UK Borrowing Surges as Higher Inflation and Debt Costs Add Pressure
UK public sector borrowing rose to £18.3bn in August, exceeding expectations as inflation and debt-interest costs increased. The figures add to the wider economic pressures facing…
UK Inflation Rises to 3.1% as Fuel Costs Add Pressure for Households
UK inflation accelerated to 3.1% in August, with higher petrol, diesel and airfares pushing up the annual rate. The rise adds to household cost pressures and…
Bank Rate Held at 3.75% as Bank Warns Energy Costs Could Trigger Rise
The Bank of England has kept Bank Rate at 3.75% for a sixth meeting, but its warning about persistent energy costs and a split MPC vote…
Rising Energy Costs Could Complicate the Outlook for Mortgage Rates
Fresh concern about oil and winter energy prices has added another uncertainty for inflation, Bank Rate expectations and household mortgage affordability.
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Bank of England Mortgage Update: What It Means for Borrowers
The quick answer The latest update from the Bank of England suggests interest rates remain under close review, with inflation easing but still above…