Economists split on tomorrow's interest rate decision as inflation ...
Sep 18, 2024 · UK inflation was unchanged at 2.2% in August, in line with market expectations but below the Bank of England's forecast of 2.4%, leaving industry experts divided on the future path of Bank Rate.
Below-expected inflation paves the way for two interest rate cuts …
Oct 16, 2024 · CPI inflation has fallen from 2.2% in August to 1.7% in September, below the Bank of England's 2% target and below economists' forecasts of 1.9%.
99% mortgages, Budget news & stamp duty hikes: Financial …
Dec 23, 2024 · 99% mortgages, Budget news & stamp duty hikes: Financial Reporter's top 10 stories of 2024. 2024 has been another interesting – and difficult to predict – year for the mortgage market: and we ...
Falling number of cash buyers pushes discounts to over 13%
4 days ago · Cash buyers are securing average discounts of over 13% compared to the prices paid by buyers needing a mortgage, new analysis by MPowered Mortgages reveals.
Misconduct allegations at financial services firms up by 72%: FCA
Oct 25, 2024 · A new survey of over 1,000 firms by the FCA has found that the number of non-financial misconduct allegations reported has increased by 72% between 2021 and 2023.
How will bond market turmoil impact mortgages, pensions and …
15 hours ago · UK long-term borrowing costs have reached a 27-year high, which industry experts have blamed on the government's tax and spending plans alongside sluggish economic growth. The yield on 10-year ...
Broker business set to increase in \\'new normal\\' of 2025 …
Dec 23, 2024 · The body predicts that the share of mortgage business done via intermediaries will continue to grow from from 87% in 2024 to 89% in 2025 and 91% in 2026.
FCA data reveals surge in pension access without advice
Sep 26, 2024 · The latest FCA retirement income data for 2023/24 reveals a significant shift in pension access and withdrawals, which reflects "ongoing economic pressures and evolving strategies within ...
Bank of England reduces interest rates to 4.75%
Nov 7, 2024 · The Bank of England's Monetary Policy Committee has voted 8–1 to reduce Bank Rate from 5% to 4.75%. One member preferred to maintain Bank Rate at 5%.
2024: A specialist look into the future | Financial Reporter
Dec 8, 2023 · The past few years have certainly been harder to predict than many of their predecessors. While it takes a brave person to put their head on the chopping block in terms of placing some hard and ...