Category: Borrowing & debt

Alarm at growing number of working people in UK ‘struggling to make ends meet’

UK debt advice charity warns that cost of living crisis and higher rents are pushing younger full-time workers into difficultiesA rising number of people in full-time work, including those in jobs such as nursing, have been...

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Ministers’ 99% mortgage idea could overheat UK housing market, say experts

Scheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10Ministers could be at risk of fuelling a fresh house-price bubble, according to industry experts who have warned about a...

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‘Shock and awe’ interest rate rise leaves Sunak’s cost of living pledge in tatters

Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to interveneRishi Sunak’s pledge to ease the cost of living crisis is in tatters after the Bank of England was forced to raise...

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Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’

Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowersLabour has piled further pressure on Rishi Sunak to take action to help struggling mortgage holders as the Bank of England...

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Keep interest rates at 4% to help UK households, urges Bank of England policymaker

With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economyA senior Bank of England policymaker has said interest rates should be held at 4% amid signs of...

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