Take mortgages. In the early 2000s, more than seven out of 10 residential mortgages were on variable or tracker rates, immediately impacted by rate hikes. Today, it’s 15% of homeowners. Even adding in the 1.8 million who are re-mortgaging this year, means it’s still, contrary to a couple of decades ago, the minority of mortgage holders who will be affected.
Alpesh Paleja, lead economist at the CBI, a business lobby group, said: “Near-term challenges to the outlook have ramped...
Food charity Fareshare says donations from the major grocers have fallen, just as demand has surged.
By Simon Read & Dearbail JordanPersonal finance reporter, BBC News image source, Getty Images Householders face a large rise...
He acknowledged both he and the prime minister wanted a “low-tax, high-growth economy, and world class public services”, but...
“With markets now forecasting a peak in Bank Rate of over 6%, the likelihood is that mortgage rates will...
“Government must address the HGV driver shortage by rapidly increasing the number of HGV driving tests taking place, providing...
Chief executive Andy Jassy said Amazon expected to “incur several billion dollars of additional costs” as it managed its...
Russ Mould, investment director at stock broker AJ Bell, said the American investors may have considered Morrisons – the...
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