ITEM club urge interest rate cut to encourage growth
On the day when the UK Government is expected to announce inflation has hit record heights, an influential group of financiers has said the economic situation in the country has deteriorated over the last three months and drastic action is needed to redress the balance.
Rate more than double the target
The continuing spiral of increased costs affecting fuel, food, heating and home insurance quotes will be reflected in today’s latest inflation figures. Experts expect the […]
At a time when clarity in costing and pricing is becoming all important to the UK’s beleaguered homeowners, the tactics of Britain’s largest energy companies are being called into question.
Homeowners already paying record low rates of interest on their mortgages can breathe yet another sigh of relief after the Bank of England’s (BoE) Monetary Policy Committee decided to leave interest rates at 0.05% earlier this week.
Homeowners across the UK are feeling their financial purse strings gradually tightening as inflationary pressures continue to mount. The pursuit of cheaper home insurance, bargain buys at the supermarket, and cut price holiday offers are becoming ever more important for those who don’t want to see a drop in their standard of living.
A survey carried out for the High Street Bank, Halifax, reveals today just how disillusioned a generation of workers in the UK are, and how they view the prospect of purchasing homeowner insurance as an ever dwindling dream.
After last month’s pleasantly surprising drop in the UK Consumer Price Index (CPI) to 4%, homeowners were once more given cause for concern about a rise in interest rates when the figures for April showed an increase of 0.05% to 4.5%. The figure was just as surprising as the March ones really but altogether more unpleasant.
Homeowners looking to find an inflation proof home for their savings now have the chance to find such a place, courtesy of the Government financed National Savings and Investments (NS&I) department.
With the UK’s largest mortgage provider suggesting that house prices are beginning to drop significantly in price again, prospective buyers looking to purchase cheap home insurance on a property for the very first time may just see a glimmer of hope on the horizon.