What's happening to UK interest rates and what does it mean for mortgages?
The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
BBC News reported that the interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
Key details
- Location
- United Kingdom · Europe
- Reported by
- BBC News
- First reported
- Key names
- UK, Bank of England
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at BBC NewsSpotted an error? Request a correction · How this summary was produced
Related Stories
Interest rates unlikely to reach 4.75% by next summer, say City economists
Experts say Bank of England unlikely to increase rates by full percentage point – and could lower them by end of 2027 Financial markets are wrong to…
UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years The UK is watering down rules introduced in the…
What are the new faces coming to UK bank notes?
Banknotes are getting a nature-themed makeover – and the Bank of England has revealed the four creatures that will feature on our money.
Primark accelerates home‑delivery launch after profit dip
The Guardian reported that Primark will start offering home deliveries by the end of next year, moving the launch forward by roughly two years.
Keeping mortgage interest relief approved
Homeowners can get tax relief of £3,500 on the money spent on the interstate of a mortgage.
Asda appoints former Morrisons chief David Potts as new leader
BBC reported that Asda has appointed David Potts, the former chief executive of Morrisons, to run the Leeds‑based retailer.
Rio Tinto funds A$28 million toad containment effort in Pilbara
BBC reported that mining giant Rio Tinto is joining the campaign to halt the spread of invasive toads across Australia.
Barclays begins early settlement payouts to car‑loan mis‑selling claimants
Barclays said it will start offering compensation this month to tens of thousands of customers who say they were mis‑sold car loans.