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THE TRUTH ABOUT: 37 - The Untold Story

Growing UK’s services-based economy was never going to be easy

High interest rates are needed to reduce wage inflation but productivity improvements are harder to chisel out

The Guardian - UK

Global Banks Experience Operational Disruptions Due To Technical Issues

Major banking institutions globally facing disruptions, while Bank of England remains unaffected. Stay informed about the latest developments in the bankin...

Top News

International economics experts intervene in Scottish currency debate

ECONOMISTS from across the globe attended a conference at Leeds University this week – with many having something to add to the debate on…

The National (Scotland)

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Bank of England hit by 'global payment issue' that could affect house sales

THE Bank of England has been hit by a "global payment issue" affecting its CHAPS service.

The National (Scotland)

Hot wage rises put changes of August interest rate cut into the shade

September looks more likely to provide the moment the cost of borrowing comes down from a 16-year peak

Evening Standard

UK jobs market cools again as wage growth slows

Interest rate cut hangs in balance after ONS figures show annual pay growth eased to 5.7% in three months to May

The Guardian - UK

House prices up year-on-year for third month in a row in May

May’s annual increase in UK house prices followed eight months of falls.

The Independent UK

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UK inflation stays at 2% target in June, leaving possible rate cut on a 'knife edge'

Inflation in the U.K. held steady at the Bank of England’s target rate of 2% in June

The Independent UK

UK Inflation Holds Steady At 2%, Rate Cut Possible

UK inflation remains at 2%, Bank of England faces decision on interest rates amid concerns of inflation resurgence.

Top News

UK inflation stays at 2%, defying forecasts of a further dip; pound rises to $1.30 – as it happened

Economists talk of Taylor Swift effect on prices, but say Bank of England is likely to be more worried about sticky services inflation

The Guardian - UK

Hopes of August rate cut fall after UK inflation stays at 2%

‘Taylor Swift effect’ on hotel prices partly blamed for UK inflation defying forecast drop

The Guardian - UK

BoE should ‘stop squeezing living standards’ and cut rates, says policymaker

Swati Dhingra says Bank of England’s monetary policy committee should lower interest rates in August

The Guardian - UK

Number of agreed UK house sales over past month ‘up 15% on 2023’

Buyers not fazed by election or Euro 2024, says Rightmove, as ‘gamechanging’ interest rate cuts anticipated

The Guardian - UK

Hopes of interest rate cut dashed by Bank of England economist

Huw Pill says he is uncomfortable with persistence of inflation

The Guardian - UK

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The National (Scotland)

I listened to Rachel Reeves's first big speech – it was a total waste of time

OUR new Chancellor of the Exchequer concluded her first major speech in that role by saying "there is no time to waste". I wish she would…

The Conversation

Millions benefited from mortgages fixed at low prices – now many are struggling with much higher monthly payments

The impact of higher mortgage costs is now biting hard. Three million UK households face the prospect of having to renew their mortgage within the next two years as their fixed-rate periods come to an end. While nearly two-thirds of all borrowers have already remortgaged at more expensive rates, a…

The Independent UK

What Labour’s huge win means for pensions, mortgages and your finances

From renting to cost-of-living, here’s what it means

The National (Scotland)

King Charles £10 note sells for £17,000 – what you should look for

PEOPLE in the UK have been told to keep a close eye on their bank notes after a new King Charles III £10 note sold for £17,000 at auction ...

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Evening Standard

Marathon mortgages: Would you pay more interest over time in return for lower monthly payments?

The interest rates situation has seen a surge in interest in long-term mortgages that last up to 40 years

The Guardian - UK

She could soon be the UK’s first female chancellor – but who is Rachel Reeves?

The 45-year-old has the perfect CV for the role, with experience at the Bank of England and in private finance – but how has her background shaped her tough stance on public finances?

The Guardian - UK

UK house prices still unaffordable for many people, says Nationwide

High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflation

The Independent UK

House prices set to rise at slower rate than incomes, research shows

House price growth will ‘remain muted’ but property prices will remain generally unaffordable, Zoopla has said

The Guardian - UK

Global wave of elections could hit UK financial system, warns Bank of England

Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year

The Guardian - UK

Mortgage of first-time buyer tops £1,000 a month as house prices and rates rise

Average monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or ultra-long loans

The Guardian - UK

Tories did not lay waste the economy, but the myth suits Labour’s campaign message

Without minimising the challenges faced by Starmer and Reeves, it is actually not a bad time to be arriving in office

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