Tag: Bank
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Universal Credit recipients can get £1,200 bank account boost – are you eligible for bonus | Personal Finance | Finance
[ad_1] UNIVERSAL CREDIT recipients may be able to get up to £1,200 as a boost to their savings through the Government’s Help to Save scheme. The scheme has been specifically designed to help boost savings by 50 percent. People who are entitled to Working Tax Credit or receiving Universal Credit can save between £1 and…
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Keeping schools closed in view of covid not justified: World Bank Education Director
[ad_1] There is no justification now for keeping schools closed in view of the pandemic and even if there are new waves, closing schools should be the last resort, according to the World Bank’s Global Education Director Jaime Saavedra. Saavedra, whose team has been tracking the impact of COVID-19 on the education sector, says there…
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Bank of England’s Britcoin torn apart as digital currency dealt blow: ‘No convincing case’ | City & Business | Finance
[ad_1] The idea of a central bank digital currency (CBDC) is currently being explored by a joint taskforce from the Bank of England and the Treasury. Witnesses including Bank of England Governor Andrew Bailey and economic secretary to the Treasury John Glen have been giving evidence to the Lords, however the committee said they had…
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Is today a bank holiday, are shops open today?
[ad_1] That period between Christmas and New Year is an often confusing stretch, with days blurring into one another as you finish off the Christmas leftovers and wait to celebrate the new year. This festive period may feel more confusing than normal because there are substitute bank holidays being utilised. A substitute bank holiday takes…
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Central bank digital currencies: The fiat future of cryptocurrency?
[ad_1] CBDCs are here, and coming on stronger than ever. Their impact on the world is still unknown, but they could transform finance for good. Image: Shutterstock/Dkoi Cryptocurrencies and the ever-growing market around them are attracting more attention than ever. Governments are looking for a piece of the action too, and it seems to be…
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Bank of England vote to force HMRC interest rate changes next week – what to know | Personal Finance | Finance
[ad_1] Rising interest rates may be welcome news to savers but following the Bank of England vote, Aegon warned cash savers are set to face the worst post inflation loss in 45 years. This is because the Bank of England forecasted inflation will increase further to six percent by April 2022. Steven Cameron, Pensions Director…
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Pound soars against Euro as Bank of England and European Central Bank at odds | City & Business | Finance
[ad_1] In a move that surprised markets today the Bank of England’s Monetary Policy Committee (MPC) voted 8-1 to raise interest rates to 0.25 percent. Head of Investment at Interactive Investor Victoria Scholar commented: “Traders have been caught off guard with the unexpected hike, sending the pound and the FTSE 100 sharply higher. The banking…
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Inflation red alert: Bank of England under crippling pressure as prices soar | City & Business | Finance
[ad_1] “The hope may well have been that rising prices were transitory in nature, but with Omicron spreading and signs of a further supply chain squeeze already showing, that transitory period looks like it’s lengthening.” Expectations over the Bank of England’s decision-making have fluctuated considerably since a surprise vote to hold interest rates in November.…