On 03 August 2023, the Bank of England Monetary Policy Committee (MPC) made the decision to once again raise its base interest rate by 0.25 percentage points. This has brought Bank of England Base Rate to 5.25%. This move came in response to persistently high inflation rates in the UK economy. The decision met the …
14th consecutive Bank of England Base Rate Increase Read More »
This week on Wednesday 19th July, the Office for National Statistics (ONS) reported a significant breakthrough in the battle against rising prices, as the country’s inflation rate dropped to the lowest level in 15 months, falling below 8%. This news has sparked hope among investors and economists of a positive shift in the economy, as …
Lower Inflation Figures lead to a drop in Mortgage Rates: A Positive Economic Indicator Read More »
UK House Prices Fall 2.6% in Biggest Annual Drop Since 2011 According to the Halifax, UK house prices experienced a significant decline last month, marking the largest annual drop since 2011. In June, the average property price in the UK fell by 2.6% compared to the same month the previous year. This decline was more …
