Interestrate.co.uk
InterestRate.co.uk - Everything you need to know about interest rates and how they influence the world of finance.
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Are credit union interest rates more competitive? - InterestRate.co.uk
A credit union is an organisation where members can save money or take out loans. Credit unions operate on a non-profit basis, allowing them to offer and charge competitive interest rates. We can earn interest by depositing money in credit union savings accounts and enjoy the Financial Services Compensation Scheme protection limit of £85,000. If … Read More »
Bank of England interest rate predictions 2023 - InterestRate.co.uk
Members of the Bank of England Monetary Policy Committee (MPC) have had more than enough to discuss over the last three or four years. Rising energy prices, inflation, Covid and the Ukraine crisis, not to mention the ongoing uncertainty surrounding Brexit, have created a potent monetary policy mix. Then we had the recent autumn statement, … Read More »
Political decisions mean rates will rise again - InterestRate.co.uk
Chancellor of the Exchequer Jeremy Hunt came under severe pressure after his autumn budget statement, will his tax rises impact short-term interest rates? There is growing concern that delaying the worst tax rises for another two years will not help the Bank of England in its quest to control inflation. So, could there be more short-term pain before the tax increases have an impact?
Interest rate rise biting into housebuilder sales - InterestRate.co.uk
UK housebuilding giant Bellway has confirmed that demand for housing has “moderated” since the summer. As a result, the company expects sales to be flat during the current trading year compared to the 12 months up to 31 July 2022. During this period,