All the updated news related to interest rates

All the news related to interest rates updated in real time

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Chancellor to hold talks with bank chiefs amid mortgage rate surge

The Chancellor is to meet with the UK’s banks and building societies amid turmoil in the mortgage sector sparked by the mini-budget market chaos. Kwasi Kwarteng will sit down with senior executives from high street lenders and the largest challenger ...

06 Oct 2022 at 09:33

Personal Finance

Average two-year fixed-rate mortgage hits 6% for first time since 2008

The average two-year fixed-rate mortgage on the market has breached 6% for the first time since 2008. The last time the average two-year fixed-rate home loan was 6% or more was in November 2008, when it was 6.31%, Moneyfacts.co.uk said. Across all ...

05 Oct 2022 at 15:44

Truss defends Government record amid concerns about rising interest rates

Liz Truss has said the Government will do “what we can” to support households over the coming months, amid growing concerns about the pressure rising interest rates will put on millions of people across the country. The Prime Minister insisted ...

04 Oct 2022 at 12:59

UK house price growth slows to 11-month low

UK house prices rose by 7.8% annually in June as growth slowed sharply in the face of pressure on households and rising interest rates, according to official figures. The Office for National Statistics (ONS) revealed that growth pulled back ...

17 Aug 2022 at 12:32

City

Persimmon reports strong housing demand despite revenue slump

Persimmon has hailed “strong demand” for its new homes despite posting a fall in revenues and profits for the past six months. The housebuilder provided a positive outlook for investors despite wider signals of a slowdown in housing demand ...

17 Aug 2022 at 13:23

Tory leadership tax cut promises ‘hard to square’ with UK’s future, experts warn

Promises of tax cuts made by the Conservative leadership candidates are looking increasingly implausible, experts have warned. The Institute for Fiscal Studies (IFS) said “permanent tax cuts” could exacerbate pressures on the public purse,...

18 Aug 2022 at 01:01

Jump in mortgage approvals in August is ‘calm before the storm’

The number of home-buyer mortgage approvals increased sharply in August, to the highest level since January, according to the Bank of England. But experts said the jump in loan approvals is likely to reflect people trying to lock into ...

30 Sept 2022 at 12:05

Bank ‘should hold emergency meeting’ amid the threat of a further pound plunge

The Bank of England should consider holding an emergency meeting and look to act “promptly and forcefully” on interest rates to head off the threat of a further run on the pound, its former deputy governor has warned. Sir Charlie ...

27 Sept 2022 at 15:40

City

Bellway delivers record housing revenues but cuts selling price outlook

Housebuilder Bellway has notched up record half-year housing revenues but cut its outlook for property selling prices over the year ahead. The Newcastle-based group said housing revenues rose 13% to more than £3.5 billion in the ...

09 Aug 2022 at 09:57

Government cuts student loan interest rates again amid rising inflation

Student loan interest rates in England and Wales will be slashed further to protect borrowers from rising inflation rates amid the soaring cost of living. Rates will be cut to 6.3% from September, the Department for Education ...

10 Aug 2022 at 01:01

National News

UK ‘in recession’ as Bank of England announces highest interest rates hike since 2008

The Bank of England has announced it will hike interest rates to their highest in more than 13 years and indicated it believes the economy is already in recession. The central bank had previously projected the economy would ...

22 Sept 2022 at 20:33

UK ‘in recession’ as Bank of England hikes interest rates to highest since 2008

22 Sept 2022 at 16:23

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