Articles
The housing market since the mini-budget – what’s happened?
The mini-budget included changes to income tax but also Stamp Duty payable when you purchase property. So, how have Stamp Duty changes affected the UK housing market?
What was in the mini-budget and what’s changed?
To kick off the new Conservative government, Liz Truss and now-former Chancellor Kwasi Kwarteng announced planned changes to try and improve the UK economy in what became known as a “mini-budget”. But how have recent events and U-turns changed the mini-budget?
How will a UK interest rate rise affect you?
The Bank of England (BoE) has increased the base rate to 1.75%. This is an increase of 0.5 percentage points, which is the largest single increase for almost three decades and a sign of the struggle to get inflation under control. The last time the base rate was set at 1.75% was during the financial crisis of 2008.
But how will the latest base rate increase affect you and your wallet?
Higher inflation and recession forecast
The UK is now forecasting an even higher level of inflation than first anticipated, and it has a new prediction on the possibility of a recession later this year. Learn what’s causing it and what the outcomes might be below.
USA 0.75% – 1.25% UK
The US Federal Reserve announced that it will be increasing interest rates to 0.75 percentage points after meetings took place on the 14th and 15th of June. This follows on from an increase to 50 percentage points in May. These moves are hoped to help reduce soaring inflation rates seen across the US.
