Navigating Current UK Interest Rate Rises Amidst Lowering Inflation: Implications for Mortgages
The economic landscape is an intricate tapestry woven with various threads, where factors like interest rates and inflation play a pivotal role in shaping financial decisions and markets. In recent times, the United Kingdom has found itself at a crossroads as interest rates rise against the backdrop of decreasing inflation. This delicate dance between interest […]
Will Interest Rates Go Up Or Down In 2023?
The change from one year to the next is often a time when people think about what the future will bring. One of the key questions for this year is the question of what direction interest rates will take. The answer to this question will depend on two main factors. These are government policy and […]
Mini-Budget How Does It Affect You?
Jeremy Hunt, appointed Chancellor on 14 October, has today made an emergency statement on the mini budget. The Government have brought forward these fiscal measures to calm markets and bring stability to public finances following the economic turmoil caused by the Growth Plan announced on 23 September. Changes to National Insurance and stamp duty will […]
4 Things To Know About Interest Rates
Although it may not seem like it at first, interest rates really are interesting. High rates are great news for savers but bad news for borrowers and vice versa. Regardless of whether you’re a saver or a borrower, it’s important to understand 4 key points about interest rates. For savers interest rates are in a […]
What the budget means for personal finance
The budget was expected. The emergency meeting of the Monetary Policy Committee of the Bank of England, by definition, was not. Both had meaningful implications for personal finance. Interest rates were cut from 0.75% to 0.25% (and have since been cut again to 0.1%) The initial cut sent interest rates back to where they were […]
