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 · Jun 25, 2023

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 · Jun 25, 2023

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 · Jun 25, 2023

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 · Jun 24, 2023

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 · Jun 23, 2023

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 · Jun 23, 2023

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 · Jun 23, 2023

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) · Jun 23, 2023

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 · Jun 23, 2023

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 · Jun 23, 2023