Browsing: interest rates News

The Advantage Travel Partnership’s recent survey reveals financial difficulties for nearly half of its agents, indicating lingering impacts from the Covid pandemic.44% of travel agents are…

The UK has officially entered a recession, affecting small business confidence.A significant portion of small firms had been optimistic about 2024, but the recession news changes…

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 major UK banks would be able to withstand another financial crisis, according to the Bank of England. A stress test of eight banks and building…

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…

Jeremy Hunt has said he is “comfortable” with the UK falling into recession if that’s what it takes to bring down inflation. Speaking to Sky News,…

The Bank of England has announced another increase in the Bank Rate after a surprise jump in inflation last month. Interest rates were raised from 4%…

The Bank of England has raised the base rate of interest from 0.75% to 1%, the highest level since 2009. It’s the fourth consecutive increase since…