Will soaring mortgage costs push the UK into recession?
Posted on 18th Jun 2023
There is unexploded ordnance in the UK economy, and there are fears that it will start to ignite.
News
Finance
Mortgages to go up by average of £2,900 a year for 800,000, says Resolution Foundation
Posted on 17th Jun 2023
Rising rates means those looking to remortgage will pay £2,900 a year more in 2024, a think tank says.
Mortgages: What happens if I am really struggling?
Posted on 16th Jun 2023
Homeowners are worried about higher mortgage costs, but lenders must help those struggling.
Average two-year mortgage rate close to 6%
Posted on 16th Jun 2023
Lenders have been increasing the cost of new fixed-rate deals rapidly during a tumultuous week.
Amazon cleared to buy iRobot vacuum cleaner maker
Posted on 16th Jun 2023
The UK competition watchdog says the online giant can buy iRobot, the maker of Roomba cleaners.
Nationwide latest lender to raise mortgage rates again
Posted on 16th Jun 2023
One broker describes the current situation as a vicious circle as the mortgage maelstrom continues.
Odey firm to be broken up after harassment claims against its founder
Posted on 15th Jun 2023
The hedge fund will be dismantled after allegations emerged about its founder Crispin Odey.
US holds interest rates steady in first since 2022
Posted on 15th Jun 2023
But the Federal Reserve also said it expected to push rates higher before the end of the year.
UK has no alternative to Bank interest rate rises to calm inflation - Hunt
Posted on 15th Jun 2023
Chancellor says he "unstintingly" supports the Bank of England to "do what it takes" to cut inflation.
What is the UK inflation rate and why is the cost of living rising?
Posted on 14th Jun 2023
The rate at which prices are rising remains high, driven by soaring food prices.
Pay rise surprise leads to forecasts of higher interest rates
Posted on 13th Jun 2023
Wages rise at their fastest rate in 20 years, excluding the pandemic, but still lag behind the cost of living.
US inflation at lowest since 2021 as fuel prices fall
Posted on 13th Jun 2023
Falling prices for eggs, petrol and furniture helped to cut inflation in the US to 4% in May.
Sainsbury's and Asda told not to block rival stores
Posted on 13th Jun 2023
The supermarkets are accused of stopping rivals opening nearby, potentially reducing consumer choice.
Mortgages: New squeeze on landlords will hit renters too
Posted on 13th Jun 2023
High mortgage costs mean landlords face a "turning point", a firm warns, leading to fewer homes to rent.
Will soaring mortgage costs push the UK into recession?
Posted on 18th Jun 2023
There is unexploded ordnance in the UK economy, and there are fears that it will start to ignite.
Mortgages to go up by average of £2,900 a year for 800,000, says Resolution Foundation
Posted on 17th Jun 2023
Rising rates means those looking to remortgage will pay £2,900 a year more in 2024, a think tank says.
Mortgages: What happens if I am really struggling?
Posted on 16th Jun 2023
Homeowners are worried about higher mortgage costs, but lenders must help those struggling.
Average two-year mortgage rate close to 6%
Posted on 16th Jun 2023
Lenders have been increasing the cost of new fixed-rate deals rapidly during a tumultuous week.
Amazon cleared to buy iRobot vacuum cleaner maker
Posted on 16th Jun 2023
The UK competition watchdog says the online giant can buy iRobot, the maker of Roomba cleaners.
Nationwide latest lender to raise mortgage rates again
Posted on 16th Jun 2023
One broker describes the current situation as a vicious circle as the mortgage maelstrom continues.
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