All news on the topic: Interest rates
475
Markets on edge as Starmer quits and leadership race sparks fresh UK economic uncertainty
Investors and business leaders are again navigating the kind of uncertainty that has dominated British politics since the Brexit vote a decade ago, after Prime Minister Keir Starmer resigned on Monday and threw open a leadership contest that will centre on any successor’s plans for the economy.
680
UK economy on brink as Iran blocks Strait of Hormuz and energy prices surge
Two reports from top accounting firms suggest the economy is on the brink as gas and oil prices surge following Tehran’s blockade on the Strait of Hormuz.
537
Leonard Green set to acquire Cumming Group in major $3bn buyout
Leonard Green and Partners is close to finalizing a deal to purchase a $3 billion construction project consultancy firm from New Mountain Capital.
682
Trump pushes back on inflation concerns, accuses media of bias
Trump downplays economic woes as partisan spin, saying, ’Costs are way down’
787
UK inflation climbs to 3.8% in July, raising fears over delayed rate cuts
Inflation increased once more last month, reaching a higher than anticipated 3.8%, due to rising food and fuel prices, heightening concerns that the Bank of England will postpone further interest rate cuts.
751
Major banks announce consecutive interest rate hikes, warning they’re “not small”
A string of big lenders have announced interest rate hikes one after the other - as the mortgage market takes a turn for the worse.
656
UK inflation drops below 2% for the first time in three and a half years
Bigger than forecast annual drop to 1.7% in September puts pressure on Bank of England to cut interest rates
670
Bank of England warned to be wary of public sector pay deals
The Bank of England should be on the guard against the potential inflationary impact of Labour’s inflation-busting public sector pay deals, according to economists.
776
Bank of England braced for knife-edge interest rate decision
Markets predict quarter-point cut to 5% when policymakers meet on Thursday
1373
Next set to deliver bumper profits despite the squeeze on consumer spending
The company has already upgraded its profit outlook five times over the past year as it has outperformed rivals amid a challenging economic backdrop
1464
Bank of England expected to leave interest rates unchanged, says top economist
The Bank of England's Monetary Policy Committee will meet during the week to see if the economy is showing signs that it's time to start cutting rates
1052
Coventry Building Society savings account pays 6.75%, but only if you're 'loyal'
The account lasts for 12 months and savers can deposit up to £250 each month
672
Berkeley Group on track to report £550m pre-tax profit despite house sale fall
The group, which specialises in urban regeneration projects and higher-end homes, told investors that it is on track to report a pre-tax profit of £550m
1042
Vistry to build more than 17,500 homes as it expects rise in demand to continue
The business said that it would accelerate the rate at which it was building from 16,118 homes completed last year
896
Savills profits tumble as 'extremely subdued' global property market takes toll
The estate agency said it had been hit by the lowest levels of sales volumes in real estate markets for a decade, as well as restructuring costs
1055
Martin Lewis urges everyone born in certain years to put £1 in bank account
Martin Lewis has issued a warning to anyone born in certain years to put £1 in a bank account as soon as possible - and it's all to do with buying a house and getting on the property ladder
992
More choice for buyers as 'solid rise' in sellers putting homes on the market
There has been an increase in sellers putting their homes on the market in February, with the strongest upswing recorded since autumn 2020, according to surveyors
1097
The Gym Group pumps up its presence with plans for 50 new locations
The low-cost gym operator said it was well placed to benefit from the challenging economic backdrop
629
Households freed from contracts that doubled ground rent every 10 to 15 years
Over 500 households will be freed from "problematic" leaseholds and will have their ground rent returned to the original amount when they first bought their homes
1010
Morrisons reports £1 billion loss as supermarket chain counts cost of debt
The retailer, which was bought for £7 billion by US private equity firm Clayton, Dubilier & Rice in 2021, reported the heavy loss for the year in freshly filed Companies House accounts
921
One in five shop staff has suffered a violent attack, reports retail union Usdaw
A survey of more than 5,500 shop staff showed that almost one in five suffered a violent attack last year, compared with 8% in 2022.
1311
Persimmon profits slump to £351m as housebuilder warns of a tough year ahead
The Charles Church builder saw pre-tax profits fall to £351.8 million in 2023 from £730.7 million the previous year
767
Paying off debt, holidays and doing up home are top reasons to save - Nationwide
Half of people are saving less each month than they did before the cost-of-living crisis, the research found
710
Food labelling to be made clearer to help shoppers buy 'high quality' produce
The plans will also help consumers make buying decisions that 'align with their values'
1404
Huge London affordable home shake-up will save taxpayers billions, report finds
The New Economics Foundation (NEF) found that Sadiq Khan's plan to let councils buy homes and turn them into affordable housing could save taxpayers a massive £2.2billion
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