UK Money

House price growth 'holding up'

It was the first time since 2005 that major cities outside central London had out-performed boroughs in the heart of the capital, analysts said

House prices in many of the UK's largest regional cities, including Glasgow, Manchester and Leeds are rising at a faster rate than those in central London for the first time in a decade, according to property analyst Hometrack.

Npower to support foodbank users

Npower will give credits worth £49 to people who use foodbanks, it has been announced

A leading energy firm is to give vouchers to people who use foodbanks to help those who are disconnecting electricity and gas supplies because they can't afford to pay their bills.

Mortgage hopefuls 'changing habits'

Many borrowers are changing their spending habits in order to pass lenders' toughened criteria, according to research

Stricter mortgage lending rules are prompting borrowers to change their spending habits in order to pass lenders' toughened criteria, a survey has found.

Flexible work 'pipe dream for many'

Zero-hours contracts and casualised employment are "damaging" family life, a report says

Flexible working is a "pipe dream" for many parents and carers despite employees having the legal right to request flexible arrangements, according to a new report.

Annuity incomes 'hit all-time low'

Moneyfacts found that standard annuity rates have collapsed to all-time lows

Savers' hopes of securing a comfortable retirement have been dealt a blow as standard annuity rates have collapsed to all-time lows just weeks after new pension freedoms have come into force, according to a financial website.

7% more switch current accounts

Halifax, Santander, Nationwide Building Society and Tesco Bank made net gains in current account customers using the switching service, figures show

Some 1.14 million current account customers have switched to another deal over the last 12 months, marking a 7% year-on-year increase, according to figures from the Payments Council.

McCartney tops millionaires list

Sir Paul McCartney has a personal fortune of £730 million, according to The Sunday Times Rich List

Sir Paul McCartney has not had a UK number one single in decades but that has not stopped him topping the only chart that counts - the top 40 musical millionaires.

Hint of earlier interest rate rise

Two members of the Bank of England's Monetary Policy Committee said this month's decision to leave interest rates on hold was 'finely balanced'

The prospect of an interest rate rise appeared to edge slightly closer today after the Bank of England said inflation might recover more quickly than previously expected.

'Alarming' rise in foodbank use

Volunteer William Forey at Drumchapel food bank near Glasgow

Campaigners have called for urgent action to tackle poverty in the UK after new figures showed an "alarming" increase in the number of people using foodbanks.

Over 55s set for 'silver start-ups'

Axa Wealth says 10% of the over-55s are considering drawing money from their pension to start a small business or go into consultancy

The pensions revolution could spark a wave of "silver start-up" businesses, with one in 10 people approaching retirement considering using their savings pots to become a later-life entrepreneur, research suggests.

'Inheritance needed' to buy homes

Many younger people say they now need to rely on inheritance to get on the property ladder

Nearly half of parents whose children have not bought a home think their only hope of getting on the property ladder is to wait for an inheritance from them, according to research from Shelter.