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Measure among three to emerge from meeting to help struggling households after sharp rate hikeBusiness live – latest updatesStruggling mortgage holders will be given a 12 month grace period before their repossession proceedings begin, in an agreement b…
Tories are likely to bear the brunt of homeowning voters’ anger in marginal constituencies in next year’s electionAs the former chancellor who warned presciently during last summer’s leadership contest that Liz Truss would crash the economy, Rishi Suna…
Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to interveneRishi Sunak’s pledge to ease the cost of living crisis is in tatters after the Bank of England was forced to raise interest rates to 5% in an inflation…
Leader says there is no quick fix and there are problems with approach advocated by Lib DemsKeir Starmer has said he would not support subsidising mortgage holders to spare them the pain of rising interest rates, as the Bank of England pushed its base …
The size of the Bank of England’s 13th hike in a row was somewhat of a surprise, with most economists predicting a smaller quarter-point increase.
Critics say Bank should pay less attention to economic models and more to what is happening on the groundBusiness live – latest updatesWith Thursday’s 0.5 percentage point increase in interest rates to 5%, the Bank of England is hoping to land a knocko…
Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflationBusiness live – latest updatesThe Bank of England has raised interest rates by a half point to 5% as it intensifies its efforts to tackle stub…
Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’. This live blog is closedBank of England raises interest rates by a half point to 5%Rishi Sunak has posted a thread on Twitter setting out what the governmen…
Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowersLabour has piled further pressure on Rishi Sunak to take action to help struggling mortgage holders as the Bank of England prepares to raise inter…
As Bank raises interest rates again and big business greedflation pushes prices higher, the PM’s vow is a gambleBusiness live – latest updatesIt was considered an easy win when Rishi Sunak promised to halve inflation by the end of the year. That was Ja…