Articles
Food inflation at 19.1%
Non-alcoholic beverages and food inflation was recently measured by the Office for National Statistics (ONS) at 19.1%, which is the highest we’ve seen food inflation since the summer of 1977.
Is this the last interest rate rise for now?
The UK’s base rate of interest currently sits at 4.25%, which is the highest it has been for some time. This is understandable considering the rate of inflation is x5 more than the Bank of England’s usual target of 2%.
The BoE’s interest rate decision just got more difficult
The Bank of England is deciding whether to raise the base rate again or keep it at a long-term high of 4%. But this decision isn’t going to be as straightforward as recent interest rate hikes.
Can you benefit from the mortgage price war?
Mortgage lenders have started slashing rates in what is being dubbed the start of a mortgage price war. If you’re in a position to renew your mortgage, now might be the best time to secure a better deal and make monthly savings.
House prices fall for 5th month
Average UK house prices have decreased for the fifth straight month in January. The average price of a UK house in January was £258,297, which is a decrease of 0.6% compared to December 2022. The recent housing market slump comes off the back of an unprecedented price rise during the COVID pandemic.
