Bank of England raises UK interest rates by quarter-point to 4.25%
Monetary policy committee votes to increase base rate after February’s surprise rise in inflation Business live – latest updates Analysis: Is this the end of interest rate rises? What the interest rate rise means for you The Bank of England has raised interest rates by a quarter of a percentage point to 4.25% in response […]
UK interest rate rise: what it means for you
How the new base rate of 4.25% might affect mortgages, house prices and credit cards Business live – latest updates Analysis: Is this the end of interest rate rises? Bank of England raises interest rates to 4.25% The Bank of England has yet again raised interest rates, this time by 0.25 percentage points, taking the […]
Why does the UK have highest inflation in G7 and is Brexit a factor?
Britain appears to be an international outlier after the shock reading in double digits this week Live coverage: Inflation jumps as cost of living crisis intensifies UK inflation rate in surprise rise to 10.4% Inflation calculator: find out how much price rises affect you Britain has the highest inflation rate in the G7, as the […]
Jeremy Hunt’s ‘stealth’ income tax rise: here’s how it will affect you
Millions of people in England, Wales and Northern Ireland face paying basic or higher-rate tax for first time. We look at how much it will cost and what you can do The government’s decision to freeze income tax thresholds means nearly 3 million low- and middle-income people in England, Wales and Northern Ireland will have […]
Homes for sale in former pubs – in pictures
From a rags-to-riches brick workers’ alehouse to a pub that could once have served thirsty rope makers Continue reading…
Budget: UK on track for ‘disastrous decade’ of income stagnation
Thinktank says taxes as share of GDP are on course to reach 70-year high but public services are being cut Budget 2023: key points at a glance The UK remains on track for a “disastrous decade” of stagnant incomes and high taxes, despite cuts to public services, the Resolution Foundation has said in its analysis […]
UK house prices could be stabilising despite falls, say surveyors
Rics data for February shows improvement in new buyer inquiries and sales The UK housing market remains in decline but there are some signs of stabilisation, with an improvement in new buyer inquiries and sales last month, according to surveyors. Many told the Royal Institution of Chartered Surveyors (Rics) that a return of optimism, and […]
UK house prices rise as mortgage rate cuts lift confidence
Average monthly increase of 1.1% to £285,476 in February, after falls in previous two months, says Halifax UK house prices picked up in February from the previous month as recent reductions in mortgage rates helped to stabilise the market, according to the lender Halifax. The average house price rose 1.1% to £285,476 last month compared […]
UK shoppers slash spending as price rises and energy bills bite
February figures from BRC highlight impact of cost of living crisis on British economy before budget UK consumers sharply cut back their spending in February as soaring living costs damaged household finances, retailers have warned, despite strong sales of jewellery and fragrances for Valentine’s Day. Highlighting the impact of the cost of living crisis on […]
Want to properly plug the UK’s north-south divide? Look to Germany | Larry Elliott
Boosting spending power, increasing public funding for science and tech skills, R&D and infrastructure could work Britain has been struggling to find a solution to its north-south divide since the staple industries of the Industrial Revolution – textiles and coal – started to decline in the early 20th century. It is not a unique problem. […]