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The Latest Breaking News from Interest Rates

Young adults pay heaviest price for Britain’s exploding mortgage timebomb

Rising interest rates expose widening generational gulf, with millennials facing heavy increases in monthly payments

The Guardian - UK

Rishi Sunak warns there's 'no alternative' to tackling inflation as he defends interest rates hike

One opposition leader labelled his comments 'patronising'

Manchester Evening News

Backlash as 'out-of-touch' Rishi Sunak tells struggling families UK must 'hold our nerve'

The Prime Minister claimed there was 'no alternative' but to hike interest rates in order to tackle inflation, but he was branded 'out-of-touch' and 'not up to the job' after an awkward TV interview

Daily Mirror

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Mortgage experts explain everything you NEED to know about the mortgage crisis

Consumer rights expert Martyn James is joined by TV mortgage and property experts Jane King and Jonathan Rolande to answer all the questions you may have about the current "mortgage crisis"

Daily Mirror

Concern 'it will get worse' for Nottinghamshire homeowners caught in mortgage rate 'struggle'

The Bank of England on Thursday, June 22 hiked interest rates to 5 per cent, further straining the finances of millions of homeowners across the country

Nottingham Post

Buying a home in the US is expensive – and that isn’t changing anytime soon

Even if there are fewer home buyers and prices have been falling slightly, they’re still much higher than pre-pandemic and for many, more unaffordable than ever

The Guardian - US

Martin Lewis calls it ‘absolutely outrageous’ that savings rates lag behind those now charged to borrowers

The Bank of England unexpectedly pushed up interest rates to 5% last week.

Daily Record

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Mortgages: how to cope as UK interest rates hit the roof

Options for homeowners and first-time buyers as they face maelstrom in market

The Guardian - UK

Headwinds in the third quarter

In the third quarter, we believe the global economy will face three risk factors: economic slowdown, with inflation and interest rates remaining high; risks from tighter financial liquidity; and slower economic growth in China and emerging markets.

Bangkok Post

Jeremy Hunt’s mortgages deal dismissed as ‘sticking plaster’ as Sunak urged to offer subsidies

Government told to offer direct support to homeowners – as chancellor’s agreement with banks dismissed as a ‘water pistol to put out a fire’

The Independent UK

Why are UK banks taking so long to pass higher interest rates on to savers?

Delay is under intense scrutiny from City watchdog – but it may not be simple profiteering

The Guardian - UK

Worst of Westminster: Labour Lords U-turn and interest rates hike

Good evening and welcome to the latest edition of The Worst of Westminster! The week kicked off with MPs voting overwhelmingly to approve the…

The National (Scotland)

House prices are falling, but that doesn't mean you should buy now – here's what first-time buyers should consider

House prices in the UK fell by 3.4% in the last year, the biggest annual fall in nearly 14 years. The inflation-adjusted average house price is now what it was in 2014.

The Conversation

How to make the most of high interest rates

Soaring interest rates are bad news for borrowers but there may be silver linings for some people.

The Week

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The National (Scotland)

Jeremy Hunt agrees mortgage support measures with banks

Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates but has resisted…

The Independent UK

The whole thing is a scam, says variable rate mortgage holder on interest hike

The Bank of England hiked the base interest rate for the 13th time in a row on Thursday in a move set to cause more pain for mortgage holders.

Daily Mirror

Jeremy Hunt announces bank measures for mortgage holders - but no Government help

It comes after the Bank of England hiked interest rates to 5% - piling mortgage misery on cash-strapped families

The Week

Quiz of The Week: 17 - 23 June

UK borrowers got further bad news this week as the Bank of England hiked interest rates from 4.5% to 5%.

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news in one place.

100’s of premium titles.
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Evening Standard

Inflation won’t disappear on its own. The Bank of England will need to plunge us into recession

City voices: Without economic pain, nothing changes

Nottingham Post

Martin Lewis hits out at 'outrageous' bank behaviour after he meets Chancellor

The Money Saving Expert says mortgage holders are being deliberately targeted and savers disadvantged

Birmingham Post

UK Government needs to take decisive action as mortgage costs soar on rising interest rates

Jeremy Hunt has to get lenders to do all they can to support hard pressed customers

The Independent UK

Stock market today: Asian shares sink as central banks crank interest rates still higher

Asian shares have fallen sharply after several central banks around the world cranked interest rates higher in their fight against inflation

Evening Standard

Banks slammed for dragging their feet in passing on interest rate rises to loyal savers

Britain’s banks were slammed on Friday for failing to quickly hike saving rates after the Bank of England increases interest rates.

Businessweek

The ‘Extend and Pretend’ Real Estate Strategy Is Running Out of Time

Higher interest rates and soaring vacancies have brought the commercial property industry to the brink.

The Independent UK

Mortgages - live: Hunt unveils new help for homeowners after crunch meeting with banks

Lenders agree borrowers will have more flexibility without credit score being affected, chancellor says

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