Tag Archives: Interest Rates

Brokers said homeowners coming to the end of fixed-rate deals over the last 18 months have increasingly turned to short-term fixed-rate loans on the expectation that interest rates would soon be falling again. David Hollingworth, of L&C Mortgages, said the proportion of homeowners locking in rates for only two years …

Exclusive: The Communication Workers Union said it has had multiple reports of workers being told sick leave will be seen as ‘unauthorised absence’ for the foreseeable future The backlog of undelivered letters and parcels which has been building up for days outside the Royal Mail sorting office in Bristol ( …

London CNN  —  British Prime Minister Liz Truss admitted mistakes had been made with her government’s controversial “mini-budget” announced last week – which sent the pound to historic lows and sparked market chaos – but stood by her policies. Speaking to the BBC’s Laura Kuenssberg on Sunday morning Truss said: …

Credit card rates have hit a record high amid soaring inflation which has driven shoppers to borrow to cover living costs. The average annual percentage rate – or “APR” – charge on credit cards has reached 26.6pc this month, the highest since records began in 2006, according to Moneyfacts, a …

Andy Haldane caused quite a stir this month when he suggested the economy was like a coiled spring waiting to go off. As the Bank of England’s chief economist has discovered, it’s harder to be a Tigger than an Eeyore. Predictions of impending disaster tend to be forgotten even when …

Photographer: Hollie Adams/Bloomberg Photographer: Hollie Adams/Bloomberg U.K. inflation unexpectedly accelerated in January, in what economists say is the first step toward a significant increase that could bring the rate close to the Bank of England 2% target later this year. Prices climbed 0.7% from a year earlier, boosted by the …