The recent rises in mortgage costs are also likely to have a knock-on effect on renters who could face higher payments as landlords seek to recoup the rising cost of higher mortgages. Squeezed landlords may decide to sell properties, which could lead to fewer homes available to rent, according to the National Residential Landlords Association.
“We have taken enough time to monitor the design modification work and the more than 20 months of rigorous...
But Lisa Hooker, leader of industry for consumer markets at accountancy firm PwC, said: “Consumers remain cautious about spending,...
“That really has huge ramifications for gas in Europe which is about four times more expensive than it was...
He said it was “reasonable” that financial markets were pricing in two or three rate cuts this year, but...
But many charities want action to be taken sooner, arguing that many consumers could be pushed into borrowing more...
But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right”...
One source close to the negotiations on the UK side suggested there had been a more optimistic outlook earlier...
“With markets now forecasting a peak in Bank Rate of over 6%, the likelihood is that mortgage rates will...
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