Will Rishi Sunak meet his December deadline to halve UK inflation? As Bank raises interest rates again and big business greedflation pushes prices higher, the PM’s vow is a gamble The Guardian - UK · Jun 21, 2023
Martin Lewis warns mortgage ‘ticking time bomb’ is now exploding with no rescue package on the way The consumer champion is keen to see ‘soft or hard political pressure’ put on banks to make things better for mortgage holders. Daily Record · Jun 21, 2023
What does a change in inflation mean for your family? Inflation is hitting the news again, but what does the latest change mean for your family and your money GoodToKnow · Jun 21, 2023
There’s only one way to tackle Britain’s mortgage meltdown – get the banks to cough up The big five owe the public for the 2008 bailout – and they are taking in enormous profits while many homeowners and renters struggle, says former chancellor John McDonnell The Guardian - UK · Jun 21, 2023
How much your mortgage will rise by if Bank of England hikes interest rates today Some analysts expect the base rate to rise by 0.25 percentage points to 4.75% with others predicting an even bigger increase to 5% - so how much would your mortgage rise by? Daily Mirror · Jun 21, 2023
Inflation for May remains high at 8.7% putting more pressure on household finances this summer Economy experts had expected inflation to fall last month to 8.4%. Daily Record · Jun 21, 2023
Inflation unchanged in May, heaping further pressure on households he pressure on households from the rising cost of living did not ease last month, new figures have revealed, as inflation remained higher than… The National (Scotland) · Jun 21, 2023
Inflation news – live: Fears of ‘shock-and-awe’ Bank of England hike as mortgage rates climb Markets brace for Bank of England rate hike of 0.5 per cent, as cost of government borrowing also hits new 15-year high The Independent UK · Jun 21, 2023
Bank poised to hike interest rates as inflation remains unchanged at 8.7% OONS figures show stabilising energy prices were offset by rises in cost of air fares, holidays and secondhand cars The Guardian - UK · Jun 21, 2023
Wednesday briefing: How to solve the UK’s mortgage mess, as interest rates rise again In today’s newsletter: Rising inflation and interest rates mean real pain for homeowners – with few signs of relief on the way The Guardian - UK · Jun 21, 2023
Inflation remains frozen on 8.7 per cent ahead of Bank decision on interest rates ONS says freeze caused by rising prices for plane tickets, recreational and cultural goods and services and second-hand cars The Independent UK · Jun 21, 2023
UK inflation unchanged at 8.7% but prices still rising - what it means for your money Experts had predicted inflation would fall to 8.4%, heaping pressure on the Bank of England when it announces its latest interest rates decision tomorrow (June 22) Daily Mirror · Jun 21, 2023
UK inflation stuck at 8.7% in another cost-of-living shock The higher-than-expected figure likely means more interest rate rises Evening Standard · Jun 21, 2023
Bank of England must ‘create recession’ to fight high inflation, Hunt advisor says, as mortgage rates rise again – as it happened Member of Jeremy Hunt’s economic advisory council says BoE must create “uncertainty and frailty”, after UK headline inflation was unchanged at 8.7% in May The Guardian - UK · Jun 21, 2023
Zenger · Jun 21, 2023 Powell To Face Congress Amid Criticism Over Fed’s Policy Stance Questions on interest rates, banking regulation, and inflation to be raised during Powell's testimony.
The New Daily · Jun 20, 2023 Michael Pascoe: Speech shows RBA clueless on employment You can rely on the Reserve Bank to miss or downplay a major factor or two when it strays into what’s actually happening in Australia.
Bristol Post · Jun 20, 2023 Mortgage-holders say they worry they 'simply won't have any more money' Soaring interest rates have seen people with mortgages facing big rises in their repayments
Wales Online · Jun 20, 2023 People with mortgages say they worry they 'simply won't have any more money' Soaring interest rates have seen mortgage holders facing big rises in their repayments
Tribune News Service · Jun 20, 2023 Powell faces tricky task of explaining rate pause in Congress Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on track.
Evening Standard · Jun 20, 2023 OPINION - Homeowners facing soaring costs shouldn’t expect sympathy from renters Are homeowners suffering from a severe bout of main character syndrome? A decade of record-low interest rates fuelled a prolonged house price boom that was impervious even to a once-in-a-century pandemic.
The National (Scotland) · Jun 20, 2023 Does raising interest rates help inflation and how does this affect mortgages? THE average mortgage rate for a two-year fixed deal has risen to a figure that has not been seen since the market reeled from Liz Truss’s…
The Guardian - UK · Jun 20, 2023 Mortgage ‘ticking timebomb’ I warned of has exploded, says Martin Lewis Comments come as data shows average two-year fixed rate rises to 6.07%, and five-year to 5.72%
Manchester Evening News · Jun 20, 2023 Martin Lewis' warning to millions of homeowners as mortgage ticking time bomb is 'exploding' The Money Saving Expert appeared on Good Morning Britain to issue some crucial advice
Evening Standard · Jun 20, 2023 When will mortgage rates come down? Interest rate remains high after Bank of England update The Bank has kept the base interest rate the same once again
The New Daily · Jun 20, 2023 ‘Per capita recession’: Banks forecast longer downturn as more interest rate rises loom Australia facing a multi-year per capita recession and even a quarter of negative economic growth in early 2024 with higher interest rates.