House builder blames ‘broken planning system’ and interest rates for loss August 7, 2025 In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
House prices rise ahead of key Bank of England rate decision August 7, 2025 House prices rose at their fastest pace since the start of the year in July, as buyers shake off concerns about higher property taxes and push ahead with purchases. Prices rose 0.4 per cent in June, according to the latest index from Halifax, with the average property price now £298,237 compared to £297,157 last month. [...]
LIVE: Bank of England cuts interest rates to four per cent August 7, 2025 The Bank of England has slashed interest rates to the lowest level in more than two years at four per cent. The decision to cut rates from 4.25 per cent comes after members were told to vote for a second time after facing a split decision. It follows the Bank’s chief economist, Huw Pill, telling [...]
Mortgage recovery hinges on a Bank of England interest rate cut August 6, 2025 Homeowners across the UK are catching a break as mortgage arrears fell for the first time since the cost-of-living crisis began – but a full recovery will hinge on the Bank of England’s decision on Thursday. Missed mortgage payments in the second quarter fell by 4.4 per cent across the UK, whilst direct debit rejections [...]
Zempler Bank grows profit on the back of high interest rates August 6, 2025 Zempler Bank has recorded its third consecutive year of profitability after a cheering jump in customer deposits and a strong performance in interest income. The UK fintech – formerly known as Cashplus – recorded a 58 per cent leap in pre-tax profit to £5.2m for the year ending March 31 2025. It comes as deposits [...]
Cut interest rates to four per cent, City AM Shadow MPC says August 5, 2025 Top economists have voted 8-1 for interest rates to be slashed by 25 basis points in City AM’s new Shadow Monetary Policy Committee (MPC). Amid high inflation and falling job numbers, the Bank of England is set to face a difficult finely balanced decision on Thursday on whether to cut interest rates from the current [...]
FTSE 100 banks outperform but face tougher waters ahead August 4, 2025 The FTSE 100’s banking constituents breezed through the second quarter results season as interest income remained stable and trading income soared on the back of market volatility. The ‘Big Five’ banks of London’s flagship stock index – Barclays, HSBC, Natwest, Lloyds and Standard Chartered – pocketed a combined £12.8bn in the three months to June [...]
Bank of England to cut interest rates but faces dilemma on outlook August 4, 2025 The Bank of England is unlikely to signal faster interest rate cuts at this Thursday’s meeting, leading economists have said, leaving the future of monetary policy in the balance. Monetary Policy Committee (MPC) members are widely expected to agree to cut interest rates by 25 basis points to four per cent. But City analysts have [...]
Borrowing costs set to ease further as Bank contends with weaker jobs market August 3, 2025 Borrowing costs are set to ease further as the Bank of England contends with stagnant growth and rising unemployment, experts have predicted. Most economists think the Bank’s Monetary Policy Committee (MPC) will cut interest rates by 0.25 percentage points to 4% on Thursday. It could release pressure for some mortgage holders amid hopes that cheaper [...]
Bank of England officials set to clash on interest rates July 30, 2025 Bank of England policymakers are set to spar on whether to hold or cut interest rates as City analysts are expecting a three-way split in the final vote. The Bank saw a 6-3 vote in favour of holding interest rates at 4.25 per cent in June while the meeting before in May saw four dissenting [...]