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

When it rains, it pours. Estate agent Savills predicts that the mainstream London housing market will suffer the most acute fall in prices out of all regions in 2023. That’s despite properties in the city enjoying the more modest end of price growth since the pandemic.

The TUC has called for a new economic plan.

Britain is heading for its longest recession in modern history with no recovery until summer 2024 the Bank of England warned on Thursday.

Since December last year, the average monthly tracker mortgage payment has increased by around £3,410 per year, according to UK Finance figures.

The Bank of England issued a gloomy warning about the future of the British economy as it hiked interest rates to 3%, the biggest single rate rise in three decades

Central bank felt the need to massage down interest rate expectations amid fears over impact on UK economy

Bank hikes rates for eighth consecutive time putting futher squeeze on cost of living crisis

Sterling drops 1.4% against US dollar after decision-makers warn of longest recession on record

Recession could last well into 2024, says central bank as interest rates hiked

Homeowners are set to face the biggest single shock on their mortgage bills since the 1980s as the Bank of England hiked interest rates for the eighth time in a row. The Bank’s base rate will rise to 3% from 2.25%, its highest for 14 years

Biggest interest rate hike in decades hits homeowners as Bank of England warns of longest recession on record