Money

Interest rates: Force banks to offer mortgage help, says Labour

BBC Money News Feed - Thu, 06/22/2023 - 09:00
Shadow Chancellor Rachel Reeves sets out Labour's response to the crisis facing many mortgage payers.
Categories: Money

Interest rates set to rise for 13th time in a row

BBC Money News Feed - Thu, 06/22/2023 - 08:22
Interest rates are expected to go up to 4.75% from 4.5% as the Bank tries to slow soaring prices.
Categories: Money

Most university students working paid jobs, survey shows

BBC Money News Feed - Thu, 06/22/2023 - 07:45
There has been a big increase across the UK in the number of students earning money, research reveals.
Categories: Money

Warning homeowners face 20% drop in disposable income

BBC Money News Feed - Wed, 06/21/2023 - 15:03
Some 1.4 million mortgage holders will see their disposable income fall by more than 20%, a think tank says.
Categories: Money

Interest rate rise expected after UK inflation shock

BBC Money News Feed - Wed, 06/21/2023 - 13:59
Interest rates are expected to be raised on Thursday after figures revealed inflation did not fall in May.
Categories: Money

WH Smith, M&S and Argos failed to pay minimum wage

BBC Money News Feed - Wed, 06/21/2023 - 06:39
More than 200 firms face penalties and must repay workers after breaches hit 63,000 people.
Categories: Money

Mortgage crisis: 'We can't pay an extra £1,400 a month'

BBC Money News Feed - Wed, 06/21/2023 - 00:10
Homeowners say they are scared for the future, with no end to the mortgage crisis in sight.
Categories: Money

Jeremy Hunt rules out government help on mortgages

BBC Money News Feed - Tue, 06/20/2023 - 15:04
The chancellor says help for mortgages would fuel further inflation but will meet lenders this week.
Categories: Money

Millions to receive cost of living payment

BBC Money News Feed - Tue, 06/20/2023 - 10:46
People with disabilities will get a one-off £150 payment from Department for Work and Pensions.
Categories: Money

Cost-of-living payments: Who is getting them and when?

BBC Money News Feed - Tue, 06/20/2023 - 09:57
Low-income households, pensioners and some disabled people will get extra help with energy bills.
Categories: Money

People turn to microwave meals as food prices soar

BBC Money News Feed - Tue, 06/20/2023 - 08:58
People are thinking more about what they eat and how they cook, research shows.
Categories: Money

Rent takes up biggest share of pay for 10 years

BBC Money News Feed - Tue, 06/20/2023 - 00:07
Tenants are spending 28% of their earnings on rent, the biggest proportion for a decade, new figures show.
Categories: Money

Mortgage deal: Average two-year fix now above 6%

BBC Money News Feed - Mon, 06/19/2023 - 09:03
It is the first time since December that the rate has been as high as 6%, driving up costs for homeowners.
Categories: Money

Mortgage help 'under review', says Michael Gove

BBC Money News Feed - Sun, 06/18/2023 - 17:13
Michael Gove was asked about what whether any help would be given to those struggling with payments.
Categories: Money

Mortgages to go up by average of £2,900 a year for 800,000, says Resolution Foundation

BBC Money News Feed - Sat, 06/17/2023 - 15:39
Rising rates means those looking to remortgage will pay £2,900 a year more in 2024, a think tank says.
Categories: Money

Energy bills support took too long to get to people - MPs

BBC Money News Feed - Fri, 06/16/2023 - 12:58
About 1.7 million people were left waiting months for help due to government’s "lack of bandwidth".
Categories: Money

Average two-year mortgage rate close to 6%

BBC Money News Feed - Fri, 06/16/2023 - 11:53
Lenders have been increasing the cost of new fixed-rate deals rapidly during a tumultuous week.
Categories: Money

Nationwide latest lender to raise mortgage rates again

BBC Money News Feed - Thu, 06/15/2023 - 17:19
One broker describes the current situation as a vicious circle as the mortgage maelstrom continues.
Categories: Money

Energy saving to return to prevent winter blackouts

BBC Money News Feed - Thu, 06/15/2023 - 11:49
National Grid says that the Russia-Ukraine war poses a risk to future energy supplies.
Categories: Money

Sainsbury's cuts toilet paper prices as pulp drops

BBC Money News Feed - Wed, 06/14/2023 - 10:33
Retailers are facing growing pressure to do more to help people with the soaring cost of living.
Categories: Money

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