Millions of homeowners face MORE mortgage pain in new year: Bank of England’s chief economist warns ‘a lot more rate hikes’ could come if inflation persists Huw Pill was today asked whether there would be ‘a lot more rate hikes to come’ Asked if it may come if inflation stayed the same, he said: ‘Well … Read more
Pressure mounts on Bank of England to raise interest rates to curb inflation after headline CPI soars to a 10-YEAR high of 5.1 PER CENT… but experts warn acting too soon could hammer economy amid Omicron chaos CPI rate of inflation rose to 5.1 per cent in November well above expectations The figure is the … Read more
Bank of England Governor Andrew Bailey admits he is ‘very uneasy’ about spiking inflation levels as he says it was a ‘very close call’ not to raise interest rates at the start of November Andrew Bailey said he is ‘very uneasy’ about spiking inflation levels in the UK He said it was a ‘very close … Read more
Trouble brewing: Average price of a pint could soon pass £4 for the first time due to inflation The Bank of England has predicted annual inflation will rise above 4 per cent According to the figures, the average cost of a pint of lager could rise to £4 Comes as shoppers were warned to expect … Read more
Bank of England’s chief economist warns inflation could be ‘nearer four per cent than three per cent’ by the end of the year and ‘everyone will lose’ if it continues to spike Andy Haldane said ‘everyone would lose’ if inflation level continues to increase Mr Haldane said inflation could be ‘nearer to 4% than 3%’ … Read more
CPI inflation rate DOUBLES to 1.5% in April amid rising fears prices could soar amid coronavirus bounceback By James Tapsfield, Political Editor For Mailonline Published: 07:14 BST, 19 May 2021 | Updated: 07:15 BST, 19 May 2021 Fears of a spike in inflation were fuelled today as official figures showed the CPI rate doubled to … Read more
David Cameron will be grilled by MPs next week over the Greensill lobbying row Finance boss Lex Greensill to appear before the Treasury committee on Tuesday Paid advisor David Cameron urged Rishi Sunak to lend millions to Greensill firm Company subsequently filed for insolvency, threatening thousands of UK jobs By Daily Mail Reporter Published: 22:00 … Read more
Mortgage borrowing reaches record £11.8billion high in a month as housing market is fuelled by stamp duty holiday and low mortgage rates Figures show net mortgage borrowing is at the highest since records began Housing experts say home owners are taking advantage of low mortgage rates The break from stamp duty is also sending borrowing … Read more
Mortgage borrowing reaches record £11.8billion high in a month as housing market is fuelled by stamp duty holiday and low mortgage rates Figures show net mortgage borrowing is at the highest since records began Housing experts say home owners are taking advantage of low mortgage rates The break from stamp duty is also sending borrowing … Read more
Inflation rises from 0.4% to 0.7% in March after surge in fuel and clothing prices The CPI rate of inflation went up from 0.4 per cent to 0.7 per cent in March The ONS said that the increase was caused by rising fuel and clothing prices The rate is still well below the Bank of … Read more
Well, that was money well spent. On June 4 last year it was revealed Tottenham took out a £175million Government loan at a very competitive rate to help cope with the pandemic. Now we know what some of it has been spent on: sacking Jose Mourinho. With compensation in the region of £16m due, that … Read more
The new taskforce is part of a series of measures that the Chancellor Rishi Sunak hopes will help the UK’s financial technology sector The UK has taken a tentative step towards creating a ‘Britcoin’ with a taskforce ordered to explore whether the UK should have its own digital currency. The Bank of England and the … Read more
The Chancellor announced plans for ‘green growth’ in his Budget today – but they were criticised for being ‘way short’ of the action required to tackle climate change. Rishi Sunak heralded a new national infrastructure bank in Leeds with £12billion to finance a green industrial revolution and £15billion of new green gilts this year. There … Read more