The Bank of England today increased its base rate by 25 basis points to 5.25%, the highest level seen in 15 years.

A new survey by the government-backed Money and Pensions Service (MAPs) suggests that more people are saving despite the cost of living crisis.

The FCA, PRA and Bank of England are to remove the £10,000 limit on compensation payments related to complaints about the regulators due to be implemented from 1 November.

The Bank of England today increased its base rate by 50 basis points to 5% - twice the increase expected.