Mortgage deals shrink by a fifth since outbreak of Iran war March 23, 2026 The number of mortgage deals on offer for homeowners have shrunk by nearly a fifth since war broke out in Iran just over three weeks ago. Just shy of 1,500 fewer residential mortgages were available on Monday morning, compared with March 9, amounting to a contraction of 19.5 per cent. According to financial information platform [...]
Bank of England’s Bailey: Interest rate cuts not on the horizon March 19, 2026 The Bank of England’s Andrew Bailey has ruled out the prospect of any interest rate cuts in the near future, warning that the sustained conflict in the Middle East constitutes a major shock to energy supply that could leave long-term scars on the British economy. In an interview with LBC set to air on Thursday [...]
Bank of England Live: Interest rates held in first unanimous vote in eight years March 19, 2026 Welcome back to City AM‘s ongoing coverage of the interest rates decision. Interest rates have been held as rate-setters at the Bank of England warned the war in Iran could send prices spiralling as soon as April. In the first totally unanimous vote in eight years, all members of the Monetary Policy Committee voted to [...]
‘No one expects’ Bank of England to cut interest rates, says former MPC member March 17, 2026 A former member of the Bank of England’s Monetary Policy Committee (MPC) has said that “no one expects a cut” to interest rates amidst deepening conflict in the Middle East. Prof Jonathan Haskel, who is also a member of City AM’s Shadow Monetary Policy Committee, told BBC Radio 4’s ‘Today’ programme he believes a rates [...]
‘And so it begins’ – Mortgage lenders kick rates back up amid Middle East crisis March 5, 2026 A number of mortgage lenders are kicking the their rates back up, with more expected to follow, as market conditions remain volatile due to the unfolding crisis in the Middle East. HSBC UK has said it will increase some of its mortgage rates for first-time buyers, movers and re-mortgagers and the UK’s largest building society, [...]
UK unemployment will surpass pandemic high, says JP Morgan February 24, 2026 UK unemployment will brush past its peak in the Covid-19 pandemic, Wall Street’s biggest bank has predicted, as employer’s still feel the brunt of Rachel Reeves’ cash grabs. The rate of unemployed Brits is tipped to reach 5.5 per cent by the late spring, according to a forecast by JP Morgan, which would mark an [...]
Bank to business lending growth to halve amid global tensions February 23, 2026 UK bank to businesses lending growth is forecast to halve this year as firms feel the pinch of challenging conditions amid global tensions. Net growth in the value of lending from the banking sector to businesses is tipped to slow to 3.5 per cent this year, standing at nearly half of the 6.9 per cent [...]
FTSE 100 Live: Inflation falls to near year-low; BAE leads stock rally February 18, 2026 Good morning and welcome back to the City AM liveblog. Inflation has fallen to a near year-low this morning hitting its slowest pace since March and fuelling hopes that the Bank of England will take the chop to interest rates next month. New data from the Official for National Statistics showed rose the Consumer Price [...]
Inflation tipped to fall to year-low in boost to interest rate cuts February 16, 2026 Inflation is tipped to fall back to its lowest level for nearly a year in a busy week for UK economic data, with hopes the drop will help accelerate the Bank of England’s rate-cutting cycle. Economists are expecting the Office for National Statistics to show a sharp reprieve in the Consumer Price Index – the [...]
FTSE 100 Live: Miners lead stock fall as gold rout deepens February 2, 2026 Good morning and welcome back to the City AM liveblog. There’s one big event the City is looking towards this week but all signs point to zero surprises. On Thursday, the Bank of England’s monetary policy committee will meet for the first time this year and decide whether to take the chop to interest rates. [...]