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All news on the topic: Interest rates

626
UK pay growth hits 5.6% in November, increasing pressure on Bank of England
Annual growth in average weekly earnings increases by 5.6% in three months to end of November
517
Bank of England hints at ’gradual’ rate cuts as interest rate remains unchanged
There was surprise support for a fresh rate cut at the meeting which has revived hopes for borrowers that some further relief is possible in February.
606
ECB lowers interest rates to boost struggling eurozone economy
Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown
472
UK economy unexpectedly flatlines for second month in row
Pre-election slowdown continues in July despite economists predicting growth of 0.2%
1316
UK's poshest pawnbrokers where desperate rich sell Porsches and Rolex watches
James Constantinou, who owns Prestige Pawn, a brokers in Guildford, Surrey, says more and more people are looking for quick cash amid the cost-of-living crisis and high interest rates
673
Martin Lewis warns Brits facing 'annoying cliff £1 edge' in tax system
Martin Lewis was joined by tax experts Kari Mellon and Rebecca Benneyworth who explained how a tiny amount of extra money could people paying a lot more tax
1228
Expert's tax warning for parents saving money for their children
A new study has revealed UK parents could be saving more for their children than for the entire household, but there is a tax predicament to be mindful of
712
Bank of England warning as 400,000 to see 'very large' hikes in mortgage costs
Currently, around 35% of households with mortgages, equating to over three million, are paying below 3% and are expected to see an increase between now and the end of 2026
429
Britons cut back on high street spending to splash out £178bn creating memories
'We're witnessing a long-term behavioural shift that will see experiences like travel and live entertainment take up a greater share of our discretionary spending, certainly this summer but also into the foreseeable future' - Dr Peter Brooks, Barclays' chief behavioural scientist
1199
HSBC joins rivals in cutting mortgage rates after Bank of England decision
The mortgage rate cuts from HSBC come into effect from today after Barclays reduced rates on Tuesday, while NatWest announced cuts on Friday
1170
First-time buyers issued with £400 a month warning in new calculations
The calculations made various assumptions, including that first-time buyers would have a 20% deposit to put down, that their mortgage term would last 25 years
592
First-time buyers pay £400 more every month to get on property ladder since 2019
Typical first-time buyers face paying £227,757 to get their first step on the property ladder, a jump of nearly a fifth since the Conservatives were elected in 2019, according to property website Rightmove.
764
Interest rates held at 5.25% despite inflation drop - what it means for you
Economists had widely expected the base rate wouldn't be cut just yet, and predicted the Bank of England will want to wait to see if inflation will stay under control
1430
Inflation falls to 2% - what this could mean for mortgage interest rates
Inflation reached a peak of 11.1% in October 2022, so it has come down drastically since then - but is it enough to sway the Bank of England to finally cut rates?
1425
Berkeley lifts outlook despite 'challenging conditions' in property market
The boss of the London-listed firm said it is witnessing a 'lack of urgency' in property demand and expects this to continue until interest rates start falling from their current rate of 5.25%
877
Berkeley Group expected to post fall in profits as demand for property slows
Berkeley Group is expected to post a drop in pre-tax profits on Wednesday as the housebuilder continues to struggle with poor demand in the housing market.
520
Bank of England expected to leave interest rates unchanged this month
The Bank of England's Monetary Policy Committee will make its latest decision on interest rates on Thursday, with little chance that the central bank will start to reduce them
912
Jobs market holding steady as recruiters place 1.7m adverts looking for workers
'Employers are intent on hiring and investing in their own business but are acting more cautiously because of economic and political uncertainty' - Neil Carberry of the Recruitment and Employment Confederation
1232
First-time buyers willing to move 30 miles to get on property ladder
A study of 1,000 aspiring homeowners found 39% are looking in neighbouring areas to improve their chances of securing a property that meets all their needs
1347
Full list of food and drink items that are rising in price despite inflation dip
The main inflation figure you see in headlines is used to represent an average, this means the individual prices of some goods may be higher or lower than this
597
UK housing market confidence fell in May as demand weakened, surveyors say
A net balance of 8% of property professionals saw home buyer demand falling rather than rising in May, marking the weakest reading since November 2023
1133
DFS faces drop in profits as shipping delays and weak consumer demand hit sales
DFS has seen a slump in sales for expensive items like sofas, with shoppers tightening their belts and DFS having to offer deals to encourage purchases
668
UK economy flatlines in April in crippling blow for Rishi Sunak
The economy marked a slowdown from growth of 0.4% in March and was dragged down by weaker-than-usual retail sales over Easter and a fall in construction output
865
What does the rise in unemployment and strong wage growth mean for me?
The latest data from the Office for National Statistics showed the unemployment rate ticking higher, while wages continued to outstrip inflation
566
Best ways to boost your credit score in your twenties - and stark Klarna warning
Checking and improving your credit score can feel lIke one of life's mundane tasks, but we speak to two money experts who share easy ways to boost your credit score