Mortgages rates set to fall after Bank of England interest rate cut May 9, 2025 Analysts have predicted that the Bank of England’s decision to reduce interest rates on Thursday will encourage major banks to cut mortgage rates. Lower rates will be a major affordability boost for the UK’s housing market, which continues to price out young buyers unable to rely on financial gifts or savings. “If homebuyers can borrow more, they [...]
Rightmove: Lower mortgages and browsing Brits boost property portal May 9, 2025 Property platform Rightmove has benefitted from a more optimistic housing market as mortgage rates fall, with buyer demand and property listings both up. The FTSE100 company, which is home to over 80 per cent of all consumer time spent on UK property portals, said new property listings rose nine per cent in the first four [...]
UK financial services can still drive growth in a volatile world May 9, 2025 Geopolitical turmoil is threatening the resilience of UK financial services, but we don't need to sacrifice growth to protect them, writes KPMG's Karim Haji.
Analysis: What is in the US-UK trade deal and what does it mean? May 8, 2025 The US administration has offered the UK its first trade deal since President Trump turned global trade on its head last month. The UK government will see the deal as a win, at least symbolically, while Bank of England Governor Andrew Bailey hailed news of a trade deal as “excellent”. Chancellor Rachel Reeves said reducing [...]
Interest rate cut hopes fade after Bank of England decision May 8, 2025 City investors have lowered expectations of multiple interest rate cuts later in the year after the Bank of England decided to reduce rates to 4.25 per cent. Prior to the Bank’s decision on Thursday at 12.02 pm, markets priced in around three more cuts this year in predictions that would take interest rates to 3.5 [...]
What the Bank of England’s interest rate cut means for your mortgage May 8, 2025 The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
Lord Mayor to pay tribute to Winston Churchill and war heroes in VE Day speech May 8, 2025 The Lord Mayor of London will give a speech at St Paul’s Cathedral to mark the 80th anniversary VE Day, in the City of London’s contribution to commemorations taking place around the UK. Alastair King is set to pay tribute to heroes of the Second World War and to Sir Winston Churchilll on behalf of [...]
Week in Business: Why Britain needs reform May 8, 2025 In light of current difficulties and long-term challenges, the UK economy needs a dose of radical reform - but who will have that conversation?
Bank of England cuts interest rate in split decision May 8, 2025 The Bank of England has cut interest rates to 4.25 per cent in a split decision dividing hawks and doves. The Bank’s policymakers suggested that President Trump’s aggressive tariffs on China were “more likely to be disinflationary than inflationary”, with price growth expected to level off to its two per cent target by the end [...]
House prices rise in April: ‘The market is baring its teeth’ May 8, 2025 House prices in the UK ticked up in April as the market unexpectedly bounced back from the end of stamp duty relief. According to Halifax, house prices increased by 0.3 per cent in April vs a fall of 0.5 per cent in March, making the average property now £297,781. Prices have been remarkably stable over [...]