Millions of homeowners will see mortgage rate rises as ‘softer’ house price growth forecast December 16, 2021 Major banks have hiked mortgage interest rates in response to the Bank of England hiking rates 0.15 percentage points to 0.25 per cent. Banks raised rates following the decision on Thursday, meaning millions of households will pay heftier monthly mortgage repayments. Barclays, Halifax, Lloyds Bank, NatWest, Nationwide and Santander will pass on the increase to [...]
Bank of England defies expectations and hikes rates for first time in three years December 16, 2021 The Bank of England today defied the City’s expectations and hiked interest rates for the first time in three years. The Bank’s rate setting committee voted 8-1 in favour, including governor Andrew Bailey, of lifting rates 15 basis points from a record low 0.1 per cent to 0.25 per cent, making it the first major [...]
FTSE: Lloyds, Barclays and Natwest shares surge on Bank of England surprise interest rate hike December 16, 2021 London markets are up around one per cent this lunchtime after a surprise interest rate hike from the Bank of England saw Lloyds Bank, Barclays and Natwest shares take off. The capital’s premier FTSE 100 index was still up 0.99 per cent after the rates call from Threadneedle Street, while the mid-cap FTSE 250 index, [...]
Outlook 2022: UK equities December 16, 2021 The UK holds many mispriced opportunities for stockpickers. Pick-up in M&A activity is striking. Stock market fit for the future. Sue Noffke, Head of UK Equities: UK shares remain cheap because of the perceived significant political and economic risks of Brexit, which continue to linger and depress the valuation of the UK stock market. We [...]
Some economists hold out hope for Bank of England rate hike December 15, 2021 The Bank of England would have hiked interest rates sharply to quash the over 10-year high inflation print if the UK was not in the teeth of the Covid-19 crisis, according to City economists. That’s the prediction from analysts at Bank of America, who today said: “In normal times, the BoE would likely already have [...]
Decade-high inflation print dials up pressure on Bank of England to hike rates December 15, 2021 Pressure on the Bank of England to hike rates is dialling up amid swelling energy bills causing inflation to skyrocket to its highest level in over a decade. The cost of living climbed to 5.1 per cent last month, according to data released by the Office for National Statistics (ONS) today, smashing analysts’ expectations and [...]
Barclays to pump record £30m into WSL and women’s UK sport December 15, 2021 Banking giant Barclays are set to double their investment in Women’s football as they extend their sponsorship deal to include the Women’s Championship. The deal will begin from the 2022-23 season and run through to 2025, and will see Barclays pump £30m into the women’s game. Sasha Wiggins, Barclays Group head of public policy and [...]
FTSE100 dips amid inflation surge December 15, 2021 The London FTSE100 index plunged this morning after data showed that inflation rates surged to 5.1 per cent in November – its highest level in a decade. Despite the surge, investors are no longer expecting the Bank of England to raise rates. The index saw retailers such as Next and Ocado fall 2.74 and 1.79 [...]
Soaring fuel and clothes prices push inflation to 5.1 per cent, its highest level in a decade December 15, 2021 Spiralling prices in transport and retail have pushed inflation to its highest level for a decade piling pressure on the BoE to hike rates.
Londoners have the second-lowest perception of their wealth in England December 15, 2021 Despite having the highest average total wealth in the country, London dwellers’ perceptions of their financial wellbeing are particularly poor, according to this year’s UK financial health index by wealth manager St James’s Place. Data from the index released today, ahead of The Bank of England’s announcement of its next move on interest rates later this [...]