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The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

UK Government needs to take decisive action as mortgage costs soar on rising interest rates

Jeremy Hunt has to get lenders to do all they can to support hard pressed customers

Birmingham Post

What can you do if you’re worried about paying your mortgage or rent?

Whether a mortgage deal is ending soon, or you’re concerned about keeping up with existing payments, options are available. By Vicky Shaw.

The Independent UK

Bank holidays and good weather help UK retail sales grow further in May

That’s well ahead of the 0.2% decline predicted by economists

Evening Standard

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

Jeremy Hunt to meet with lenders as mortgage crisis worsens with rates hike

The Chancellor will meet with banks including HSBC and Santander.

The Independent UK

'Inflation woes are not an accident, they are consequence of successive Tory governments'

The Bank of England has used the only weapon in its armoury to try to bring down inflation. But this is a crisis that has been incubated in Downing Street

Daily Mirror

Markets predict 6% UK interest rate by end of year

Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage point

The Guardian - UK

Labour would not back subsidising mortgage holders, Starmer says

Leader says there is no quick fix and there are problems with approach advocated by Lib Dems

The Guardian - UK

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Why the Bank of England's interest rate hikes aren't slowing inflation enough and what that means for mortgages

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

The Conversation

Will interest rates come down again?

The Bank of England has increased its base interest rate from 4.5% to 5% in a bid to tame inflation. It is the 13th hike in row and the highest the rate has been for 15 years.

The Week

The best fixed mortgage deals you can get right now according to MoneySavingExpert

Homeowners and first-time buyers are facing further uncertainty with rising rates and deals disappearing in just 30 minutes

Wales Online

Interest rates blame game erupts between Tories and Bank of England, as recession warnings grow

Bank governor Andrew Bailey fights for future – and blames company bosses for fuelling inflation with pay rises

The Independent UK

Bank of England delivers big rate hike

LONDON: The Bank of England (BoE) rattled markets by raising interest rates by half a percentage point — twice the amount expected — on Thursday, after it said there had been “significant” news suggesting British inflation would take longer to fall.

Bangkok Post

Mortgage brokers explain your options in 'really gloomy' interest rate climate with deals vanishing in 30 minutes

'You'd spend more time choosing a holiday than you would at the moment trying to decide if this deal is best for you'

Wales Online

Bank of England faces flak as economic history fails to repeat itself

Critics say Bank should pay less attention to economic models and more to what is happening on the ground

The Guardian - UK

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news in one place.

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Daily Record

Mortgage crisis set to escalate as Bank of England hikes interest rates to 5%

More than 1.4 million mortgage holders could lose at least a fifth of their disposable income in additional repayments.

Wales Online

Exactly what the interest rate hike means for you - and what you need to do

Some will see an immediate bill hike of almost £50, others will have to wait a while for it to take effect

The Independent UK

What does the Bank of England base rate hike mean for homeowners?

The Bank of England base rate now stands at 5% after a 0.5 percentage point hike on Thursday.

The Independent UK

Martin Lewis gives verdict on spiralling interest rates

‘One trick method causing huge pain’ to those with mortgages, Martin Lewis warns

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news in one place.

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Birmingham Post

Bank of England hikes interest rate to 5% to reach highest level in almost 15 years

The Bank's Monetary Policy Committee have voted to increase the base rate by 0.5% in a bid to bring inflation down

The Independent UK

Starmer says subsidy for mortgage holders not right approach to crisis

The Labour leader said ‘next month it’s going to feel a lot worse’ for homeowners.

The Independent UK

Bank of England raises interest rates to 5% amid mortgage crisis

Bank of England governor Andrew Bailey warns further rises likely if inflation remains high as critics accuse him of being ‘asleep at the wheel’ in bid to curb spiralling prices

The National (Scotland)

Bank of England pushes interest rates to highest levels in almost 15 years

THE Bank of England has unexpectedly pushed up interest rates to 5 per cent, the highest rate in almost 15 years, as policymakers and the UK…

Liverpool Echo

Bank of England interest rate rise to 5% and what it means for you and your mortgage

Mortgage rates have jumped up to more than 6% for new buyers

Wales Online

Unexpectedly high interest rate rise puts more pressure on mortgage holders

Rates are now at the highest level in almost 15 years

Insider UK

Bank of England raises interest rates to 5%

The Monetary Policy Committee votes in favour of raising rates for the the 13th time in a row

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