News
Nationwide warns borrowers 'rates are climbing' - here’s how much you could pay
2+ hour, 23+ min ago (630+ words) Nationwide is increasing fixed mortgage rates by up to 0.25%, joining HSBC and Coventry Building Society. Rising global tensions in the Middle East are driving swap rates higher, hitting borrowers" wallets - and more lenders could follow. From Friday March 6, selected fixed…...
Hampshire Chamber chair brands spring statement a 'missed opportunity"
2+ day, 17+ hour ago (175+ words) The spring statement has been branded a missed opportunity to boost business confidence. Hampshire Chamber of Commerce's chief executive and executive chairman Ross McNally said the Chancellor Rachel Reeves" spring statement, delivered on March 3, fell short of delivering meaningful measures…...
UK borrowing higher than forecast in June as debt interest costs soar
7+ mon, 2+ week ago (638+ words) Chancellor Rachel Reeves is facing further pressure over the UK's public finances after official figures showed higher-than-expected government borrowing last month due to soaring debt interest payments. The Office for National Statistics (ONS) said June borrowing rose to "20.7 billion last…...
Russia ‘on brink of recession’, says economy minister
8+ mon, 2+ week ago (346+ words) Russia's economy is "on the brink of going into a recession, the country's economy minister has said, according to reports. Economy minister Maxim Reshetnikov delivered the warning at the St Petersburg International Economic Forum, the annual event in Russia's second…...
Tax rises ‘feel inevitable’ after jump in Government borrowing
9+ mon, 2+ week ago (678+ words) Tax increases from the Chancellor later this year "feel inevitable, economists have said after UK Government borrowing jumped last month. The Office for National Statistics (ONS) said public sector net borrowing rose to "20.2 billion, its fourth-highest April figure on record,…...
US tariffs threaten to derail UK economic growth, EY warns
10+ mon, 1+ week ago (463+ words) UK economic growth could slow sharply over the next two years as US tariffs weigh heavy on spending and investment, and uncertainty washes over households and businesses, new forecasts show. Recovery from a period of stagnant growth will be directly…...
UK inflation slowed in March following drop in petrol prices
10+ mon, 3+ week ago (670+ words) UK inflation slowed down for the second month in a row in March on the back of falling petrol prices, according to the Office for National Statistics (ONS). The rate of Consumer Prices Index (CPI) inflation eased to 2.6% for the…...
UK economy grows by 0.5 in surprise boost
10+ mon, 3+ week ago (288+ words) New figures show Britain's economy grew faster than expected in February, as the services and manufacturing sectors picked up after recent slow activity. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.5%, surprising economists who had…...
US tariffs on world-wide scale could create recessionary trends, Taoiseach says
11+ mon, 3+ day ago (1613+ words) The imposition of US tariffs on a world-wide scale and at a high level could create recessionary trends across the globe, the Irish premier has warned. Micheal Martin said he is concerned about the impact on investments and jobs in…...