The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. Source: Bank of England hikes interest rates to 13-year high, sees inflation hitting 10%
Tag: England
By Agence France-Presse Queen Elizabeth II, who has cut back on public appearances due to poor health and old age, will not attend this summer’s royal garden parties, Buckingham Palace said on Thursday. Every summer, up to three parties take place with invited members of the public in the Buckingham Palace Garden in central London, […]
By Bethan Staton Rising mortgage interest rates are squeezing homebuyer budgets as the cost of living crisis threatens to put the brakes on two years of frenzied activity and soaring prices in the UK property market. Figures from the Bank of England released on Wednesday showed the effective interest rate on newly drawn mortgages — […]