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    • Interest rates rise, TikTok banned, and transgender athletes excludedThe Bank of England increased interest rates, TikTok was blocked from parliament, and transgender women were excluded from female competitions, affecting various sectors including housing, politics, and sports.

      The Bank of England raised the base rate of interest to 4.25%, the highest level in 14 years, in an attempt to combat persistent inflation. This decision will lead to increased costs for those with variable or tracker mortgages. Meanwhile, TikTok has been blocked from parliamentary devices due to cybersecurity concerns, potentially impacting political campaigns that rely on the platform's young user base. World Athletics has excluded transgender women who have gone through male puberty from female competitions, effective March 31st. In other news, a summary of Labour leader Sir Keir Starmer's tax payments revealed over £67,000 paid to HMRC in the last financial year. These are just a few of the key points discussed in today's podcast, sponsored by BT, which emphasizes the importance of reliable connectivity for businesses.

    • The need for health insurance and joy of giving gifts remain constantDespite political changes and life events, health insurance and gift-giving remain essential. UnitedHealthcare offers flexible, budget-friendly coverage, while Celebrations Passport provides a one-stop shopping site for thoughtful gifts with rewards

      While political leaders make headlines and life circumstances may change, certain necessities remain constant. For instance, the cost of prime minister Boris Johnson's COVID-19 test compared to Nicola Sturgeon's farewell speech at Holyrood, both significant events in their respective careers. However, regardless of these events, health insurance remains an essential need. UnitedHealthcare TriTerm Medical plans, underwritten by Golden Rule Insurance Company, provide flexible, budget-friendly coverage lasting nearly three years in some states. Moreover, another constant in life is the joy of giving gifts. My family and friends know me for my thoughtful gift-giving, and I owe it all to Celebrations Passport from 1-800-Flowers.com. This one-stop shopping site offers amazing gifts for every occasion, and the more I give, the more perks and rewards I earn. Free shipping on thousands of gifts is just one of the many benefits. So, in summary, while the world around us may change, the need for health insurance and the joy of giving gifts remain constant. UnitedHealthcare and Celebrations Passport are here to help you navigate these essential aspects of life.

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    Bank of England hikes UK rates to 4.5% - (TREASURY NEWS)

    Is raising interest rates the right move and will it slow inflation?

    Is raising interest rates the right move and will it slow inflation?
    It's a hat trick. After all those years of waiting in vain for a rate rise after the financial crisis, now the Bank of England has the wind in its sails and has raised rates three times since December.

    The shift up in the base rate to 0.75 per cent hardly takes rates into the stratosphere but moving from 0.1 per cent to here in four months stands at serious odds with the lower for longer mantra that dominated the past decade and a bit of central bank thinking.

    It's being done to combat inflation that's now forecast to hit 8 per cent (or maybe higher admits the Bank). The irony is that interest rate rises will do little to tackle imported inflation.

    So is the Bank making the right moves? Is it right to try to crack down on inflation now, or is it putting the Covid recovery at risk? And what does this mean for savers, borrowers and investors?

    On this week's podcast, Tanya Jefferies, Georgie Frost and Simon Lambert discuss the rate hike - if you can call a quarter point rise a hike - and how much more of this may be coming down the line.

    Plus, what are the best shares and funds to stash in your Isa in volatile times, do you have to pay tax on a £20,000 bitcoin profit, and would you swap your device trash for cash at Currys?

    Have interest rates peaked - and what happens next?

    Have interest rates peaked - and what happens next?
    Have interest rates peaked?

    After an inflation spike rudely awoke them from their slumbers, the Bank of England and the US Federal Reserve have shown us that rate hiking can be a difficult habit to break.

    But 14 consecutive rate rises into an astonishing run from 0.1 per cent to 5.25 per cent for the base rate, the Bank of England suddenly paused six weeks ago. And then, on Thursday, it did it again.

    On both of those occasions, the Fed had also just done the same thing across the Atlantic.

    So, are we finally there? When does a pause become a peak? And if we have reached the top of the interest rate cycle, what happens next?

    On this episode of This is Money podcast, Georgie Frost, Helen Crane and Simon Lambert look at the decision to hold rates again and what it means for savers, mortgage borrowers and investors.

    Plus, what are Andrew Bailey’s Bank of England and Jay Powell’s Fed telling us about their respective economies – and how divergent are the paths of the UK and US?

    Also on this episode, Crane on the Case digs into a how an entirely explainable and obvious error somehow led to a reader facing more than £8,000 of fines and Transport for London refusing to budge… until we stepped in.

    Plus, some previous high-flying investment trusts are going cheap, so is this the time to invest? Simon takes a look.

    And finally, what have the Premium Bonds and a pop quiz on number one hits in 2000 and 2008 got to do with each other?

    Listen to the end if you want to find out why you need to know that the UK number one in February 2008, was Duffy singing Mercy.

    BOE Weighs Cut Timing, Apple's Succession Plan & Biden's Israel Warning

    BOE Weighs Cut Timing, Apple's Succession Plan & Biden's Israel Warning

    Your morning briefing, the business news you need in just 15 minutes.

    On today's podcast:


    (1) Bank of England Governor Andrew Bailey may deliver a lift to British consumers with a stronger signal on when the central bank can lower borrowing costs from their highest in 16 years.

    (2) Former Bank of England chief economist Andy Haldane was debanked like Nigel Farage, the one-time Brexit Party leader, because he was designated "politically connected."

    (3) US President Joe Biden said he would halt additional shipments of offensive weapons to Israel if the country proceeded with a ground invasion of Rafah, decrying the potential loss of civilian life as "just wrong."

    (4) London is missing out on a rebound in Europe's initial public offering market, in yet another sign of its waning prospects as a listing destination. 

    (5) John Ternus, the head of hardware engineering, is emerging as a potential successor to Tim Cook as the CEO of Apple.

    See omnystudio.com/listener for privacy information.