It came as the Government scrambled to limit the fallout from the crisis at SVB, which threatens to destabilise swathes of Britain's tech sector. The Bank of London, founded just two years ago, is a relative minnow compared with the likes of Barclays and Lloyds - which have reportedly also been sounded out over bids. But it was the first to put forward a proposal to be considered by the company's board as well as the Treasury and Bank of England amid fast-moving events following SVB's demise last Friday.
- Best savings rates tables
- Find the best mortgage calculator
- Power Portfolio investment tracker
- Stock market data and share prices
- This is Money's podcast
- This is Money's newsletter
- The best DIY investing platforms
- The best bank accounts
- The best cash Isas
- The best credit cards
- Save on energy bills
- Compare broadband and TV deals
- How to find cheaper car insurance
- Investing Show videos
- Financial calculators
LATEST BUSINESS NEWS
investment scam fraud ring brought down across 6 countries
Investment as we have come to know it is about risk and reward but what if there isn’t a reward just deception and greed? These last few years have been challenging on an economical level due to the entire pandemic and quarantine resulting in the closure of businesses and loss of employment resulting in turning lots of individuals and family’s looking for alternative sources of income exposing them to being preyed upon by fraudster posing to be rending financial aid. An extensive criminal network involved in fraud, and money laundering has been dismantled in an international simultaneous raid across 6countries.
THIS IS MONEY PODCAST
HOW THIS IS MONEY CAN HELP
DON'T MISS
- How trying to maximise Isa allowances can cut a tax bill... and why investors need to act now Ad Feature
- How to get cheaper car and home insurance Insurers admit that the only way is up for car and home insurance
- What can you do if you're struggling to pay the mortgage? The FCA also said the number of mortgage borrowers likely to get into difficulty had fallen
- The no-hassle Isa investing guide Ad Feature What you need to know and why it matters more than ever now
- CRANE ON THE CASE: My 13-year-old son was scammed via Paypal He was befriended online by someone pretending to be a well-known Youtuber
- Six Footsie chiefs share £32m payday Bumper bonuses for Unilever, Segro, Shell, Aviva, Rolls Royce and Flutter bosses
- Aviva boss warns insurance premiums will rise further Hard-pressed customers ditch non-essential add-ons like windscreen cover
- Five of the best cash Isas Barclays holds top spot with best one-year deal paying 4% while savers can get 3.01% on easy-access
- Hope for the housing market? Rics estate agents see a 'more stable' outlook as buyers' strike eases... but most homes sell for less than asking price
- New test shows cold temperatures can slash EV battery range by up to a THIRD The true impact of winter on electric car performance revealed
- Want to top up your state pension, but baffled over which years to buy? How to boost retirement income... plus Steve Webb's six golden rules
- How much would it cost to make your home greener? Two thirds of owners want to - with a fifth even considering remortgaging to do it
- What's a fair price to pay for DIY investing? On average £25 a month say investors... but many want to pay much less
- Yorkshire BS launches market-leading 4% interest savings account for members... ... as well as a competitive deal for new joiners
- Are we on the verge of a house price crash or will there be a soft landing? This is Money podcast on what's really going on in the property market
BUSINESS & MARKETS
Small banks can be big trouble: That was one of the lessons of the credit crisis of 2008, says RUTH SUNDERLAND
So when the Bank of England tells us Silicon Valley Bank has a 'limited presence' in the UK and that it is 'not critical' to the financial system, those words should be taken with a high degree of scepticism. What the Bank says is true, but it doesn't mean there isn't a serious problem: there is. At first sight, it seems unlikely to be the catalyst for a re-run of 2008 though it is always dangerous to be too sanguine. There are two immediate issues. First, the impact on the UK’s tech sector; and second, the possibility of contagion or of other unexploded bombs in the financial system.
SAVE MONEY, MAKE MONEY
- Best savings rates: General savings - online and branch
- Looking for a better bank? Five of the best current accounts
- Is it time to fix your mortgage? Check the best rates
- Don't just renew:Ten top tips to cut the cost of car insurance
- Best (and cheapest) DIY investing Isa platforms
- This is Money's five favourite best buy cash Isas
- Savings platforms to manage cash in one place
- The best credit cards: Our pick of the top deals
- Ten tips for buy-to-let and how to find a mortgage
- How to get the cheapest and best life insurance
MONEY NEWS & ADVICE
As Chancellor Jeremy Hunt dusts off the red box, how to Budget-proof all your finances
Financial commentators are predicting that this will be one of the more muted Budgets we've seen for some time. But Budget statements often defy expectations. No one foresaw former Chancellor Kwasi Kwarteng's so-called mini-Budget last year, which rocked debt markets and pension funds. The shockwaves are still being felt by millions of homeowners facing higher mortgage costs. So it pays to keep an eye on what Hunt sets out this week. Here is our forecast of what could be in the Chancellor's red box - and how you can Budget-proof your finances for whatever it throws at you.
State pension cover-up: DWP finally comes clean over Universal Credit mess that could affect SIX MILLION people, admitting system broke in 2017
A This is Money probe exclusively revealed many National Insurance records are riddled with holes, and the Government had dodged our attempts to uncover the scandal. Lost NI credits can mean pensioners face state pension shortfalls in retirement unless they are fixed in time. The Government was forced to come clean about errors after Liberal Democrat Work and Pensions Spokesman Wendy Chamberlain MP, pictured, demanded answers in Parliament. Employment Minister Guy Opperman, pictured, confirmed our report that people on Universal Credit are only having state pensions records manually corrected as they reach state pension age.
Row erupts as beleaguered Bollywood film group Eros submits controversial deal to out-of-pocket investors, weeks before it is due to repay £50m bond
The proposals have provoked anger from investors and US Bank, one of America's largest banks, has resigned as trustee of the bond. Eros is run by the Lulla family, one of India's best-known business dynasties. But the firm has faced criticism here after failing to pay bondholders' interest when it was due and keeping them in the dark about its financial position. Now the Lullas are offering investors a deal - 60p per £1 on half their bonds, with the remaining bonds rolled into a new transaction that will not be repaid until 2026, rather than next month.
LIONTRUST UK SMALLER COMPANIES: £1.2bn fund shows why it's still king of the small-cap jungle
The managers do not invest in unquoted stocks, only pick profitable businesses that have their head offices based in the UK - and like the executives of their chosen holdings to have 'skin in the game' (own shares in the businesses they run). They are exacting standards which restrict their choice of investments to around 400 companies. But they have helped deliver some solid long-term results for investors.
Straw blimey! Thatched cottages are so sought after that there are only 20 available to rent in the UK: We pick five of the best
All of the properties in our list have thatched roofs and can be rented for between £850 and £2,250 a month. Pictured (from centre and then clockwise from top left) are: A five-bedroom cottage in Woodbastwick available to rent for £2,250 a month, a one-bedroom cottage in Milton Malsor to rent for £850 a month, a three-bedroom cottage in Tewkesbury to rent for £1,950 a month, a three-bedroom semi-detached house in Blandford Forum for £1,200 a month and a four-bedroom house in Hollacombe for £1,550 a month.
How trying to maximise Isa allowances can cut a tax bill… and why investors need to act now
Investing in a stocks and shares Isa protects investments from both capital gains and dividend tax and that will become even more important after 6 April when tax-free allowances for both are slashed. We explain the importance of holding investments in an Isa and how people can make the best use of this year's £20,000 allowance before it's gone.
Earn more interest on your cash Isa WITHOUT switching bank: We reveal the best and worst rates on offer at six of the biggest high street banks
No matter how badly the big banks pay their savings customers, many of them continue to stay loyal. Whether it be down to trust, inertia or convenience, lots of people simply prefer to keep their savings with the same provider they bank with. While the high street banks have many appalling savings rates, they do also offer deals that are at least competitive - and, in some rare cases, even close to market leading. Here we compare the best - and worst - cash Isa deals on offer at the six of the biggest high street banks.
INVESTING SHOW: Blue Whale manager on ChatGPT's threat to Google, where Meta went wrong and why he bought an energy stock for growth
Blue Whale's strong early years performance landed it a spot in many investors portfolios, but as growth stocks suffered last year so did the fund. Manager Stephen Yiu joins Simon Lambert on the Investing Show to discuss the Blue Whale Growth Fund's performance and holdings. He explains why he no longer holds any of the FAANG shares but does back Microsoft and what made him pick energy stock Canadian Natural Resources.
Running out of road? Car buyers are racing to snap up hybrids but they'll be banned from sale in 2030 - here's what you need to know
Hybrid cars are often seen as a steppingstone between traditional combustion engine motors and fully electric vehicles. However, the days of the hybrid vehicle are already numbered, as most are set to be banned from sale in 2030 alongside petrol and diesels. Here's everything you need to know about hybrid cars, from the different types, their pros and cons, which hybrids are most (and least) economical and the UK's best sellers.
MORE BUSINESS & MARKETS NEWS
Chancellor in crisis talks on tech bank meltdown: Scramble to find a buyer as Silicon Valley Bank's UK arm is shut down
The sudden collapse of SVB's US parent sent shockwaves through global markets as it became the largest bank failure since the 2008 financial crisis. SVB's British arm will be put into insolvency by the Bank of England unless there are significant new developments. Officials at the Bank are scrambling to find a buyer in order to minimise disruption to business customers and the risks to the financial system.
YOUR MONEY ESSENTIALS
The most viewed homes for sale revealed: From a £2.5M Cornish beach house to Amanda & Alan's Italian Job renovation with a price of just £129,000
We take a look inside the top five most viewed properties for sale on Rightmove, including a two-bedroom flat that featured in TV's 'Amanda & Alan's Italian Job'. PIctured (clockwise from centre and then top left) are: A six-bedroom house in West Yorkshire's Ferrybridge Road, a three-bedroom house in Cornwall's Fowey, a two-bedroom flat in Italy's Sicily, a six-bedroom house in Glasgow, and a six-bedroom house in West Yorkshire's Briestfield.
Has Britain avoided a recession? All eyes turn to Spring Budget after surprise jump in economic growth
Britain may be set to avoid a recession entirely after growth surpassed expectations in January, despite a backdrop of stubbornly high inflation, industrial action and rising interest rates. Attention now turns to next week's Spring Budget with Chancellor Jeremy Hunt armed with better-than-expected economic data and potentially greater flexibility to unleash growth-boosting policies.
Ferrari's first four-door family car driven: We take to the wheel of the new £313,000 Purosangue - just don't let the Italian brand hear you call it an SUV!
The new Purosangue - whose name means thoroughbred - is the Italian supercar firm's first sporty higher-riding all-wheel drive crossover priced from £313,120 on the road. We've been to the car's official global launch event in the Italian Alps to find out if Ferrari has managed to blend family-living practicality with ferocious supercar performance.
How to make a fortune out of second hand furniture: DIY fixers reveal how they turn tat into treasure...
A growing band of savvy bargain-hunters are turning transforming old chairs, sofas, tables and wooden furniture into desirable pieces - and netting a tidy profit on the side. Brenda Melaniphy, 37, and her partner Stuart Cooper, 38, (pictured) from Littlehampton, West Sussex, have been turning vintage furniture into profit for a year.
Could you afford your home now? How higher rates have hit affordability and drastically limited what people can borrow
The rapid rise in mortgage rates over the past year has dramatically reduced the amount that people can borrow based on the same monthly payments. The size of mortgage that a £1,200 monthly payment secures now with average rates above 5 per cent is much smaller than when rates averaged about 2.5 per cent. What are the implications of this and how big a mortgage could you get now?
I've sadly been widowed twice but never inherited any state pension from my late wives: Is this right? Steve Webb replies
My first wife died in 2003 at 59 years old and sadly this was a few months before her 60th birthday and the point she would then have been able to claim her state pension. I went on to marry again in 2020 but sadly my wife died a few months later at the age of 77. I also wonder if I should have been eligible to inherit any of my second wife's state pension. I would be very grateful for any advice before exploring further with the Pensions Department.
'One owner, low miles, not seen the light of day for 33 YEARS': Classic Mini that's been locked in a garage since 1990 is expected to sell at auction for £12,000
Classic car hunters were located to the car's whereabouts for the last 33 years, which was a brick garage in the village of Prestwood, which is between Aylesbury and High Wickham. Still sporting the dust-covered signs of three decades of neglect, the 1970 Mini 1275 GT will be offered to the highest bidder at the Classic Car Auctions sale at the Practical Classic Car and Restoration Show at Birmingham's NEC over the weekend of 25 to 26 March.
Tricks to squeeze thousands more miles from your Avios points: From picking the right airline, to tracking down flights and booking cheap upgrades
Millions of us collect them to get discounts and upgrades on flights. But how many of us are squeezing the maximum value out of Avios points? The experts say few collectors truly know the best ways to use their pots -which vary depending on how many points you've racked up over the years. Here, three points pros reveal how to get the most bang for your buck...
Five of the best cash Isas: Barclays holds top spot with best one-year deal paying 4% while savers can get 3.01% on easy-access
Although cash Isas don't currently offer fantastic rates, it is still worthwhile opening one to shield money away from the taxman. This is Money picks our five favourite cash Isas for savers in 2022 - essential reading to help you choose a top savings account for your money. This page is kept up-to-date throughout the year - bookmark it for the very latest developments.
Would you pay £22.5M for a ruin? Mansion on one of the most expensive streets in the country that's been left to rot is now up for grabs
The six-bedroom property sits in almost an acre of land at the end of Compton Avenue, a private tree-lined road in North London. The house overlooks Highgate golf club, and has a gated driveway that is overgrown with weeds. The overgrowth has also spread across the front of the white house and across the windows. The property is for sale for £22.5million and is being sold by Bargets estate agents.
Become a neighbour of Clarkson's Farm: Three Cotswold houses for sale in Chadlington - the village by Diddly Squat
We pick three properties for sale in the Cotswolds village of Chadlington that features prominently in the latest series of TV's Clarkson's Farm. Pictured (clockwise from left) are: A four-bedroom semi-detached with a price tag of £700,000, a three-bedroom cottage that is on the market for £590,000, and a three-bedroom cottage with an asking price of £645,000.
I want to grow my small manufacturing business but I have very few staff… are recruiters worth it? BANK OF DAVE replies
I run my own small manufacturing business. As you can imagine it has been a really tough few years, with the pandemic, energy costs, and rising interest rates on my own mortgage. I want to start hiring more senior employees. Should I look at a recruiter or is it too expensive? Our business doctor Dave Fishwick replies.
Why aren't first-time buyers benefitting from an increase in homes if so many buy-to-let landlords are selling up?
As a person trying to rent at the moment, I'm finding the competition for every property near-on impossible. I've been reading that increasing numbers of buy-to-let landlords have been selling up meaning there are fewer homes for renters, which is causing rents to rise. But I don't understand how this makes any sense. If landlords are selling up, surely these homes are either being purchased by new landlords or by first-time buyers and therefore should be taking some of the demand out of the rental market?
Revealed: The new '23' number plates the DVLA deems offensive and has banned including EU23 OFF and GO23 HEL
EXCLUSIVE: The new '23' number plate launched for vehicles registered from the beginning of this month. But while a new registration plate means - usually - a boost in sales, it also triggers the Driver and Vehicle Licencing Agency into action to ban a slew of potentially rude and offensive combinations that can be created using the new digits. This year, the likes of D23 UGY, EU23 OFF and UA23 ASE have all been pulled from availability, carwow exclusively revealed to This is Money today after conducting a Freedom of Information request.
Who pays £600m bill for switching to new green funds? Investors face difficult decision - whether to stick or twist
New regulations, to be finalised this July by the Financial Conduct Authority, could result in hundreds of green investment funds being declassified as the regulator clamps down on greenwashing - the cynical marketing of a fund as green when it isn't. Those investors caught in such mislabelled funds will face a stark choice - to stay put and compromise their principles; or switch to an alternative fund that meets the FCA's new criteria. Investment manager Alan Miller, who has led the way in exposing greenwashing across the investment funds industry, says investors should not have to bear the cost of any switching - or resulting tax charges such as capital gains tax.
How to make the most of saving and investing into an Isa: This is Money podcast on growing your wealth tax-free
There's not long left until the end of the tax year - and that means it is time to sort your Isa if you haven't already. On this Isa saving and investing special podcast, Georgie Frost and Simon Lambert talk all things Isas - from finding the best saving rates, to how to invest and how to boost your chance of investment success if you already have a stocks and shares Isa.
SAVE MONEY, MAKE MONEY: TIPS AND GUIDES
How to choose the best (and cheapest) DIY investing Isa - and our pick of the platforms
Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads. We pick some of the best. 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.
ABOUT THIS IS MONEY
- Formal rescue bid for UK arm of collapsed Silicon Valley Bank submitted by consortium led by Bank of London
- Pensions need TLC...and a boost from Chancellor Jeremy Hunt, says RACHEL RICKARD STRAUS
- Chancellor to offer smaller and medium-sized enterprises big tax breaks for investment in effort to unleash...
- TV's Nicholas Owen tells ME & MY MONEY he finds it hard to spend - with one exception: 'I don't care for...
- Shocking way to sort meter row - lengthy battle over Scottish Power's botched installation: TONY...
- New car delivery delays REVEALED: How long do you have to wait for if you order one today? Here are the...
- Are YOU at risk of missing out on thousands as pension plans stake your cash on a game of... RETIREMENT...
- Memorial firm must play ball over missing tributes for club's fans, says JEFF PRESTRIDGE
- Small banks can be big trouble, says RUTH SUNDERLAND: That was one of the lessons of the credit crisis of...
- All eyes will be on markets amid what is expected to be sharp sell-off in bank stocks around the globe after...
- HAMISH MCRAE reveals a growth agenda...in five steps: The Budget matters a lot, but other longer-term...
- During key trade trip to Israel, Business Secretary Kemi Badenoch says steel is vital to industry - I'll...
- As investors shun London's Stock Exchange, with Square Mile suffering series of setbacks in past few...
- MIDAS SHARE TIPS: Get a dose of profits from diabetes jabs with Arecor, pioneering a way to make insulin...
- As Chancellor Jeremy Hunt dusts off the red box, how to Budget-proof all your finances
Premium Bonds Winners
Prize | Area | Value of bond |
£1,000,000 | Nottinghamshire | £15,000 |
£1,000,000 | Oxfordshire | £15,000 |
£100,000 | Central Scotland | £20,000 |
£100,000 | Kent | £15,000 |
£100,000 | Essex | £7,000 |
£100,000 | Warwickshire | £10,000 |
£100,000 | Manchester | £12,050 |
£100,000 | Devon | £5,000 |
SAVE MONEY, MAKE MONEY
- Five of the best cash Isas: Our favourite best buy tax-free savings accounts
- Get a better bank account: Best for switching deals, interest and perks
- How to find the best mortgage rate: Compare the top fixed rate deals
- Best savings rates: Savings platforms to manage your money in one place and get bonus boosters
- How to choose the best (and cheapest) DIY investing platform and stocks and shares Isa
- The best credit cards rated: Our pick of the top deals for cashback, rewards, clearing debt and airline points
- How to save hundreds on car insurance: Ten top tips to cut the cost in just a few minutes
- How to save money on spending abroad: From the best bank accounts and credit cards, to taking cash
- How to get the best and cheapest life insurance: What to consider and how to save money
THE INVESTING SHOW
- How Impax Environmental Markets invests in companies that can help the planet
- Will investors get a boost if inflation drops?
- Temple Bar's Ian Lance: The UK stock market is cheap and looks as interesting as in 2008
- What will Liz Truss mean for the stock market and investors?
- Will the rest of 2022 be better for investors and can the UK market continue to outperform?
- Biotech shares are in the doldrums and that gives investors an opportunity: International Biotechnology Trust's Ailsa Craig
- Blue Whale's Stephen Yiu: Why I ditched Facebook for better and more reliable growth opportunities
- Has the shift from growth to value kicked in already and what shares could profit?
- BP and Shell shares have bounced 45% in a year and pay big dividends, but will they be held back for not being green?
- Gresham House's Ken Wotton on why he gets stuck in to back small companies that can win big
MOST READ MONEY
- Log burners get treated as middle class trophies - but they are also a lifeline for many struggling with rising energy bills SAM BARKER
- How to make a fortune out of second hand furniture DIY fixers reveal how they turn tat into treasure... and how YOU can cash in too
- Could YOU get more interest with the top Isa deals that now pay 3% on easy access - or 4% on a fixed rate The best cash Isas for transfers
- Tricks to squeeze thousands more miles from your Avios points From picking the right airline, to tracking down flights and booking cheap upgrades
- Fixed savings rates have 'peaked' at 4%, experts claim But easy-access interest is still tipped to climb
- How heat pumps leave some homes so cold people are ripping them out - and even happy owners urge caution Is the plan to replace our boilers wise?
- Currys left my elderly aunt with gas leak, then no central heating for a week! SALLY SORTS IT
- The used cars that lose you the most money Electric vehicles dominate the list of the biggest price fallers in February - is your model on it?
- Spray foam insulation consumer guide from the Royal Institution of Chartered Surveyors doesn't say how to remove it The industry has been plagued by cowboy firms
- It's never been easier to avoid the big bank rip-off fees when using a debit card abroad LEE BOYCE
- Could you afford your home now? How higher rates have hit affordability and drastically limited what people can borrow
- Greggs to open 150 new UK stores and trial 24-hour drive-thru shops As FTSE 250 bakery chain's sales jump 23%
- I've sadly been widowed twice but never inherited any state pension from my late wives: Is this right? Steve Webb replies
- Car insurance postcode lottery We reveal how insurers charge up to FOUR TIMES as much to cover the same car in East London as rural Shropshire
- Car sales bounce back in February Registrations rose by 26% last month as EVs and plug-in hybrids account for almost a quarter of new models
- We can't ditch our broadband... we'll lose our email address! Seven tips to help you break free and move to a better and cheaper internet deal
- Digital banks lead the charge on easy-access savings rates: Zopa and Tandem launch new best buys But which is better?
- 'One owner, low miles, not seen the light of day for 33 YEARS Classic Mini that's been locked in a garage since 1990 is expected to sell at auction for £12,000
- The TWO-HOUR trip to the nearest ATM TOBY WALNE uncovers the disturbing warnings from Kielder... the remotest spot in UK's cash desert
- Wizz Air settles customer's case over cancelled flight - but hundreds of passengers are left in the air TONY HETHERINGTON investigates
- There's no such thing as a free £200 from a bank, says RACHEL RICKARD STRAUS Take the money, but keep an eye on what they are getting in return
- Angie Best - ex-wife of footballer George - tells ME & MY MONEY about her life as a model I earned a packet at Playboy Club - then hit road with Cher!
- Government urged to relax pension rules to encourage more over-55s back into work (and allow them to keep building their pots)
- It's a Law Debenture unto itself: JEFF PRESTRIDGE on the investment trust with a twist
- Hopes of tax-cutting Budget hit by recent jump in Government borrowing costs that threatens to blow hole in public finances
- Cash in on canvas Looking to move to the country? Why not set up your very own 'glampsite' for paying guests?
- Revealed: The new '23' number plates the DVLA deems offensive and has banned including EU23 OFF and GO23 HEL
- Who pays £600m bill for switching to new funds that really are green? New regulations could result in hundreds of green investment funds being declassified
- Leonardo DiCaprio and Kim Kardashian quizzed by FBI over links to fugitive financier
- As shares tumble and costs soar... Will the fast food giants ever deliver for investors?
- Housing market seeing signs of life after grinding to a halt last year, according to online estate agent Rightmove It said that 'confidence is improving'
- Thrills without frills New five-seater MG5 EV all-electric estate designed with 'keep it simple' maxim in mind, says RAY MASSEY
- Why aren't first-time buyers benefitting from an increase in homes for sale if so many buy-to-let landlords are selling up?
- Government pushed to ease rule stopping 'pension recycling' for tax gain Critics say it harms older people who return to work
- Were mortgage rates below 4% a flash in the pan? Nationwide hikes cost of home loans just weeks after cutting them as swap rates rise
- I want to grow my small manufacturing business but I have very few staff... are recruiters worth it? BANK ON DAVE replies
- Will spray foam insulation make your property hard to sell or mortgage? Property body publishes guidelines for homeowners considering installing it
- No fault divorce is 'turbo-charging hasty DIY splits' Spouses could be worse off if important assets like pensions are overlooked, say critics
- Four in five homes don't have enough buildings or contents insurance cover Here's how to tell if YOUR prized asset might be underinsured
- What's the secret to becoming an Isa millionaire? Save as much as you can... and opt for investment trusts over trackers
- We DIDN'T cancel Clarkson, insists ITV boss McCall says he is still host of Who Wants To Be A Millionaire? despite Megan Markle comments
- Become a neighbour of Clarkson's Farm: We pick three properties for sale in Chadlington
- Should you save for your child's future by opening a Junior Isa? Saving and investing for oneself is hard enough in the current environment, let alone having to think about one's children.
- Borrowing on cars balloons to record levels Some £41bn was locked up in motor finance last year
- How to pack the pooch: Cars are now being designed to ensure that pets travel safely too - with some of the best ideas to be put on show at Crufts
- 'The Beast' heads to auction The British-built classic car famed for being embroiled in a Rolls-Royce legal case - with a 27-litre aircraft engine
- Could UK smaller companies offer opportunities for income-seeking investors? What to look for... and how to avoid falling into the dividend trap
- Perfect storm hits housing All the warning signs are flashing that the property market is in for a serious shake-out, says MAGGIE PAGANO
- Bank of England governor Andrew Bailey: We might have to keep raising interest rates... but hikes are 'not inevitable'
- Phone and online 'copycat' scams now make up a THIRD of money fraud Victims tell us how they were fooled by people impersonating a bank and a fashion influencer
- The first Mini made in Germany New Countryman SUV is being built at BMW's Leipzig factory - and there'll be an electric version
- Do YOU know how much a flooded home costs to repair - and is it covered on your insurance? With heavy rain forecast, what you need to know
- I'm 72 and retired with a £650k home and generous pension and want to raise money to give to family, is equity release an option?
- UK's electric car revolution stalls Britain falling behind US and Europe in race to become an EV powerhouse, industry experts warn
- The property offer sweet spot! The optimal number of days a home needs to be on the market to get the best price from its sale
- The cleaner future of heating or noisy, ugly and pricey... will Britain fall in love with heat pumps or do they risk being a green status symbol? JEFF PRESTRIDGE
- Dacia's £17,000 Jogger estate can turn into Britain's cheapest CAMPERVAN for an extra £1,200 New 'Sleep Pack' adds a fold-out double bed
- The bank that won't pass on rate rises unless you ring and ask Just one of the ruses greedy lenders use to squeeze savers and pump up profits
- University awarded £582,000 grant to study 'second-life' options for electric car batteries and prevent 9MILLION TONS going into landfill each year
- One in three landlords could be forced to sell up after failing their lender's affordability test to remortgage Buy-to-let mortgage rates have remained high
- Meet the smart meter addicts: The dad who cut back on 1p coffees, the teacher on a £5.50 daily gas limit and the mum so obsessed she hid hers in a drawer!
- Could the new Harry Potter 50p coins conjure you a small fortune? Four-coin set features the wizard AND portraits of two different monarchs
- DVLA made £24MILLION selling driver details to private parking firms and local authorities last year As motorists were hit with £2.6billion in fines
- NatWest left me £6,000 out of pocket after scammers raided my bank account SALLY SORTS IT
- Holidaymakers can now pay with Avios when booking British Airways package deals
- More than 600,000 people pay to boost state pensions since flat rate system was introduced in 2016 .
- Sub 4% mortgages might not be around long, experts warn Lenders start to hike rates on fixed-term deals
- It is better to spend money extending energy support than pushing heat pumps and smart meters LEE BOYCE
- Do big banks take us for fools? They rake in huge sums on low savings rates and costly mortgages, so it's time savers ditched them, says SAM BARKER
- Food prices: As grocery inflation hits 17.1%, why is it so high and when will the cost of a weekly shop start to fall?
- Exposed by fellow motorists Some 55,000 'dangerous driving' dashcam clips were sent to police in the last three years - and these forces got the most
- Should you save or invest in 2023? Typical stocks and shares Isa fund fell over the past 12 months - while cash Isa savers saw returns edge up
- Why are gas and electric bills going UP in April... even though wholesale prices have gone down? We explain what affects energy costs
- How many funds should Isa investors hold in their portfolio? Three investment experts share what they do with their own money
- Hargreaves Lansdown offers £100 bonus for opening its 3% interest cash Isa Here's how to get it and how the deal stacks up
- What next for house prices? Could fewer first-time buyers, a landlord exodus and forced sellers bring them down - or will the market hold firm?
- Home sellers forced to slash asking prices by average of £14,000 in order to shift their properties, Zoopla says House price inflation slows
- Those living in UK's 900,000 off-grid homes can FINALLY apply for £400 Government energy bill help Who qualifies and how does it work?
- The musicians at war with TikTok Industry claims the Chinese social media giant is short-changing artists
- John Lewis boss Pippa Wicks makes shock departure after just three years in job
- M&S takes on plastic waste with 'bring your own bag' scheme for click & collect fashion and homeware orders
- Land Rover Defender built for Prince Philip sells at auction for a record £123,750 Seller makes HUGE profit after owning it for just eight months
- Get a better broadband deal! From haggling to threatening to switch, how YOU are fighting back against the great broadband rip-off
- Diesel drivers being unfairly stung an extra 20p-a-litre at the pumps over petrol RAC says they are due a 'huge price cut in the next two weeks'
- Double blow to supermarket shoppers as cost of 'value' range items soars by a fifth... AND discount grocers hike their prices too
- Growing numbers of Britons are turning to digital-only banks as branches close We round-up the four best online banks
- Quarter of people have seen housing costs rise in past three months As increasing rent and mortgage rates put pressure on household finances
- Two thirds of drivers think aggressive cyclists are a threat to their safety Despite just FOUR car occupants being killed in crashes involving bicycles in a decade
- Digital bank Kroo keeps swathe of angry customers waiting for weeks to open accounts as it struggles to cope with surge in demand
- Unleash our pension power, says RUTH SUNDERLAND Billions languishing in supposedly low-risk gilts could be used to reboot UK economy
- Eighties Fast Ford obliterates records by selling for £596,250 Winning bid for Ford Sierra Cosworth RS500 with 5,000 miles on clock is 30 TIMES its original price in 1987
- As his customers struggle with their fuel bills, Ovo chief plans to splash out millions revamping members' club in West London
- Britain's biggest banks see value of staff pensions plunge by more than £65bn Rising rates and fall-out from mini-Budget decimate assets
- Energy firm Ovo accused of threatening customer with forced installation of prepayment meter Regulator asked suppliers to stop the practice
- Almost a third of parents dip into retirement savings to support adult children As many as one in six are giving children money regularly
- 'I was left six-figure inheritance tax bill' Call to reform tax rules still stacked AGAINST people who live together
- Shoppers desperate to save money as the cost of living rises are being targeted by online scammers in a major new crime wave
STEVE WEBB ANSWERS YOUR PENSION QUESTIONS
- I delayed taking my state pension to boost payments but now miss out on pension credit - can I claim anything else?
- Will a £250k lump sum I inherited from my late wife's pension in 2013 be counted against my lifetime allowance?
- Why is £20 a week docked off my state pension because I contracted out of an old pension I cashed in years ago?
- Help! Pension firm failed to pay my mum with dementia £52k over four years - now HMRC has taken £17k in higher rate tax
- Should I stop giving my husband 10% of my tax allowance after the state pension rises in April?
- I've just turned 66 and HMRC intends to overtax me on my state pension - how is this right?
- Help! A pension I split with my ex in our divorce plunged from £121k to £71k while the scheme dawdled over sorting it out
- Will the Government scupper my plan to leave a pension pot to my children free of inheritance tax?
MIDAS SHARE TIPS
- MIDAS SHARE TIPS: Dechra's stock has fallen as the cost of living crisis bites, but pet care firm will have its day again
- MIDAS SHARE TIPS UPDATE: Clean up with a tidy profit by selling Bunzl 'solutions' business that says several of us use its products every day
- MIDAS SHARE TIPS: Transport tech firm you can really dig... Fast-growing Microlise helps JCB and its customers to maintain vehicles more effectively
- MIDAS SHARE TIPS UPDATE: Online advertising group CentralNic finds new users in TikTok
- MIDAS SHARE TIPS: Aim high as Nippon Active Value Fund seeks the best of Japan's reliable but undervalued businesses
- MIDAS SHARE TIPS: Feast on growth as Vietnam Opportunity Fund profits from the country's rapid development
- MIDAS SHARE TIPS: Invest in insurer to help cover your bills - Conduit Re paid a robust dividend in its first full year of business
- MIDAS SHARE TIPS: Royal Masonic Benevolent Institution Care Company bond set to pay 6.25% return
- MIDAS SHARE TIPS: A tempting remedy to perk up your portfolio... Haleon focuses on the serious side of everyday health
- MIDAS SHARE TIPS: Billionaire could help your funds take off - Pershing Square Holdings is a FTSE 100 business, yet it is relatively unknown
- MIDAS SHARE TIPS UPDATE: Have Foresight, it will pay dividends - group has made tangible progress since flotation but shares have not kept pace
- MIDAS SHARE TIPS: Invest in L&G as it branches out from insurance to building up Oxford University, retirement homes and even clean energy
FUND AND TRUST IDEAS
- JPMORGAN CLAVERHOUSE: Sunak's given the UK its street cred back, says fund boss - and 'dull is the new exciting'
- AMATI STRATEGIC METALS: Duo behind £90m fund are really showing their mettle
- EDINBURGH INVESTMENT TRUST has returned 86% in three years - and backs Britain with a 'double discount' offer
- M&G GLOBAL DIVIDEND FUND keeps it simple... in quest for strong balance sheets, and increasing annual dividend every year
- FTF MARTIN CURRIE UK SMALLER COMPANIES FUND: Shares in UK small firms are so low, 'it's a great time to buy'
- BANKERS INVESTMENT TRUST: After 57 years of growing dividends, this long-running global fund is now buying... banks
- AVI GLOBAL TRUST: Seeking out value others have missed and avoiding buying shares in big name growth stars like Amazon or Apple
- ALLIANCE TRUST: A mix of managers around the world has paid off for this dividend hero - with a 62% rise in five years
- TEMPLE BAR: Managers raise the bar as value investing-focused trust delivers a 76% return since they took over and lifts dividends
- DUNEDIN INCOME GROWTH INVESTMENT: Trust has a tight UK portfolio backed up by plenty of income
Latest: Mortgages
- What can you do if you're struggling to pay the mortgage? Watchdog urges borrowers to contact their lender as many face a rate shock
- What next for mortgage rates? Fixed rates go back up but there are still deals around for below 4%
- I'm 56 and want to clear my mortgage by the time I retire: Should I use my pension to pay off a lump sum?
- Hope for the housing market? Rics estate agents see a 'more stable' outlook as buyers' strike eases... but most homes sell for less than asking price
- How much would it cost to make your home greener? Two thirds of owners want to - with a fifth even considering remortgaging to do it
- Capital punishment: London buyers pay 47 times more stamp duty for an average home than those in the East Midlands
- Could you afford your home now? How higher rates have hit affordability and drastically limited what people can borrow
- House prices see a surprise February bounce: Average home up £3,116 in a month but Halifax warns of a 'general downward trend'
- Housing market seeing signs of life after grinding to a halt last year, according to online estate agent Rightmove
Latest from Saving & banking
- Earn more interest on your cash Isa WITHOUT switching bank: We reveal the best and worst rates on offer at six of the biggest high street banks
- Five of the best cash Isas: Barclays holds top spot with best one-year deal paying 4% while savers can get 3.01% on easy-access
- Best savings rates: Savings platforms to manage your money in one place - with easy-access, fixed-rates and notice accounts and bonus boosters
- A reward for loyalty: Yorkshire BS launches market-leading 4% interest savings account for members, as well as a competitive deal for new joiners
- So why has Revolut been hit by a surge in scams? UK tech giant founded by a Russian-born billionaire that offers current account-style services is targeted by fraudsters
- Fixed savings rates have 'peaked' at 4%, experts claim - but easy-access interest is still tipped to climb
- Digital banks lead the charge on easy-access savings rates: Zopa and Tandem launch new best buys - but which is better?
- The TWO-HOUR trip to the nearest ATM: TOBY WALNE uncovers the disturbing warnings from Kielder... the remotest spot in UK's cash desert
- From 3% interest to free spending overseas: We run the rule over the best perks from digital-only bank accounts at Monzo, Starling, Chase and Kroo
- Big Four banks are 'ripping off customers': MPs blast Barclays, HSBC, Lloyds and NatWest for passing on a fraction of rate rises onto savers
Currency | Rate | Buy now |
---|---|---|
Updated 13 Mar 2023. | ||
Euro | 1.106 | Buy Now |
US Dollar | 1.18 | Buy Now |
Australian Dollar | 1.742 | Buy Now |
Barbados Dollar | 2.216 | Buy Now |
Brazilian Real | 4.893 | Buy Now |
Bulgarian Lev | 2.092 | Buy Now |
Canadian Dollar | 1.573 | Buy Now |
Chinese Yuan | 8.699 | Buy Now |
Croatian Kuna | 8.045 | Buy Now |
Czech Koruna | 28.64 | Buy Now |
Danish Krone | 8.041 | Buy Now |
Hong Kong Dollar | 8.878 | Buy Now |
Hungarian Forint | 410.5 | Buy Now |
Icelandic Króna | 157.5 | Buy Now |
Indian Rupee | 87.48 | Buy Now |
Indonesian Rupiah | 15659.0 | Buy Now |
Israeli New Shekel | 3.734 | Buy Now |
Jamaican Dollar | 147.8 | Buy Now |
Japanese Yen | 157.5 | Buy Now |
Jordanian Dinar | 0.778 | Buy Now |
Kenyan Shilling | 135.1 | Buy Now |
Malaysian Ringgit | 5.047 | Buy Now |
Mexican Peso | 26.68 | Buy Now |
New Taiwan Dollar | 33.19 | Buy Now |
New Turkish Lire | 21.18 | Buy Now |
New Zealand Dollar | 1.847 | Buy Now |
Norwegian Krone | 12.3 | Buy Now |
Polish Zloty | 5.067 | Buy Now |
Romanian New Leu | 5.265 | Buy Now |
Russian Rouble | 75.14 | Buy Now |
Singapore Dollar | 1.547 | Buy Now |
South African Rand | 21.29 | Buy Now |
South Korean Won | 1461.0 | Buy Now |
Sterling | 1.0 | Buy Now |
Swedish Krona | 12.33 | Buy Now |
Swiss Franc | 1.074 | Buy Now |
Thai Baht | 39.76 | Buy Now |
UAE Dirham | 4.198 | Buy Now |
Vietnamese Dong | 27664.0 | Buy Now |
LATEST ON HOUSEHOLD Cost of living & bills
- How heat pumps leave some homes so cold people are ripping them out - and even happy owners urge caution: Is the plan to replace our boilers wise?
- As Chancellor Jeremy Hunt dusts off the red box, how to Budget-proof all your finances
- Save pounds on cost of car parking...by finding a drive instead: 'I earn £1,000 a year for owning two spaces'
- Customers forced to strip back car and home insurance deals to save money - but saving dozens of pounds could leave you out of pocket by thousands
- How to get cheaper car and home insurance... and beat the renewal hikes that can see some policyholders paying 400% more for the SAME cover
- Log burners get treated as middle class trophies - but they are also a lifeline for many struggling with rising energy bills, says SAM BARKER
- We can't ditch our broadband... we'll lose our email address! Seven tips to help you break free and move to a better and cheaper internet deal
- Train fares will rise by 5.9% TOMORROW - but travellers can still get cheaper tickets if they buy them before the deadline
- Four in five homes don't have enough buildings or contents insurance cover: Here's how to tell if YOUR prized asset might be underinsured
- Aldi tries to move into Waitrose land: Discount supermarket releases list of 30 sites to open stores including well-heeled areas such as Oxford, Harrogate and Dorchester
Latest from Cards & loans
- HSBC takes on rival upstarts with new Global Money Account offering fee-free debit card spending abroad
- How 'Secret Millionaire' Amigo loan shark funded his jet-set luxury lifestyle after leaving thousands of borrowers broke by making them use friends and family as guarantors for loans with 49.9% interest rates
- Is this the best Amex and Avios deal ever? British Airways launches new credit card that gives you eight free flights... just for signing up!
- Debt-fuelled Britain: Almost a quarter of people have borrowed to buy food or pay a bill in last three months as average credit balance hits £900
- The best credit cards rated: Our pick of the top deals for cashback, rewards, clearing debt, airline points and travelling abroad
- Credit card rates hit a 24 YEAR high: Here's how to reduce what you pay with zero interest deals and balance transfer - and pitfalls to watch out for
- Warning as the average credit card interest rate reaches a 16-year high of 30.3%
- Britons in the red: More people dip into their overdrafts as they struggle with rising living costs, while others are relying on buy now, pay later
- Loan repayments calculator
Latest from Investing
- CITY WHISPERS: Is Revolut still banking on its licence any time soon? Not that anyone's counting
- LIONTRUST UK SMALLER COMPANIES: £1.2bn fund shows why it's still king of the small-cap jungle
- Financial regulator asked to quantify cost to investors of its impending clampdown on the marketing of green investment funds
- MIDAS SHARE TIPS: Diagnosis? Invest in medical tech marvel Spectral MD, which has developed tool to predict how and whether wounds will heal
- MIDAS SHARE TIPS: Get a dose of profits from diabetes jabs with Arecor, pioneering a way to make insulin work faster and more efficiently
- INVESTING EXPLAINED: What you need to know about gross merchandise value, the total amount of products sold through a website over period of time
- As a regulatory revolution is poised to deliver big dividends and share price growth... How to get insurers to pay out
- SHARE OF THE WEEK: Deliveroo set to provide an answer to investor worries that the cost of living crisis has taken a bite out of takeaway orders
- SMALL CAP MOVERS: In The Style shares take one final tumble before being sold for a paltry sum
TOP CALCULATORS
- 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
- Monthly or lump sum savings calculator How much a regular monthly savings scheme could make or a lump sum could be worth.