All news on the topic: Interest rates

867
It is prudent to assume energy prices could rise - Bank of England rate setter
A Bank of England rate setter says it's "prudent" to think that there might be a larger risk of energy prices rising than falling, which could keep inflation higher
1053
Rising mortgage arrears due to high cost of living and interest rates hikes
UK Finance reports that 93,680 homeowner were in mortgage arrears in the last quarter of 2023
955
Housing market outlook 'turns brighter' as buyer demand and sales increase
The housing market outlook has is showing signs of improvement, according to surveyors, with overall increases in buyer demand, newly agreed sales and new instructions to sell in January
1250
Bank of England's Sarah Breeden 'less concerned' about interest rate rises
Economists believe that interest rates have likely peaked, and will start to fall at some point this year
1032
Average house price up £3,785 in January is 'positive' start to year - Halifax
House prices increased for the fourth month with the pace of annual growth now at 2.5%
970
Bank of England debt sell off to fight inflation is a 'leap in the dark' say MPs
The Bank of England has been selling off Government debt in a bid to reduce inflation for the last two years
1200
New home registrations fell by 44% last year, according to latest industry data
The number of new home registrations plunged by 44% last year compared with 2022, according to new figures
700
Construction costs rise as Red Sea shipping disruption hits building firms
Building firms have seen the first jump in building costs since last autumn as Red Sea disruption sent shipping prices higher, according to a report
982
UBS widens cost-cutting target as it reports £598m Q4 loss after merger
UBS last year said it wanted to save £8bn by 2026 by reducing costs, including cutting about 3,000 jobs over several years
1144
Virgin Money sees dip in mortgage lending but signs of housing market recovery
The bank said it had been a "positive start to the year" in unveiling first-quarter financial results in line with its expectations
1235
Service sector rebound as businesses say they are more optimistic about future
The strong performance came in ahead of previous expectations for the industry, according to a new survey
1222
UK unemployment rate much lower than first thought, but inactivity jumps
The Office for National Statistics (ONS) said changes to the way that it gathers information on the UK labour force has seen it revise the unemployment rate down to 3.9% for the quarter, from the 4.2% previous estimate
643
UK inflation forecast to be highest in advanced economies in 2024 and 2025
The Organisation for Economic Co-operation and Development revised down its predictions for headline UK inflation to average 2.8% in 2024 and 2.4% in 2025, from the 2.9% and 2.5% respectively forecast in November
592
UK businesses facing the second-highest level of financial distress in Europe
UK companies are experiencing the second-highest levels of financial distress in Europe, with German firms leading the way, according to the Weil European Distress Index
594
TSB plans jobs cuts and branch closures to save £29m, parent firm reveals
The bank has set aside about £29 million for a programme of initiatives which it said will help manage business expenses
1235
YouGov confident as sales accelerate despite tough 'macro-economic environment'
The London-based company told shareholders it is therefore confident of meeting its guidance for the financial year, as it cheered the "resilient performance"
1089
Samsung reports 34% decline in Q4 operating profit due to slowdown in demand
Samsung Electronics has reported a decline in operating profit for the last quarter as demand slowed for its TVs and other consumer electronics products
749
Interest rates - Bank of England holds rate at 5.25% and shares inflation update
The Bank of England has paused the base rate at its current level of 5.25% for the fourth time, giving millions of homeowners relief over rising mortgage payments - but borrowing costs remain at a 16-year high
1257
Interest rates paused at 5.25% - how it affects your mortgage and savings
The Bank of England has paused its base rate for the fourth time in a row at 5.25% - we explain what this means for your mortgage, savings and if you have credit card or loan
1341
Average UK house price rose by 0.7% in Janauary, but buyers remain cautious
The average UK house price in January was £257,656, according to Nationwide Building Society
628
Santander sees profits soar by 13%, but banks sees more boorrowers under stress
The Spanish-owned bank said it is seeing a "modest" increase in customer arrears across mortgages, credit cards, unsecured personal loans and overdrafts in recent quarters.
929
Number of businesses going bust at 30-year high due tough economic climate
The number of company insolvencies hit a 30-year high in 2023 as firms suffered amid high interest rates and cost pressures
872
7 cost of living and money changes in February including deadline to claim £40k
We round up all the key financial announcements and deadlines coming up in February, including the final cost of living payment, the latest interest rate decision and an update for energy bills
601
Signs of upturn in housing market as mortgage approvals hit six month high
The "effective" interest rate - the actual interest paid on newly-drawn mortgages - fell from 5.34% in November to 5.28% in December, the first drop since November 2021
655
Number of people needing breathing space from debts increased by 25% last year
A standard breathing space is available to people with problem debt and gives legal protections from creditor action for up to 60 days