SIMON LAMBERT: The Bank of England may have paused but interest rates and inflation are heading back towards the ‘old normal’

SIMON LAMBERT: The Bank of England may have paused but interest rates and inflation are heading back towards the ‘old normal’

Update: The Bank of England held interest rates today at 5.25 per cent – this column has had figures updated to reflect that. Inflation was revealed to have dipped again yesterday to 6.7 per cent – a figure that just two years ago would have been seen as horrifyingly high but is now seen as … Read more

Car firms will still be forced to sell more electric vehicles every year despite petrol and diesel ban delay

Car firms will still be forced to sell more electric vehicles every year despite petrol and diesel ban delay

Ministers have said a Zero Emission Vehicle mandate will still be introduced next year, despite Rishi Sunak’s decision to postpone the ban on sales of new petrol and diesel cars from 2030 to 2035. The PM addressed the nation on Wednesday to confirm he would roll back a number of net zero deadlines, including when … Read more

Best fixed-rate savings accounts to open now as top deals could vanish

Best fixed-rate savings accounts to open now as top deals could vanish

Best fixed-rate savings accounts to open now as top deals could vanish By Helen Kirrane Updated: 08:17 BST, 22 September 2023 Products featured in this article are independently selected by This is Money’s specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We … Read more

Running out of power: Value of used electric cars drops by a fifth, plummeting in price by a quarter in a year

Running out of power: Value of used electric cars drops by a fifth, plummeting in price by a quarter in a year

Running out of power: Value of used electric cars drops by a fifth, plummeting in price by a quarter in a year By Piriyanga Thirunimalan Updated: 08:03 BST, 23 September 2023 Prices of second-hand electric cars have plummeted by almost a quarter in a year, figures show, amid a drop in consumer confidence. Dealers have … Read more

Business downturn fuels recession fears, as PMI index weakest since 2021

Business downturn fuels recession fears, as PMI index weakest since 2021

Business downturn fuels recession fears, as PMI index weakest since 2021 By John-Paul Ford Rojas Updated: 11:13 BST, 23 September 2023 Britain’s private sector is shrinking at the fastest pace since the nation was in lockdown – adding to fears of a recession. The monthly purchasing managers’ index (PMI) for September delivered the weakest reading … Read more

ALEX BRUMMER: Rachel Reeves’ plan to ‘gold-plate’ OBR Budget scrutiny is not a radical new deal

ALEX BRUMMER: Rachel Reeves’ plan to ‘gold-plate’ OBR Budget scrutiny is not a radical new deal

ALEX BRUMMER: Rachel Reeves’ plan to ‘gold-plate’ OBR Budget scrutiny is not a radical new deal Reeves promises ‘permanent tax and spending changes’ will get OBR scrutiny She says Labour will commit to single budget by end of November each year But the notion that this is some radical new deal needs to be scotched … Read more

Row brews in the car industry as firms face £15,000 fines for missing electric vehicle quotas

Row brews in the car industry as firms face £15,000 fines for missing electric vehicle quotas

Row brews in the car industry as firms face £15,000 fines for missing electric vehicle quotas By Leah Montebello and Rob Hull Updated: 09:22 BST, 22 September 2023 A new row is brewing within the car industry as manufacturers are told they must meet electric vehicle (EV) targets from the new year – despite the government’s … Read more

The move to electric cars will cost £9 billion in lost fuel duty by 2030, ministers warn

The move to electric cars will cost £9 billion in lost fuel duty by 2030, ministers warn

The rush to electric cars will blow a £9billion black hole in the public purse by 2030, ministers were warned yesterday. Experts said fuel duty receipts would fall by around this much because of the Government’s 2030 ban on the sale of new petrol and diesel cars. Electric cars are also currently exempt from road … Read more

House prices fall at fastest rate since 2009 while rents climb due to ‘yawning gap’ in supply and demand

House prices fall at fastest rate since 2009 while rents climb due to ‘yawning gap’ in supply and demand

House prices fall at fastest rate since 2009 while rents climb due to ‘yawning gap’ in supply and demand By Adele Cooke Money Mail Reporter Updated: 11:45 BST, 14 September 2023 House prices fell at their fastest rate since 2009 last month as the ‘downward spiral’ continues, a new survey of estate agents and surveyors … Read more

Energy firms banned from force-fitting pre-payment meters for over-75s

Energy firms banned from force-fitting pre-payment meters for over-75s

Energy firms banned from force-fitting pre-payment meters for over-75s Ofgem has toughened rules on fitting pre-payment meters without consent Energy firms can still force-fit these meters so long as they meet the rules By Sam Barker Updated: 12:40 BST, 13 September 2023 More households will be protected from having pre-payment energy meters forcibly fitted in … Read more