The Cause and Effect of the Bank of England’s Decision to Increase the Bank of England Base Interest Rate. On 22nd June 2023, the Bank of England made a significant decision to increase the Bank of England Base Rate by 0.5%, bringing it to 5%. This move by the central bank has wide-ranging implications for …
How does inflation affect the interest rates you pay? Inflation and its impact on various aspects of the economy, such as wages and food prices, have been significant concerns in the UK following the COVID-19 pandemic and the Russian invasion of Ukraine. Understanding the forces behind inflation and its relationship with interest rates is crucial …
In today’s volatile property market, characterised by high inflation, rising interest rates, and falling house prices, it is crucial for investors to make informed decisions about buy-to-let mortgages. In this article I delve into the specific challenges and opportunities that arise in the major Northern cities, particularly Manchester, Leeds, and Newcastle, offering key figures, examples, …
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