interest rates
Bank of England’s interest rate decision on a knife-edge, economists say
Economists are split over whether the Bank’s policymakers will decide it is the right time to reduce rates on Thursday.
Lloyds earnings dip as boost from borrowing costs slows
The banking group said it made a pre-tax profit of £3.3 billion in the first six months of the year.
Mortgage rate rises pushed 320,000 more people into poverty – report
Borrowers remortgaging in 2022 were more likely to fall into arrears on bills than those with mortgages who had not remortgaged, the report found.
Buy-to-let mortgage market has shrunk ‘amid challenges for landlords’
Strong rental demand and lending standards could mean the buy-to-let sector emerges from the downturn sooner than expected, UK Finance said.
Danske Bank records pre-tax profit of £103m for first half of 2024
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Why has inflation stayed the same and what is the ‘Taylor Swift effect’?
Some economists have suggested that the ‘Taylor Swift effect’ prompted hotels and restaurants to raise their prices by more than usual in June.
UK inflation stays at 2% despite surge in hotel prices
The rate of Consumer Prices Index inflation remained unchanged at 2% in June, the Office for National Statistics said.
Inflation held at 2% in June, but hotel prices soared by 8.8% - ONS
The rate of Consumer Prices Index inflation was at 2% for the second month in a row last month, the Office for National Statistics said.
Fight against price rises sees UK inflation hold steady in June
The rate of Consumer Prices Index inflation was at 2% for the second month in a row last month, the Office for National Statistics said.
UK inflation to fall below target for first time in three years, economists say
New data released from the Office for National Statistics on Wednesday will reveal how fast prices were rising across the UK last month.