Browsing: interest rates News

Construction output in Great Britain decreased again in April, marking the third consecutive monthly decline.The Office of National Statistics reported a 1.4% decrease in construction output…

Wage growth for UK employees remains strong, potentially lowering the prospect of a pre-election cut in interest rates. In the year to February to April 2024,…

In a challenging economic climate, Essex-based D&B Scaffolding has managed to increase its revenue and profit, showcasing resilience amidst inflation and rising interest rates.The company’s turnover…

Recent findings indicate British firms’ limited response to inflation, affecting low-paid workers.Only 30% of businesses plan to raise pay above inflation, despite cost pressures easing.Over 60%…

Howard Tenens Logistics attributes its flat growth to uncontrollable factors.The company’s turnover increased slightly to £107.5m, driven by warehousing.Transport turnover saw a decline of 1.2% due…

UK households are taking a cautious approach to spending, unaffected by the Budget’s initiatives.Despite anticipated tax cuts, consumers remain wary due to high debt levels and…

Exploring the financial details of securing a £150,000 mortgage unveils complexities that potential homeowners must navigate.A mortgage is a loan agreement between a lender and a…

For the first time since November 2021, the Bank of England has voted to leave borrowing costs unchanged. Interest rates were held at 5.25% a day…

The Bank of England has raised interest rates by half a percentage point to 5% — the highest level in 15 years. It’s the 13th consecutive…

UK inflation stood at 8.7% in the year to May, the same as the rate in April, according to the latest official figures. Analysts had expected…