News
UK lenders hold mortgage rates as nearly 1 million borrowers brace for payment rises
2+ hour, 12+ min ago (1816+ words) Major lenders left mortgage rates unchanged this week as close to one million five-year fixed mortgages are expected to come up for renewal in 2026, exposing many homeowners who had locked in ultra low borrowing costs to the risk of sharply…...
UK savers lost almost £7bn to inflation while they slept in 2025
2+ day, 23+ hour ago (504+ words) UK savers lost almost "7bn in purchasing power to inflation in 2025 while they slept, as price pressures proved stronger than expected and interest rates on cash failed to keep pace, according to analysis from Fidelity International. Inflation rose to 3.4% in December…...
Eight mortgage predictions for 2026
1+ week, 3+ day ago (1043+ words) Last year was all about mortgage rates coming down, with four Bank of England cuts, taking the base rate from 4.75% at the beginning of the year, to 3.75% by December. For the most part, mortgage lenders responded by reducing their rates…...
UK government borrowing falls but still exceeds expectations
1+ mon, 1+ week ago (531+ words) UK government borrowing fell to "11.7bn in November but still came in higher than expected in the same month that chancellor Rachel Reeves delivered the autumn budget. The figure was "1.9bn less than in the same month a year ago, according to…...
UK inflation falls more than expected to 3.2% in November as food prices ease
1+ mon, 1+ week ago (665+ words) UK inflation fell by more than economists had expected in November to 3.2%, down from 3.6% in October, strengthening expectations that the Bank of England will cut interest rates at its meeting on Thursday. Consumer price inflation declined more sharply than forecast,…...
Budget keeps the door open for Bank of England interest rate cut in December
2+ mon, 2+ day ago (421+ words) Expectations have risen that the Bank of England (BoE) will cut interest rates in December, on the back of the autumn budget. Markets are now pricing in a 90% chance that the BoE will lower rates by 0.25% next month, up from…...
Can Rachel Reeves' budget boost small business lending?
2+ mon, 1+ week ago (620+ words) As Britain prepares for the Labour government's autumn budget on 26 November, attention is turning to one of the UK economy's most vital engines: small and medium-sized enterprises (SMEs). Accounting for 99% of businesses, over half of all private sector employment, and…...
Eurozone inflation eases to 2.1% in October after ECB keeps rates on hold
2+ mon, 4+ week ago (438+ words) Eurozone inflation eased back in October, with growth coming in at 2.1% from 2.2% the month before, according to an early estimate on Friday. Eurostat's first estimate for the consumer prices index (CPI) for the bloc showed that food, alcohol and tobacco…...
Four mortgage lenders cut rates in mini price war
2+ mon, 4+ week ago (1527+ words) Four major UK lenders have announced cuts to the interest rates on select mortgage products in the lead-up to the autumn budget, The move comes as high street banks intensify efforts to attract business from cautious buyers in a sluggish…...
Shop price inflation slows despite soaring cost of fresh food
3+ mon, 18+ hour ago (368+ words) Shop price inflation slowed in October despite fresh food now costing 4.3% more than it did a year ago, latest industry figures show. Overall shop prices were 1% higher than a year ago this month, down from 1.4% in September, according to the…...