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 [...]
Regular or fixed? How to know which savings account is right for you May 8, 2025 Recently, savers have enjoyed some of the best interest rates in years, but as the Bank of England continues cutting interest rates, this may be coming to an end. This makes it crucial to move your cash to a place where it will be working as hard as possible for you. The good news is [...]
Bank of England interest rates cut ‘nailed on’ May 8, 2025 The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. City of London leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
Only radical thinking can break Britain out of its doom loop May 8, 2025 While the lucky few left Tuesday night’s City AM Awards with a gleaming trophy, the evening’s other takeaway came in the form of a stimulating and provocative speech by Andy Haldane. The former Bank of England Chief Economist said that two decades of economic and social shocks – from the financial crash and subsequent Euro [...]
The Capitalist: City grandees live it up at the City AM Awards May 8, 2025 Forget the first Monday in May, The Capitalist joined City grandees at Guildhall for a behind the scenes look at the City AM Awards.