Interest Rates go up again!

Interest Rates go up again!

The Bank of England has increased the base rate by 25 basis points to 1.25% The increase marks the fifth base rate rise since December 2021 after a decade of historic lows. The Monetary Policy Committee minutes say that UK GDP was weaker than expected in April, partly...
Rising Interest Rates

Rising Interest Rates

The ever-tightening cost of living crisis and soaring inflation (which stood at 7%in the 12 months up to March ) is fuelling the likelihood of more interest rate rises this year – putting further pressure on the monthly budgets of millions of mortgaged UK homeowners....