Business

US raises benchmark interest rate by 0.25%

Image copyright Getty Images The US Federal Reserve has raised its benchmark interest rate by 0.25% for only the third time in a decade. The central bank voted to raise its key rate target to a range of 0.75% to 1%. The Fed had been expected to raise rates after a robust February jobs report, […]

Business

Slow burn

Image copyright Getty Images Image caption Fed chair woman Janet Yellen has said she does not want to stoke inflation Back in the depths of the financial crisis the US Federal Reserve cut its main interest rate to close to zero. It was an effort to prevent an even more severe economic downturn. In late […]

Business

NICs U-turn

Reality Check verdict: About 80% of self-employed workers will pay less National Insurance from April 2018, with the rest seeing no change after the government abandoned changes announced in the Budget. Chancellor Philip Hammond announced on Wednesday that he would not be raising Class 4 National Insurance contributions as he had planned to in last […]

Business

Identity fraud reached record levels in 2016

Identity theft cases reached record levels in 2016 with young people a growing target, the fraud prevention organisation Cifas says. Almost 25,000 victims of fraud were aged under 30, with the number of under-21s defrauded rising by a third. The statistics were gathered from 277 banks and businesses, and are at the highest levels since […]

Business

What used to stress Sainsbury's boss?

Mike Coupe, the head of the supermarket chain Sainsbury’s, shares the business advice he wishes he had been given when he started out. Shhh! Get all the #CEOSecrets on our website here and watch this video explaining the series. To keep up to date with the CEO Secrets series and go behind the scenes, follow […]