Base Rate Goes Up To One Per Cent

Base Rate Goes Up To One Per Cent

The Bank of England has just announced it is increasing the base rate to one per cent and is predicting that inflation will peak this year at more than ten per cent. Interest rates have just gone up. The Bank of England’s Monetary Policy Committee has voted to...
Interest rates go up

Interest rates go up

The Bank of England has increased interest rates from 0.1 per cent to 0.25 per cent. Here’s what it means and how it may affect you. The Bank of England’s Monetary Policy Committee has increased interest rates to 0.25 per cent in a surprise decision. The Monetary...
When will interest rates rise?

When will interest rates rise?

With inflation at its highest level in ten years, surely interest rates must be set to rise and what will this mean for those looking to get a good deal on a mortgage? UK inflation has jumped to its highest level in a decade. Inflation went up from 3.1 per cent in...
Inflation could rise but there’s new optimism for the economy

Inflation could rise but there’s new optimism for the economy

The fuel price increase has been scrapped in the Autumn Budget while help is at hand for businesses, but the Chancellor warns that inflation could rise. Here’s our quick summary of the key points of the Autumn Budget. Chancellor Rishi Sunak has declared a ‘new wave of...
Bank of England raises interest rate to 0.75%

Bank of England raises interest rate to 0.75%

Following on from the news today that the Bank of England has decided to raise the Bank Rate by 0.25% to 0.75%, borrowers on variable rate mortgages are likely to see their mortgage payments increase in the coming weeks. The Financial Conduct Authority recently...