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The Latest Breaking News from Bank of England

Mortgage mayhem: NatWest increases rates as Santander temporarily pulls some deals – as it happened

Bank of England policymaker Jonathan Haskel says interest rates may need to rise higher, as mortgage providers raise rates or withdraw deals

The Guardian - UK

Mortgage turbulence continues as HSBC pulls deals; UK house prices ‘to fall 10%’ – business live

HSBC temporarily removes mortgage products for new customers, as borrowers face higher rates

The Guardian - UK

Bank of England: When will UK interest rates go down?

Martin Lewis has shared his verdict as the base rate is expected to rise

Liverpool Echo

From analysis to the latest developments in health,
read the most diverse news in one place.

UK’s biggest banks urged to increase ‘measly’ savings rates

MPs question why some savers are receiving only 0.25% despite 12 consecutive Bank of England interest rate rises

The Guardian - UK

What could another base rate rise mean for some homeowners across England?

TotallyMoney looked at what a base rate hike could mean for mortgage payers if the Bank of England decided to raise the base rate from 4.50% to 4.75%.

The Independent UK

Average two-year fixed-rate mortgage increases by £35 a month in weeks

It comes as a Bank of England interest rate review takes place later this month

Manchester Evening News

Banks set out plans to hike savings rates next week

Savers languishing on poor savings rates have been urged to ditch and switch to find a better deal.

The Independent UK

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Why UK inflation is so high compared to EU and US and what to do about it

Britain has a bigger inflation problem than either the US or the eurozone, according to Bank of England policymaker Catherine Mann.

The Conversation

£9bn boost for Isa savings in April as new tax year started

Higher savings rates and frozen tax thresholds mean protecting savings from tax is a top priority, one expert said.

The Independent UK

Housing market headwinds set to strengthen in near term, says Nationwide

Across the UK, house prices fell by 0.1% month on month and by 3.4% annually in May, Nationwide Building Society said.

The Independent UK

Martin Lewis' Money Saving Expert advises if you should fix your mortgage deal as 1.4million deals end

The most recent MSE newsletter claims that 1.4million mortgage deals will come to a close this year - leaving many homeowners to consider how a new interest rate hike could affect monthly repayments.

Chronicle Live

Six per cent interest rate warning in ‘bumpy’ battle to halve inflation this year

‘We are going to stay the course and get inflation down,’ Work and Pensions Secretary Mel Stride said

Evening Standard

Martin Lewis' MSE website explains if you should fix your mortgage deal now

The recent Money Saving Expert (MSE) newsletter reported that 1.4million mortgage deals are coming to an end this year, so many will need to think about how the next interest rate rise could affect their mortgage payments

Daily Mirror

The first 110-inch 16K TV screen is here to make your projector feel inadequate

Chinese display maker BOE has unveiled a truly massive 110-inch 16K TV panel, putting even 8K TVs and projectors to shame.

TechRadar

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news in one place.

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The Guardian - UK

UK banks shortchanging savers with ‘measly’ rates, says Which?

Some instant access accounts as low as 0.1% despite Bank of England’s 4.5% base interest rate

The Independent UK

Savers should ditch and switch if they are not satisfied with rates – Which?

The consumer group said become even more important to get better returns on savings accounts amid the living costs squeeze.

Belfast Live

DWP major changes planned for June as well as driving laws and energy prices

A number of new rules will start in the coming month

Manchester Evening News

Seven money changes coming in June and how they'll impact your bank account

The Bank of England will make an interest rate announcement and the latest inflation rate will be released

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news in one place.

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The Guardian - UK

Is it worth playing the waiting game in the hope of a better mortgage deal?

As costs rose yet again last week, with a warning to expect 5%-plus fixed rates, we look at the options for homebuyers

The Guardian - UK

Hunt will back more interest rate rises even if they push UK to recession

Chancellor will back Bank of England’s decisions because ‘inflation is a source of instability’

The Guardian - UK

Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – as it happened

Chancellor says “only path to sustainable growth” is to bring down high prices behind cost of living crisis, as mortgage rates climb

Evening Standard

Nationwide hikes mortgage rates by up to 0.45% as inflation shocks markets

The move follows Wednesday’s inflation data which has raised bets on further Bank of England interest rate rises this year

TechRadar

16K displays are already here to bring future Nvidia and AMD GPUs to their knees

Chinese display giant has a 110-inch prototype monitor on show as market waits for more 8K screens.

Glasgow Live

Fixed rate vs variable rate mortgages - Glasgow Live's columnist breaks down the pros and cons

Your mortgage is generally taken out over a long period of time, and your interest rate, mortgage deal, and possibly lender, has the potential to change multiple times over the term of your mortgage.

Tom’s Guide

If this is the world’s first 16K TV, I don’t want it

Chinese TV manufacturer BOE just debuted a 110-inch 16K display. The only problem? Its specs are trash.

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