News
Why is UK inflation steady and how will the Iran war affect it?
4+ hour, 19+ min ago (994+ words) Inflation remained steady in February before the war in Iran sparked a jump in global energy prices. The Office for National Statistics (ONS) reported an annual rate of Consumer Prices Index (CPI) inflation of 3% for the month, the same as…...
Average two-year mortgage rates are now higher than typical five-year deals
8+ hour, 48+ min ago (914+ words) Rates on some short-term fixed-rate mortgages have now leapfrogged their longer-term counterparts amid pricing "turmoil, according to a financial information website. Financial information website Moneyfacts said the average rate on a two-year fixed homeowner mortgage on the market is now…...
Inflation expected to remain at 3% before Middle East conflict sparks jump
12+ hour, 49+ min ago (486+ words) Fresh figures are expected to show that UK inflation remained steady last month but households could face another "twist" to the cost-of-living story in the months ahead due to war in the Middle East, according to experts. The rate of…...
Gilt sell off deepens after worse than expected public finance data
5+ day, 2+ hour ago (624+ words) Government borrowing costs have hit their highest level since the 2008 financial crisis as worse-than-expected public finance data compounded a gilt sell-off on worries over soaring inflation and rising interest rates. Yields on 10-year UK government bonds, also known as gilts,…...
UK inflation steady pre-Iran war but cost-of-living ‘hump’ on horizon
4+ day, 23+ hour ago (471+ words) UK inflation is expected to have been broadly steady last month but experts warn of another "twist" to the cost-of-living story in the months ahead, as war in the Middle East is set to send energy bills soaring. The rate…...
UK economy flatlines unexpectedly in January
1+ week, 5+ day ago (591+ words) The UK economy unexpectedly stalled in January following meagre growth at the end of last year, official figures have shown, amid fears Britain is heading for a hit from the Iran conflict as prices are sent soaring. The Office for…...
Fuel prices expected to rise because of Iran conflict
3+ week, 2+ day ago (504+ words) Drivers are being warned to expect a rise in fuel prices because of the war in the Middle East. The AA said prices will "inevitably increase" while the RAC said the conflict has the "potential to push up pump prices…...