What Higher Interest Rates Mean for Mortgages, Credit Cards and More Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
U.K. Inflation Rate Slows to 7.9 Percent The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.
As Sunak Makes His Case to Britons, the Economy Could Undermine It Britain’s Conservative government faces a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
Why Britain’s Mortgage Holders Are Being Squeezed The Bank of England’s campaign to curb inflation is pushing up monthly payments for millions of homeowners.
U.K. Inflation Remains Stuck at 8.7 Percent The rate, which had been expected to edge lower in May, shows that Britain’s cost-of-living persists, and is likely to prompt the Bank of England to raise interest rates again.