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The Latest Breaking News from Interest Rates

Rishi Sunak told he's 'given up' as PM as he struggles to explain Tory housing plans

In a fraught PMQs, Keir Starmer claimed the PM's body language and answers showed he had 'given up' and asked how many will lose their homes as interest rates soar before the Government helps them

Daily Mirror

The mortgage crunch: what happens if you fall behind on your home loan?

Lenders have agreed to be more flexible towards struggling mortgage borrowers amid concerns about rising interest rates.

The Week

Banks have ‘questions to answer over interest rate rises for savers’

The Bank last week raised interest rates from 4.5% to 5%, triggering fresh misery for struggling mortgage holders.

The Independent UK

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UK facing a YEAR-LONG recession if interest rates are increased again, experts warn

Economists at Bloomberg are expecting a 'shallow' recession as the Bank of England puts up interest rates - but the experts believe this will likely by over by next year's election

Daily Mirror

Corporate profits drove up prices last year, says ECB president

Christine Lagarde says without a shift in corporate behaviour, interest rates will need to stay higher for longer

The Guardian - UK

Europe's interest rates to stay high as long as needed to defeat inflation, central bank chief says

European Central Bank President Christine Lagarde is warning that inflation is holding its grip on the economy

The Independent UK

Four Ways Parents Can Help Kids Be First-Time Home Buyers

High real estate prices and interest rates are making buying a first home more challenging than ever, but parents can make loans, give gifts and be co-signers.

Kiplinger

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The Best Banks of 2024

Kiplinger's list of the best banks, based on interest rates, fees and other features.

Kiplinger

Here’s how we can stop Britain’s inflation nightmare

Letters: Readers offer solutions to rising interest rates and mortgage costs

The Guardian - UK

Overcoming the major barriers to business & IT modernization

Unstable inflation and rising interest rates have led organizations to drive efficiencies where possible.

TechRadar

Martin Lewis says banks are 'profiteering' after being bailed out in 2007

It comes as interest rates hiked to 5 percent last week

Manchester Evening News

Damning figures show how much higher UK mortgage payments are than in Europe

Labour has hit out at the "Tory mortgage penalty" and lashed out at the Government for failing to provide support for families struggling to keep their homes

Daily Mirror

‘How are people meant to live? My mortgage has gone up by £500 a month'

Leanne, 33, is one of many homeowners who have been forced to fork out more for their mortgage after interest rates hiked

Manchester Evening News

Young adults pay heaviest price for Britain’s exploding mortgage timebomb

Rising interest rates expose widening generational gulf, with millennials facing heavy increases in monthly payments

The Guardian - UK

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Manchester Evening News

Rishi Sunak warns there's 'no alternative' to tackling inflation as he defends interest rates hike

One opposition leader labelled his comments 'patronising'

Daily Mirror

Backlash as 'out-of-touch' Rishi Sunak tells struggling families UK must 'hold our nerve'

The Prime Minister claimed there was 'no alternative' but to hike interest rates in order to tackle inflation, but he was branded 'out-of-touch' and 'not up to the job' after an awkward TV interview

Daily Mirror

Mortgage experts explain everything you NEED to know about the mortgage crisis

Consumer rights expert Martyn James is joined by TV mortgage and property experts Jane King and Jonathan Rolande to answer all the questions you may have about the current "mortgage crisis"

Nottingham Post

Concern 'it will get worse' for Nottinghamshire homeowners caught in mortgage rate 'struggle'

The Bank of England on Thursday, June 22 hiked interest rates to 5 per cent, further straining the finances of millions of homeowners across the country

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The Guardian - US

Buying a home in the US is expensive – and that isn’t changing anytime soon

Even if there are fewer home buyers and prices have been falling slightly, they’re still much higher than pre-pandemic and for many, more unaffordable than ever

Daily Record

Martin Lewis calls it ‘absolutely outrageous’ that savings rates lag behind those now charged to borrowers

The Bank of England unexpectedly pushed up interest rates to 5% last week.

The Guardian - UK

Mortgages: how to cope as UK interest rates hit the roof

Options for homeowners and first-time buyers as they face maelstrom in market

Bangkok Post

Headwinds in the third quarter

In the third quarter, we believe the global economy will face three risk factors: economic slowdown, with inflation and interest rates remaining high; risks from tighter financial liquidity; and slower economic growth in China and emerging markets.

The Independent UK

Jeremy Hunt’s mortgages deal dismissed as ‘sticking plaster’ as Sunak urged to offer subsidies

Government told to offer direct support to homeowners – as chancellor’s agreement with banks dismissed as a ‘water pistol to put out a fire’

The Guardian - UK

Why are UK banks taking so long to pass higher interest rates on to savers?

Delay is under intense scrutiny from City watchdog – but it may not be simple profiteering

The National (Scotland)

Worst of Westminster: Labour Lords U-turn and interest rates hike

Good evening and welcome to the latest edition of The Worst of Westminster! The week kicked off with MPs voting overwhelmingly to approve the…

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