UK Mortgages rates and deals

The Bank of England holds UK interest rates at 0.5% and no new quantitative easing measures are announced.

UK’s leading retailer plans to open fewer very big hypermarkets and prioritise online sales more

(Reuters) - The Internal Revenue Service has persuaded U.S. taxpayers to disclose hidden offshore bank accounts but then sometimes failed to cap the penalties, as promised, an agency watchdog said on Wednesday, accusing the IRS of “bait and switch.” The Taxpayer Advocate Service, an oversight arm of the IRS, wrote in its annual report to Congress that a series of IRS voluntary disclosure programs allowing wealthy Americans to come forward and disclose their hidden accounts in exchange for reduced penalties had caused some taxpayers to pay more than they had been led to believe was required. …

European groups stop spot crude purchases with country ahead of an EU meeting this month that could impose a full oil embargo on Tehran