The Bank of England (BoE) has cut interest rates to 4.5%, a move aimed at providing financial relief to borrowers amidst an increasingly sluggish economy. However, the decision comes with a stark warning that inflation is expected to peak at 3.7% by autumn, placing further pressure on households. UK Economy Faces Stagflation as Growth Forecast Continue reading
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HSBC Faces Backlash Over Withholding £978m in Pensions from Hong Kong Exiles
Thousands of Hong Kong residents who fled to the UK are facing severe financial hardship as HSBC refuses to transfer £978 million in pension savings. The issue affects former Hong Kong residents who relocated to Britain following the pro-democracy protests and the introduction of national security laws in 2021. Thousands of Hong Kong Exiles Struggle Continue reading