Articles tagged with: interest rates

13 Jan Economy

Keir Starmer Says Government Will "Absolutely" Stick To Its Fiscal Rules As Borrowing Costs Rise

Keir Starmer has confirmed that the government will "absolutely" stick to its fiscal rules, even if that means making "ruthless" decisions on the economy.

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02 Nov 2023 Economy

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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21 Sep 2023 Economy

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:

21 Sep 2023 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.

20 Sep 2023 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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14 Sep 2023 Economy

Property Tracker report reveals affordability of mortgage payments is the biggest barrier to buying a new home

16 Aug 2023 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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03 Aug 2023 Economy

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:

03 Aug 2023 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.

30 Jun 2023 Economy

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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22 Jun 2023 Economy

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:

17 Jun 2023 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.

14 Jun 2023 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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11 May 2023 Economy

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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23 Mar 2023 Economy

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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02 Feb 2023 Economy

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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15 Dec 2022 Economy

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:

03 Nov 2022 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.

12 Oct 2022 Economy

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.

12 Oct 2022 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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07 Oct 2022 Economy

Property Tracker survey shows housing market sentiment continues to fall

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22 Sep 2022 Economy

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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04 Aug 2022 Economy

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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16 Jun 2022 Economy

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: