The Latest Breaking News from The Bank of England

The impact of higher mortgage costs is now biting hard. Three million UK households face the prospect of having to renew their mortgage within the next two years as their fixed-rate periods come to an end. While nearly two-thirds of all borrowers have already remortgaged at more expensive rates, a…

From renting to cost-of-living, here’s what it means

House price growth will ‘remain muted’ but property prices will remain generally unaffordable, Zoopla has said

Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year

Average monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or ultra-long loans

Without minimising the challenges faced by Starmer and Reeves, it is actually not a bad time to be arriving in office

LABOUR have been urged to heed a former chief economist of the Bank of England who warned that there was only a “lettuce leaf” between their…

As they always said would happen, the polls began to narrow. Keir Starmer came unstuck on questions around taxation. The Rwanda scheme was finally up and running by late May. The Bank of England cut interest rates in mid-June. Nigel Farage decided to stay out of the campaign. And the…

Bank of England maintains interest rate at 5.25% despite inflation hitting 2%, reflecting confidence in economic conditions.