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.
Eric Leenders, managing director of personal finance at UK Finance, the trade body for the banking sector, said he...
The chancellor will announce increased funding for tram, train and bus services in England.
Mike Ashley’s Frasers Group has made a takeover approach for luxury handbag maker Mulberry, adding it was “exceptionally concerned”...
Measures such as keeping public sector pay settlements limited to 5-7%, as opposed to paying inflation-linked rises, will have...
Vodafone and Three have rejected claims by the UK’s competition watchdog that their proposed merger would lead to higher...
“We document that for more than a half of publicly trading stocks you can find a firm with a...
“Our data shows that the cost-of-living payments do offer some respite to people, but this is short lived. Historically...
The other bill, known as the Build Back Better Act, still faces an uncertain future in Congress. Progressive Democrats...
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