more than half the fines being overturned. Ana Mazover sold her car after paying £1,400 in fines.
Last year the Government announced spouses of HM Forces who accompanied their husband/wife/partner abroad could claim NI contributions, but I can't find out any more about it.
The 48 year old Yorkshireman has built a reputation as an independent free thinker and last year TIME magazine voted him one of the 100 most influential people in the world.
A rate rise may have been delayed by turmoil in world stock markets. But there are still traps waiting for those looking to take out a loan. Peter Georgiou (pictured) has used the same adviser for 15 years.
Don't worry about the China crisis - now is the time to BUY shares
According to Hargreaves Lansdown boss Ian Gorham.
Now is prime time to haggle a new car discount
Manufacturers look to shift motors before 65 plate launch, WhatCar? finds.
What is Corbynomics and could it work?
We look at the Labour leadership frontrunner's alternative economic plan.
House price growth slows in August to weakest annual rate for more than two years
- but values are nudging towards £200k.
Alarm at central banks over markets rout
ECB set to print extra emergency funds as pressure mounts in UK and US to suspend rate rises.
Travellers heading to Australia and South Africa get best currency rates since the financial crisis
- but pound slides six cents against euro in a week.
Train cancellations and high ticket prices ruling out a spontaneous Bank Holiday weekend trip?
'Ridesharing' could be the answer...
Switch now or face energy bill hike of up to £318
Households warned of postcode lottery as nine fixed tariffs come to an end.
Should investors sell up, sit tight or even buy 'cheap' shares?
And is your pension in peril? A market mayhem survival guide.
Why has Europcar charged me £126 extra with an 'all inclusive' car hire deal?
'Deal stated all airport taxes and fees were included' - ASK TONY.
Sir Martin has been doing business in China for nearly 30 years and he detects something unsavoury in the West's reactions to China's current crisis. Founder of the world's biggest advertising group, WPP, Sorrell numbers some of the biggest names in the corporate world among his clients in China - including Ford, L'Oreal, Unilever, HSBC and Adidas.
A former property tycoon is suing the Royal Bank of Scotland over a £1.1 billion loan deal signed at the height of the financial crisis. The case could open the floodgates for other legal actions.
The Financial Conduct Authority is asking investment bankers and advisers to the deal to hand over records and to disclose any discussions they had ahead of the tie-up being announced.
The new limited edition triple LP, Book Of Souls. the first studio offering from the British rockers in five years, will be on sale in 55 of the largest Tesco Extra stores, priced at £24.
George Osborne announced in his Budget a reduction in the bank levy and a new 8 per cent corporation tax surcharge that would kick in on profits above just £25m.
The deepwater Zohr well - the largest ever found in the Mediterranean - may hold 30 trillion or more cubic feet of gas. Claudio Descalzi, Eni's chief executive, said it is a 'historic discovery'.
BALANCE TRANSFERS
FIVE FAVOURITE ISAS
BEST BANK ACCOUNTS
TOP CREDIT CARDS
CUT ENERGY BILLS
CHEAP MORTGAGES
CAR INSURANCE
HOLIDAY SPENDING
BALANCE TRANSFERS
FIVE FAVOURITE ISAS
Auctions are not just for the well-to-do and held at grand auction houses in London such as Sotheby's and Christie's. Kara Gammell looks at how you can pick up a bargain by attending an auction of anything from unclaimed luggage, surplus government equipment, through to goods seized by the police. For Barry Butcher (pictured), police auctions are a useful way to make his money go further.
The FTSE 100 index rose 55.91 points or 0.9 per cent to 6247.94 on a day of relative calm on financial markets around the world.
Alongside these new fixed rate accounts, Kent Reliance has launched a new easy-access account, paying an annual interest rate of up to 1.55.
A month ago I arrived home from holiday to a letter from Islington Council. It had invented a problem that doesn't exist and come up with a solution in the form of massively extended parking restrictions. Islington appears to be using its CPZ as part of its self-serving quixotic tilt at the motorcar. I wonder whether that is actually legal?
Clydesdale and Yorkshire Banks have boosted their Gold Mastercard offerings to give shoppers 26 months 0 per cent interest on their purchases.
Contactless technology has become more popular in the last year, with recent reports suggesting usage has grown significantly. Some don't like them - but you can request not to have one.
The figures, which lag a month behind other house price indexes, shows the region with the most significant annual price increase is the East of England with a surge of 8.9 per cent.
Some hedge funds have done very nicely out of the global market turmoil. How do they work, and how do you cash in - assuming you're willing to take the risk and pay high fees.
Savers are close to winning cash compensation from companies who sold them bad annuity contracts, it has emerged.
Motorists have to drive back to 24th March 2009 for the last time both unleaded and diesel were under the 'golden' £1 a litre mark - will drivers ever see this level return to pumps?
Last year I was recruited through the Millionaire Society to Lbinary, a binary options trading firm. I invested £300 which was then automatically traded by Lbinary's software. Seventeen trades won, 29 lost and two showed no result. This left £8 in my account so I decided binary options were not for me. However, two months later I found Lbinary used my debit card details to take from my bank account £2,000, then £1,000, and then a further £1,000, all without my authorisation.
A family who turned up to Birmingham Airport in the mood for a sun drenched 10 day trip to Portugal were left panicking after it transpired the flight didn't actually exist.
Some 6.9m British Gas customers on its standard and fix & fall tariffs will pay around £35 less a year for gas bills. But uSwitch accuses it of 'short-changing' customers.
Reg Traviss, former partner of the late singer Amy Winehouse, says his best financial decision so far has been to invest in himself - by funding a short film that helped to establish him as a screenwriter and director. Now on his fourth feature length film, the 38-year-old admits he has never owned a property and is yet to start saving for retirement.
Cuts would drive energy generation returns on a typical home's panels down from £495 to just £64 per year, which experts suggest could kill off solar panels' appeal as an investment.
Property values rose by 3.2 per cent in August compared with a year ago, which is down from 3.5 per cent in July and the weakest annual growth since June 2013.
Jeremy Corbyn has a plan for overhauling the economy and generating growth that is being dubbed 'Corbynomics'. It's matter of debate whether his ideas are new or whether he's recycling old ones that just haven't received this kind of thorough airing in decades. So what is Corbynomics and does it stack up?
Ian Gorham, 43, plays a key role in the finances of 715,000 savers who have entrusted Hargreaves with more than £55bn of their money. So what should advice would he give savers worried about the impact of the turmoil in China on their pensions and investments?
Travellers heading to Australia, New Zealand and South Africa are now getting the best currency rate seen in the last eight years, exclusive data for This is Money reveals.
Virgin Trains are scrapping off-peak fares for railcard holders who use services at peak times which will see cost of return to London from major cities more than double.
Motorists looking for big discounts on new cars could find this week offers a great opportunity to shave up to £14,000 off the price, a mystery shop by magazine WhatCar? shows. It found buyers can negotiate substantial discounts as manufacturers look to record sales head of the 65 plate launch on 1 September.
British Gas, EDF Energy, Npower, Sainsbury's Energy, First Utility and Flow Energy all have tariffs coming to an end on Monday.
Banks approved 46,033 home loans last month, up from 44,802 in June, marking the highest number since February 2014.
Many will be put off by last minute travel plans over the Bank Holiday because of high train ticket prices and cancellations. Could the growing 'ridesharing' craze be the answer? Some journeys listed on the BlaBlaCar website are a fraction compared to last minute train tickets.
Britons are increasingly using contactless credit and debit cards to pay for goods and services in the last 12 months, according to two separate reports.
Halifax has bumped up the interest paid on its one-year fixed-rate cash Isa for new savers from 1.4 per cent to 1.6 per cent - and the move could help stimulate competition.
There are almost 2,500 companies listed on the London Stock Exchange and for most of us that is quite enough to choose from. However, a small but growing number of investors are looking further afield, buying and selling shares around the globe. That calls for cool heads and a weather eye on fundamentals, as the recent fallout from China's turmoil has shown.
EasyRoommate's parent firm is demanding damages of £100,000 from easyGroup and is seeking an injunction to ban the company from threatening to sue for trademark infringement.
The cost of legal actions and fines will have been factored into RBS's share price, so Osborne got the best deal he could when he sold the first lot of our shares in the bank - he should sell the rest quickly.
Takeover suitor 888 Holdings has insisted it is best placed to seal a tie-up with FoxyBingo owner Bwin.party amid signs it could be jilted at the altar in favour of a rival £1billion proposal.
The short life cycle of the incident has raised wider issues and highlights the assaults that small companies can quickly find themselves under due to the power of social media.
Constable Dogberry in Shakespeare's Much Ado About Nothing mangles every word he utters - and so do many business leaders. We put the worst offenders in the dock.
China's stock market collapse and fears that its economic growth is slowing has caused concern that companies including luxury goods brands will be impacted.
The Market Harborough-based company was set up by Tom Joule in 1989 after his success at selling country clothing and equestrian equipment at country shows in Leicestershire.
House prices drop 20 per cent and the UK economy suffer a dip as big as the early 1980s recession, if an official model designed to forecast the effects of a Chinese economic crisis comes true.
Over the course of an adult lifetime, whether or not we cultivate good habits with money is likely to have far more of an impact on our wealth than the Black Mondays that periodically hit the stock market.
We are approaching an era which will present a new paradigm to stock market investors: prolonged rising interest rates.
The Office for National Statistics said UK gross domestic product - the total size of the economy - rose by 0.7 per cent in the second quarter following growth of just 0.4 per cent in the first quarter.
The Serious Fraud Office launched an investigation into Soma Oil & Gas, which is searching for oil in the war-torn country.
The last 48 hours have been frantic and fearful for savers with money in shares and funds.. Fearful investors have been ditching shares and funds but others are asking if lower share prices mean this is actually a good time to start buying. Here's our guide to the market mayhem.
After 43 years as loyal customers, Sandra and Ghyll Morfey from Itchingfield, West Sussex didn't give a second thought to contacting BT when their line went dead in June. More than two months later they are still waiting for it to be fixed.
Cancer survivor Dawn Marsh (pictured right, alongside Carol Beer from TV show Little Britain) is among record numbers of elderly, sick and distressed customers being abandoned by Britain's banks and insurers. Frontline staff ordered to parrot computer-driven scripts instead of trying to personally resolve tricky financial problems are leaving those in serious difficulty worse off than before. Money Mail investigates...
It is difficult for landlords to work out whether they are over paying the letting agent, or getting a good deal on the fees as there is no industry-wide standard service or charges. It is worth reading up about your rights so you know where you stand.
Insurers and airlines will have to put their hands in their pockets to the tune of nearly £32 billion if all those owed payments come forward. Claiming has never been easier to do yourself, so there's no need to use a firm charging fees of up to 40%. Here's what you need to know.
The new iSave Fixed October 2016 v2 tariff costs households an average £890 a year if they pay by monthly direct debit.
In April, a new personal savings allowance means basic-rate taxpayers pay no tax on their first £1,000 of any savings interest.
Finding a first-rate financial adviser is important, as this individual is going to be helping you make some of your biggest finance decisions - about your savings, insurance and retirement. The best place to start is usually word of mouth. Ask friends and family about positive experiences they may have had.
In too many cases it seems as though financial firms treat previously perfect customers who have the temerity to fall ill, suffer a misfortune like naughty children.
Borrowers typically pay interest of 6.05 per cent on a £5,000 loan - after rates plummeted by a fifth since the start of the year. Monthly repayments on this balance over five years are £97.
The deal stated all airport taxes and fees were included in the price. But after we returned, my credit card statement showed six charges from Europcar. I have contacted its customer service department more than a dozen times. The firm says it will get back to me, but never does.
Rents are rising at a rapid pace once more across the UK, a pair of market studies have revealed - with one showing the biggest monthly rise since its index began.
There has been a huge surge in remortgaging activity in the last month as homeowners look to shelter themselves from a lurking base rate rise.
The number of buy-to-let mortgages available to landlords has tipped over the 1,000 mark for the first time since April 2008, data from information website Moneyfacts shows. There are now 1,011 mortgages available compared to 460 just two years ago with appetite for buy-to-let properties continuing to grow
However, the annual growth in family spending power fell below 10 per cent for the first time since February last month, according to the latest Asda Income Tracker.
While households are now marginally better off, savers without a home loan are roughly £1,000 worse off than they were before the financial crisis bit seven years ago, the ONS said.
Foreign investors have been attracted to the London property market for years - snapping up homes, office blocks and other commercial sites across the capital. A report published this week shows offshore companies have bought more than £150billion of property in England and Wales over the past 15 years.
My partner died in September last year, so I asked our lender Mortgage Agency Services to cancel her half of the mortgage on our cottage in the Yorkshire Dales. However, the firm says it will not do so, and that I still owe the full amount. I feel this is wrong and that the debt should be reduced by half.
In total bonus payments rose 2.7 per cent in 2014/15 to reach £42.4billion - just 0.1 per cent below the record amount paid out before the financial crash in 2007.
Paying for goods using a contactless card is much faster because you don't need to enter your Pin - you just tap the card against the terminal at the till.
With interest rates tipped to rise in early 2016, homeowners have been rushing to fix their mortgages. Some of the absolute cheapest mortgage rates have been pulled, as banks look to squeeze a little more from borrowers, but rates remain historically low.
How British Gas can help you
Buy-to-let rates and advice
From locks, boilers, electrics to drains
Find tenants today for FREE
To clear the average national household debt of £13,000 at 6% interest with a monthly repayment of £100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.
Learning more about money is a good way to keep hold of it and make more of it. Here are some simple but important things I'd teach people.
Here is a list of the name and address for the chief executive of Britain's largest consumer facing companies: big banks, building societies, utilities companies, telecoms and mobile networks.
Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.
We highlight the world's cheapest and most expensive stock markets, measured on three popular valuation tools and where the UK sits.
If you are new to investing then the huge number of funds and investment trusts on offer can be confusing. Fortunately, This is Money's experts have some ideas to get you started.
Income investing can let you draw on your portfolio or reinvest dividends to build solid growth over time. Our experts give their fund and investment trust recommendations.
If you're looking to add some flair to your investing Isa with emerging markets, This is Money's experts have some ideas to get you started
Unemployment has increased for the second month in a row, adding weight to the arguments of ratesetters in the lower for longer camp. This follows the outlook for when interest rates will rise shifting forwards slightly to about February 2016 in the recent inflation report.
We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year
How hard does your bank account work for you? Here's our pick of the best accounts to make your money work harder, cut down on fees, or get free stuff.
For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips
House prices are rising across the UK but London has caught a chill - property in the capital remains expensive but prices are slipping back from their peaks. We look at the latest figures.
Some of the absolute cheapest mortgage rates have been pulled, as banks look to squeeze a little more from borrowers, but rates remain historically low.
The influence of financial services on the economy is spelled out again as City brokers steal top spot in this year's official list of highest earners. According to the detailed 2014 annual salaries survey, brokers pocketed around 40 times more this year than those at the bottom of the list - the people responsible for keeping children safe on the way to school. Lollipop crossing patrols earned around £3,400.
| Prize value | Winning bond No. | Area |
|---|---|---|
| £1,000,000 | 9FH577549 | Dorset |
| £1,000,000 | 196LW907254 | Outer London |
| £100,000 | 247CG456672 | London |
| £100,000 | 239FJ527896 | Hertfordshire |
| £100,000 | 176NJ778140 | Hampshire and Isle of Wight |
| £100,000 | 141WH537262 | Stockport |
| £100,000 | 134TV460124 | Leicestershire |
| £50,000 | 46AN736045 | South West Wales |
| £50,000 | 26NX238485 | Essex |
| £50,000 | 245ZC702896 | Northern Ireland |
| £50,000 | 22BY778725 | Buckinghamshire |
Mark Carney says China's woes will not derail rate rise plan with decisive Monetary Policy Committee meeting...
HSBC say all of 275,000 payments missed in computer meltdown are now processed
MONDAY VIEW: Chinese Dragon must escape from its own debt trap, says NEIL MACKINNON
‘Through the recession banks closed their doors to businesses like mine': Need a loan? Want to invest? Peer...
'I turned my back for a moment when looking to get change and the parking attendants pounced': Join the...
I joined my husband when he was posted abroad during 25 years with the Coldstream Guards - is it true I can...
Free thinking Bank of England economist - Andy Haldane - tipped for top job at the Financial Conduct...
'My broker knows the market inside out - and the questions I’ll face': Confused about mortgages? Here’s how...
A shares stumble won't stop the long march of modern China: Sir Martin Sorrell’s angry reply to the doom...
New blow for RBS as it is sued over £1.1bn loan: State-backed bank could face a flood of actions linked to...
City watchdogs investigate unusual share price activity ahead of £5.6bn Aviva - Friends Life merger
Tesco aims to cash in on vinyl records boom by stocking Iron Maiden's new triple LP
Challenger banks to confront Treasury over plans for an 8% surcharge on corporation tax
'Supergiant' gas field discovered off Egyptian coast by Italian oil group Eni
'I often buy for myself, but I have also bought to resell for a profit': Bag a Posh bargain from lost...
British Gas is 'short-changing' customers with 5% tariff cut
Energy giant urged to slash gas bills further to reflect huge drop in wholesale prices.
Homeowners rush to remortgage amid fears of a rate rise
Home loan approvals jump to 17-month high.
Halifax boosts rate on its one-year fixed-rate cash Isa
1.6 per cent rate could help stimulate savings competition.
How to beat the claims firms and get YOUR slice of £32bn
Bill for PPI and other rip-offs continues to rocket and claiming is simple.
Are Sandra and Ghyll paying the price for firm's £897m investment in Champions League football?
Cut off by BT for 64 days.
The lives wrecked because COMPUTER SAYS NO
Major report reveals human toll of inflexible customer service by banks and insurers.
Britons embrace contactless payments
Spending up 560% in a year - and half of transactions are made by the over-50s.
Slash bills by £347 with First Utility's top new one-year fixed gas and electricity deal
iSave Fixed October 2016 v2 tariff costs an average £890 a year.
Monthly income account trap costs savers 12.5% interest compared to deals which pay out annually
Personal loan rates fall by 20% to their cheapest levels ever
Borrowers typically pay interest of 6.05 per cent on a £5,000 loan.
What fees should my letting agent be charging me and how do I find out what they are?
No standard for service or charges
I want to find a good financial adviser - how do I go about this?
INVESTMENT CLINIC.
Buy-to-let mortgage frenzy means there are now 1,000 deals available to landlords for first time since financial crisis
Return of rapid rent rises sends tenants' bills to a record high
- as report shows biggest jump since buy-to-let index began.
What you need to know about the Chinese stock market slump
As shares dive, MAIKE CURRIE looks at what next for China.
End of the London property bubble?
Strong pound and emerging markets chaos turns Asian investors off homes in the capital.
Why won't our lender cancel half of the mortgage on our cottage after my partner's death?
My partner died in September last year.
'I got £130k back from PPI:' Chef's massive payout and he DIDN'T use a claims firm
How to do it yourself
The taxman is demanding £640 after I forgot to click one box on the online form
Tony Hetherington on the case
How to deal with a home menace - and what insurance covers
From seagulls to wasps, don't get stung by pests
Don't be one of the savers losing more than £1BN by failing to switch accounts
Five steps to a better rate
How to salvage your holiday from disaster
From phantom hotels to delayed flights and missing bags
Tax relief on pension contributions should not be tinkered with
Jeff Prestridge on an incentive worth keeping
FTSE 100 stocks that have weathered the market storms
Top share risers of the last six months (and one you might not have heard of)
Switch off camera alerts in France - and take spare glasses in Spain
Top tips for staying out of trouble when driving abroad:
The Investing Show: Ten dividend shares for the next five years
Fund manager's tips
RUTH SUNDERLAND: Buying shares is for the long term
This chart shows why small investors should take a 10-year view and keep calm in the slumps
Virgin Money credit card lasts longer
Launches first-ever 40 MONTH 0% balance transfer card
Cost of unleaded petrol drops for millions of drivers this weekend as major supermarkets slash 2p off at the pumps
- and prices could fall to £1 a litre.
House prices in UK's largest cities jump
Up largest amount in 11 years - with Oxford and Cambridge the biggest risers
MONEY MORALS: Bride and groom want cash presents but I'm spending a fortune attending the wedding as it is...
- how much money should I give?
When it pays NOT to shop around
Could you save cash by shunning price comparison and discount websites and go direct?
Revealed: The 25 top-performing British fund managers over the last ten years
...and Neil Woodford is only number nine
| Currency | Rate | Buy now |
|---|---|---|
| Updated 31 Aug 2015. | ||
| Euro | 1.341 | Buy Now |
| US Dollar | 1.513 | Buy Now |
| Australian Dollar | 2.0836 | Buy Now |
| Canadian Dollar | 1.98 | Buy Now |
| Chinese Yuan | 9.46 | Buy Now |
| Croatian Kuna | 9.9723 | Buy Now |
| Czech Koruna | 35.92 | Buy Now |
| Danish Krone | 9.8971 | Buy Now |
| Egyptian Pound | 10.502 | Buy Now |
| Hong Kong Dollar | 11.555 | Buy Now |
| Hungarian Forint | 413.99 | Buy Now |
| Israeli New Shekel | 5.769 | Buy Now |
| Japanese Yen | 182.48 | Buy Now |
| Malaysian Ringgit | 6.0717 | Buy Now |
| New Turkish Lire | 4.3387 | Buy Now |
| New Zealand Dollar | 2.3167 | Buy Now |
| Norwegian Krone | 12.356 | Buy Now |
| Polish Zloty | 5.5907 | Buy Now |
| Singapore Dollar | 2.1022 | Buy Now |
| South African Rand | 19.705 | Buy Now |
| Sterling | 1.0 | Buy Now |
| Swedish Krona | 12.621 | Buy Now |
| Swiss Franc | 1.4482 | Buy Now |
| Thai Baht | 53.19 | Buy Now |
| UAE Dirham | 5.5173 | Buy Now |
This is Money's calculators and tools
All our calculators in one place. See how they could help you
Historic inflation: how the value of money has changed
The effects of inflation since 1900 and what past prices mean today
True cost mortgage tool - rates AND fees
Compare the cost of rival fixed and tracker rate mortgages
Mortgage affordability: How much you can borrow
Find out how much you can afford to borrow and the difference between repayment and interest-only
Monthly or lump sum savings calculator
How much a regular monthly savings scheme could make or a lump sum could be worth.
There are almost 2,500 companies listed on the LSE and for most of us that is quite enough. But some investors are looking further afield, buying and selling shares around the globe.
Cuts would drive energy generation returns on a typical home's panels down from £495 to just £64 per year, which experts suggest could kill off solar panels' appeal as an investment.
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