A RISE in VAT would hit the poor, threaten jobs and lead to more expensive mortgages, union leaders warn today. The TUC criticised aVAT rise as one of the ‘least progressive’ ways the government could tackle its debts. And experts warn that it could cost the average household £425 a year. Ahead of next...
Posts Tagged ‘ Mortgage rates ’
Bank of England Rate Held at 0.5%
The Bank of England’s Monetary Policy Committee has voted to keep base rate at 0.5% this month, marking the one-year anniversary of record low interest rates. The MPC has also decided not to extend its quantitative easing programme beyond the £200bn it has already spent on buying up assets to boost the economy. Minutes...
Bank of England Base Rate Update
Bank of England Base Rate Update You may be aware that the Bank of England today decided to maintain the Base Rate at 0.5% for the 11th consecutive month. Mortgage rates have also remained stable over the initial 5 weeks of the year with a slight reduction in Fixed Rates, as lenders try and...
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