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Sat, 2 December 2023

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Articles tagged with: interest rates
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Economy
By Building Societies Association
BSA comments on the MPC's decision to keep the Bank Rate at 5.25%
Commenting on the MPC’s decision not to change the Bank Rate from 5.25%, Andrew Gall, Head of Savings and Economics at the BSA said:
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Economy
By Building Societies Association
BSA comments on MPC's decision not to change the Bank Rate from 5.25%
Commenting on the MPC’s decision not to change the Bank Rate from 5.25%, Andrew Gall, Head of Savings and Economics at the BSA, said:
Tories Welcome Bank of England's Interest Rate Pause But Warn They're 'Not Out Of The Woods'
Economy
Tories Welcome Bank of England's Interest Rate Pause But Warn They're "Not Out Of The Woods"
A number of Conservative MPs have welcomed the Bank of England’s decision to keep interest rates at 5.25 per cent, but claimed the central bank’s rapid increases in the Bank Rate prior to today may have damaged economic growth.
Conservative MPs Fear For Their Seats If High Interest Rates Linger
Economy
Conservative MPs Fear For Their Seats If High Interest Rates Linger
Conservative MPs are growing increasingly nervous that interest rates remaining high could be doing serious damage to their prospects at the next general election, which is due to be called before the end of 2024.
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Economy
By Building Societies Association
Property Tracker report reveals affordability of mortgage payments is the biggest barrier to buying a new home
Economists Warn Inflation Target May Be Missed Despite Recent Fall
Economy
Economists Warn Inflation Target May Be Missed Despite Recent Fall
A high rate of core inflation has triggered warnings from economists of more interest rate hikes and of the government missing its inflation target, despite a recent overall consumer price index (CPI) inflation fall.
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Economy
By Building Societies Association
Bank Rate rises by 0.25% to 5.25%
Commenting on the increase in the Bank Rate from 5.0% to 5.25%, Andrew Gall, Head of Savings and Economics at the BSA said:
Chancellor Jeremy Hunt Admits Interest Rates Rise Won't Be 'Easy' For Households
Economy
Chancellor Jeremy Hunt Admits Interest Rates Rise Won't Be "Easy" For Households
Chancellor Jeremy Hunt has said the Government will continue to stick with its plan as the Bank of England raised interest rates to 5.25 per cent in an effort to tackle inflation.
Disillusioned Homeowners Aren't Confident Government Can Help Fix Mortgage Woes
Economy
By Nadine Batchelor-Hunt
Disillusioned Homeowners Aren't Confident Government Can Help Fix Mortgage Woes
Homeowners have expressed renewed hopelessness over the UK's economic and political outlook after seeing their mortgage rates soar as a result of inflation-controlling measures.
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Economy
By Building Societies Association
Housing market sentiment remains low as Bank Rate increases by a further 0.5% to 5.0%
Commenting on the increase in the Bank Rate by 0.5% to 5%, Andrew Gall, Head of Savings and Economics at the Building Societies Association (BSA) said:
Soaring Mortgages Could “Define” Tory Election Defeat
Economy
Soaring Mortgages Could “Define” Tory Election Defeat
Spooked Conservative MPs fear soaring mortgage rates will "define" the rest of this parliament and represent the final nail in the coffin for their party's chances of retaining power at the next general election.
Rishi Sunak Must Juggle Tax Cut-Hungry Conservative MPs And The Risk of More Economic Woe
Economy
Rishi Sunak Must Juggle Tax Cut-Hungry Conservative MPs And The Risk of More Economic Woe
Prime Minister Rishi Sunak faces an increasingly difficult balancing act in trying to satisfy the growing number of Tory back benchers who want tax cuts brought forward, with warnings that doing so risks worsening an already precarious economic picture. 
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 4.5%
Commenting on the increase in the Bank Rate from 4.25% to 4.50%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 4.25%
Commenting on the increase in the Bank Rate from 4.0% to 4.25%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 4%
Commenting on the increase in the Bank Rate from 3.5% to 4.0%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 3.5%
Commenting on the increase in the Bank Rate from 3.00% to 3.5%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
Government Says Record-Breaking Interest Rate Hike Will Tackle “Enemy” Of Inflation
Economy
Government Says Record-Breaking Interest Rate Hike Will Tackle “Enemy” Of Inflation
Chancellor Jeremy Hunt has said “inflation is the enemy” as he responded to the Bank of England’s record-breaking increase in the base interest rate.
As a former mortgage broker, rates are nothing of the magnitude we saw in the 2008 crisis
Economy
By James Cartlidge MP
As a former mortgage broker, rates are nothing of the magnitude we saw in the 2008 crisis
As a mortgage broker during the 2008 credit crunch, my memory is seared with those extraordinary days when email alerts of products being withdrawn piled in.
Leading Economists Insist Government Financial Plans Worsened Economic Chaos
Economy
Leading Economists Insist Government Financial Plans Worsened Economic Chaos
Several leading economists have told MPs they believe there is "absolutely a UK component" to the current market chaos after ministers blamed global financial pressures rather than their controversial "mini-budget".
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Economy
By Building Societies Association
Property Tracker survey shows housing market sentiment continues to fall
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 2.25%
Commenting on the increase in the Bank Rate from 1.75% to 2.25%, Paul Broadhead, Head of Mortgage & Housing Policy at the BSA said:
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 1.75%
Commenting on the increase in the bank Rate from 1.25% to 1.75%, Robin Fieth, Chief Executive at the BSA said:
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Economy
By Building Societies Association
BSA comments on the increase in the Bank Rate to 1.25%
Commenting on the increase in the bank Rate from 1.0% to 1.25%, Paul Broadhead, Head of Mortgage and Housing Policy at the BSA said:
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Economy
By Building Societies Association
Rising cost of living sees majority of Britons cutting back on spending