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.
He added that the quote an insurer gives you depends on a set of personalised circumstances, including the type...
“Jobs growth has slowed but remains too strong to justify an extended Fed pause. More significantly, with average hourly...
It comes as another retailer, Bonmarché, collapsed, following Debenhams and Topshop owner Arcadia.
In June, Centrica said it planned to to cut around 5,000 jobs to “arrest the decline” of the company.
“We anticipate a sharp decline in activity during the first quarter of the year,” said Kemar Whyte, senior economist...
Two lenders, Virgin Money and Skipton, say they will stop mortgage offers to new customers.
Since February, the CMA has been engaging with the government’s Levelling Up department, and various consumer rights groups, including...
The single currency has been worth more than the dollar for most of its history. It lagged below the...
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