3 h. ago New interest rate cut could see people with tracker mortgage save nearly £350 a year

People with savings are set for a further slump after the Bank of England cut the base rate to 4.25% on Thursday.

Economics

4 h. ago Tracker mortgage holders could save nearly £350 a year following rate cut

Thursday’s base rate reduction by the Bank of England would help boost housing market activity, property experts said.

Economics

4 h. ago UK interest rates fall to 4.25% as Bank of England announces a quarter

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war falloutExplainer: what does it mean for mortgages and savings?Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – latest updatesBank of England policymakers have cut interest rates by a quarter point to 4.25% to cushion the UK economy against the impact of Donald Trump’s trade war.The widely expected move from the Bank’s monetary policy committee (MPC), its fourth cut since last August, also carried a warning that the UK economy would slow by a further 0.3% over the next two years in addition to dramatic cuts to its forecasts earlier this year. Continue reading...

Politics

5 h. ago What the Bank of England's interest rate cut means for your mortgage

The UK base rate has been reduced from 4.5 percent down to 4.25

Economics

5 h. ago What the interest rate cut means if you have a mortgage, loan, or savings

The Bank of England has cut interest rates and this is what it means in practical terms

Economics

3 w. ago UK inflation surprise: May 8 interest rate cut ‘sure bet’ but will mortgage costs now fall?

“This is an uncertain moment - both for the UK economy and for household finances” – Kevin Brown, Scottish Friendly

Economics