All news on the topic: Interest rates

795
Tech and telecoms firms accused of enabling online frauds
Scammers need websites, phonelines and email addresses - and plenty of firms are willing to provide them
1135
Mortgage rates hoped to be nearing a peak as UK banks go under the spotlight
Barclays, Lloyds Banking Group and NatWest Group are due to update shareholders on their third-quarter earnings and outlook for the year
677
Chancellor gets boost as government borrowing falls below expectations
The Office for National Statistics (ONS) said public sector net borrowing stood at £14.3 billion last month, £1.6 billion less than a year earlier
1205
AI analyses Bank of England speeches to predict interest rate decisions
Researchers in the Sheffield Business School at Sheffield Hallam University used generative artificial intelligence (AI) program ChatGPT to analyse speeches made by Bank of England policymakers
1071
Top savings and current account providers revealed by Which? survey
The consumer group commissioned two surveys, one of more than 4,100 savers and another of more than 4,500 current account holders, to find out about their banking experiences
1155
FTSE 100 plunges as inflation worries spark fresh concerns over interest rates
The UK's blue chip index has dropped nearly 100 points with housebuilders among the stocks seeing the biggest losses
1328
Think tank suggests Bank of England should have power to cut rates into negative
The Resolution Foundation has warned that the cost of servicing the UK's debt could soar to 5% of GDP if rates stay higher for longer and following current fiscal policy plans
729
FTSE 100: Health and energy boost as UK stocks rally
The blue-chip index was boosted by gains for pharmaceutical firm AstraZeneca while BP and Shell saw another positive day of trading
663
Inflation unchanged at 6.7% but prices still rising - what it means for you
Inflation measures how the price of goods and services has changed over time - when it is higher, it means you can buy less for the same money compared to a year ago
1132
UK economy 'heading for recession' as Chancellor faces 'horrible fiscal bind'
The UK economy is in a "horrible fiscal bind" as it heads for recession and with no room to cut taxes or increase public spending amid mounting political pressure on the Chancellor to do so, according to a report
981
Wages rise at near record pace as inflation finally falls back
Wages are now rising faster than prices for the first time since October 2021, according to official figures
956
Bellway to build fewer homes due to falling demand and rising mortgage costs
Housebuilder Bellway has warned it will build nearly a third fewer homes over the year ahead amid slumping demand and falling house prices
832
Tories warned 'sugar rush' of tax cuts before election will fuel recession risk
The Institute for Fiscal Studies says weak economic growth and stubbornly high inflation leave “no room” for unfunded tax cuts or spending increases any time soon
660
Cost of nationalising Britain's energy grid could be paid for in a decade
Research shows Labour’s plan for a publicly-owned energy transmission company could upgrade the UK’s creaking network much more cheaply than the current privatised firm
696
UK's outlook better than last year, says Bank of England Governor
The Governor of the Bank of England has said he is the only person in the IMF who can point to things being better now, amid the Bank's rate decision last month
1124
FTSE 100 closes higher as UK economy rebounds from July's shock contraction
The UK's blue chip index has moved higher as official figures showed the economy bounced back in August, further dampening fears of an impending recession
521
Bank of England survey reveals sharp rise in mortgage losses
Default rates on mortgages and credit cards are expected to increase in the next few months, according to a Bank of England survey of lenders
1322
Wagamama owner Restaurant Group agrees to buyout by private equity giant Apollo
The Restaurant Group (TRG) said it backed the "certain value" offered by the deal amid consumer spending woes and wider economic uncertainty
937
UK economy grows slightly in August with GDP up 0.2%
The UK's economy grew slightly recently, with the services sector leading the way, the Office for National Statistics has said
1162
Bank of England member warns of 'inequality' as interest rates remain at 5.25%
The MPC member said the impact of rising rates on younger and lower-income workers is "going to be pretty equally balanced"
1270
The housing market is 'stuck' as mortgage rates stay at historic lows
The housing market is continuing to be affected by a backdrop of low interest rates and rising rents, with the market expected to remain subdued in the short-term
788
UK set to record weakest economic growth in G7 as IMF forecasts 0.6% growth
Britain is forecast to record the poorest economic growth across the G7 group of economies next year, according to the International Monetary Fund
991
Bank of England warns homeowners to be careful with mortgage payments
The Bank of England has warned that many homeowners are extending the period over which they pay back their loans, which could increase the burden on them in the long run
697
'I ate nothing but sandwiches for two years to be able to afford my first home'
Penny Vandernhurk has shared five useful tips to help first time buyers get on the property ladder - although it could seem daunting, Penny said there are simple ways to help you save
543
Top 20 things Brits are saving money for - including a holiday, and retirement
Four in ten Brits would describe themselves as savvy savers - although a further 57% admit they struggle to find the motivation to start putting money aside