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Finance Roundup: 24th June 2023

  • Publish Date: Posted 8 months ago
  • Author:by VANRATH

Catch up on all the latest finance news in our Finance Roundup!

Bank of England interest rate hike sparks pound and gilts volatility

The pound suffered trading volatility on Thursday as investors weighed up news that the Bank of England (BoE) had hiked interest rates by 0.5%, and what this could mean for the British economy.

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New £47m packaging business launched by Terry Cross to create 169 jobs in West Belfast

SERIAL entrepreneur Terry Cross is to invest £47 million in a new West Belfast packaging business, creating 169 jobs. Biopax is bringing the former Caterpillar site at Springvale Business Park back to life.

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Over 300,000 people in Northern Ireland will receive a £150 disability Cost of Living Payment

The Derry City and Strabane area has the highest rate of the population receiving the payments that are designed to help those on disability benefits with the rising cost of living, with around one in four people receiving the payment.

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Ulster Bank provides £20m Facility to Habinteg

Habinteg Housing Association (Ulster) has secured an additional £20m funding facility from Ulster Bank to support its plans for new homes across Belfast and the North West.

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