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Surprise jump in demand for home loans as borrowers ‘scramble’ to get ahead of interest rate increasesAnalysis – mortgage rates show sign of easingBusiness live – latest updatesMortgage approvals in the UK rose to their highest level since October 2022…
Data shows increase from 3.3% to 6.6% since December 2021, which was before interest rate risesPersonal loan rates have doubled in little more than 18 months, spelling “far higher” costs for financially squeezed households hoping to borrow money, new d…
Central bank raised rates by 0.25 percentage points in attempt to bring inflation down The European Central Bank has been urged to pause further interest rate rises amid growing recession fears after lifting them by 0.25 percentage points to a joint re…
Economy is being anchored by labor market and businesses are boosting investment, potentially holding off a recessionThe US economy grew faster than expected in the second quarter as labor market resilience underpinned consumer spending, while business…
US economy remains robust despite the 11 rate rises the Fed has implemented – its most aggressive rate-rising cycle in 40 yearsThe US Federal Reserve raised interest rates to a 22-year high on Wednesday as it continued its fight against rising inflatio…
Bill will need to be paid by the Treasury from current spending, hitting Whitehall departmental budgetsHigher interest rates will force the Bank of England to make a loss of £150bn from the sale of bonds bought to shore up the UK’s financial system ove…
US Fed will also have to raise rates more aggressively than forecast, says Washington-based bodyInterest rates in the UK will need to stay higher for longer than previously forecast in order to tackle stubbornly high inflation, the International Moneta…
Britain’s earnings gap is growing as business services, finance and IT workers prosper, thinktank findsBig pay increases for highly paid workers in London and the south-east have masked real wage cuts across large swathes of the economy and led to a wi…
New report suggests British economy almost stalled in July as consumers limited spendingThe pound has suffered its longest stretch of daily falls since the start of the Covid-19 pandemic amid growing speculation in the currency markets that a weakening…
Make UK report says post-Brexit structural shift in trade is particularly hurting factories in north-west and West MidlandsFactories in England and Wales are seeing a downward trend in the share of their trade going to the EU, an analysis from the manu…