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All news on the topic: Interest rates

439
UK economy unexpectedly flatlines for second month in row
Pre-election slowdown continues in July despite economists predicting growth of 0.2%
1301
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
656
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
1214
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
696
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
415
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
1173
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
1154
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
576
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.
750
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
1416
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?
1413
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%
859
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.
511
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
903
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
1206
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
1341
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
588
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
1119
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
652
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
850
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
548
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
892
UK unemployment rate rises to highest level in two years as jobs market 'cools'
The rate of unemployment lifted to 4.4% in the three months to April, up from 4.3% in the three months to March
1117
UK construction sector grows at fastest rate for two years as economy recovers
The latest S&P Global construction purchasing managers' index scored 54.7 in May, jumping from 53.0 in April and was significantly stronger than expected
1106
UK services sector growth slows as inflation hits three-year low, new data shows
The S&P Global UK services PMI survey scored 52.9 in May, down from 55.0 in April