Yesterday, Mervyn King, the Governor of the Bank of England, suggested that the bank base rate will likely stay at its current all-time low, of 0.5%, for the foreseeable future.
Yesterday the US finally got their man Tony Hayward, the now former chief executive of BP. However, now there are complaints about the size of his golden parachute payout of around £12million. But how does this compare to other former CEO pay-offs?
A survey by Which? Magazine has found that 8 out of the 12 banks and building societies do not personally inform their clients when they cut the interest rate on their savings accounts.
The Government is proposing to implement an annual allowance for pension contributions of £40,000 and suggests this could be indexed – reports Money Marketing.
Since 2010 I've been helping people with their personal finances for FREE. Every year we help over 4 million people but that's not enough. Help me help more people by sharing the site with your family, friends and colleagues. - Damien Fahy, Founder
MTTM AI (beta)
⛶X
I’m MTTM AI (beta), powered by DaMoney. I can help with personal finance questions. I’m an AI tool, not a financial adviser. Answers are for information purposes only and do not constitute financial advice. Always verify responses with your own research and seek professional advice. By using this chat, you agree to our Terms of Use.
Go ahead, ask me a question
FREE money news & deals email
Get the latest deals, guides, and tips directly in your inbox every Wednesday & Sunday. Subscribers can get £15 bonus cashback at TopCashback. New TopCashback customers only, T&Cs apply. Don’t miss out. Past Emails.