Bank of England

Revere team

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No cheer for borrowers as rates held

The Bank of England in the City of London.

Interest rates: Hold for now but cheaper mortgages could be just weeks away

UK motorists have seen some of the lowest prices for petrol and diesel in four years.

Petrol price alert: How the Israel-Iran conflict will impact motorists

Savvy customers are swerving tactics such as 'shrinkflation' and 'skimpflation' when they shop (Picture: Justin Tallis/AFP)

Readers' Letters: Households are being fleeced by food manufacturers

Millions of us saw our bills stack up last month.

Inflation jumps to 3.5%: What it means for interest rates, mortgages and savings

Analysis What the rate cut means for mortgages and what you should do next

The Bank of England have cut UK interest rates.

Bank of England cut interest rates to 4.25%

MCC President Lord King is on the search for the next team of 11 Community Cricket Heroes to join him for a match in the President's Suite at Lord's.

MCC President calls on Scotland to nominate their Community Cricket Heroes

Savings

Could Trump’s tariffs push cash ISA rates higher for UK savers?

Policymakers are due to meet at the Bank of England, above, on May 8 but economic storm clouds have been gathering.

UK inflation: May 8 interest rate cut ‘sure bet’ but will mortgage costs fall?

Factories showed a particular turnaround in activity in the latest GDP data.

UK GDP: Surprise growth spurt likely to prove calm before tariff-induced storm

If lower interest rates lead to cheaper mortgages it could stimulate the housing market.

FTSE 100 rally: Cheaper mortgages may be ‘silver lining’ from Trump’s tariffs

Equity release restructures debt with no monthly repayments

One in four now use equity release cash to clear debt

Shoppers will have noticed that while some items have come down in price in recent months many are still rising.

UK inflation: Will a bigger-than-expected fall prompt an interest rate cut?

The Bank of England's monetary policy committee voted to hold the bank base rate at 4.5% at the March meeting but further cuts are expected before the end of 2025.

Interest rates: The impact on savings and mortgages and when rates will be cut

An eight meter long giant has appeared in Canary Wharf

A ‘giant’ made up of fake bank notes has appeared in Canary Wharf

A three-bedroom bungalow at Muir's Deer Pines development in Stanley, Perthshire

New-build homes are meeting the needs of today’s buyers

(Photo: Christopher Furlong/Getty Images)

Inflation hits 10-month high driven by travel and food cost increases

Fresh inflationary pressures will add to the money worries facing millions of people.

What now for interest rates as UK inflation jumps to 10-month high of 3%?

Chancellor of the Exchequer Rachel Reeves

SNP accuse Chancellor of ‘economic chaos’ despite surprise GDP growth

Analysis Why UK’s surprise growth is no cause for celebration as living standards slide

Scotland’s rank out of the 12 monitored nations and regions of the UK rose to sixth place in January, according to the latest Royal Bank of Scotland Growth Tracker.

State of the nation: How Scots firms are coping with cost and hiring pressures

The number of house transactions in Scotland climbed to 98,000 in 2024 and may rise further this year (Picture: Alistair Linford)

Where is the housing market headed in 2025?

Inflation may have eased but shoppers will have noticed that many prices are still rising. The Bank of England has warned that inflation is likely to rebound to 3.7% this year.

Stagflation: What it is and why we should all be concerned

Analysis Interest rate cut: The impact on your mortgage and savings and what happens next

(Photo: Dan Kitwood/Getty Images)

Bank of England cuts interest rates to 4.5% - what that means for you

Yields on 10-year gilts hit the highest point since 2008 on Thursday, at 4.89%, before settling later in the afternoon, sitting one basis point higher for the day at 4.82% when London’s market closed.

Analysis Gilts are volatile - should you be worried about your mortgage?

Retail giant Next has cautioned over slowing sales growth in 2025 and said it will need to hike prices due to the impact of recent Budget measures.

Why UK high street giant raised profit forecast despite Budget woes

Britain’s economy hit a number of major milestones in 2024 as lower inflation paved the way for the first interest rate cuts for over four years, but the path was far from smooth.

UK economy faces threat of ‘stagflation’ after bumpy 2024

The CalMac ferry to Rothesay, Isle of Bute (Picture: John Devlin)

Readers' Letters: Stop being unfair to ferries

The Bank of England has held interest rates at 4.75% as it cautioned over “heightened uncertainty in the economy” following the UK Budget and US presidential election.

Mortgage relief for Scots delayed for months with interest rates held

Analysts say food and drink inflation, added to fuel rises, have driven this bump in inflation.

Analysis What rates and inflation double whammy means just before Christmas

UK wage growth has risen for the first time in more than a year, but signs point to an ongoing cooling off in the jobs market amid mounting uncertainty following recent Budget measures.

Analysis How Budget changes and wage hikes are reshaping the UK labour market

The Chancellor of the Exchequer Rachel Reeves speaks to the media about the Office for National Statistics GDP stats for October during a visit to the Darwen Banking Hub in Darwen, Lancashire.

Experts react to UK’s economic contraction - what’s next for growth?

Analysis Inflation shock: What the rise to 2.3% means for your savings and borrowings

There has been an accumulated shortfall of 110,000 new homes since 2007, according to Homes for Scotland (Picture: Adobe)

Scottish Government has to invest in social housing

The Bank of England has cut interest rates for the second time in four months, after inflation fell back to normal levels earlier this year.

Explainer Why were interest rates cut and what does it mean for your mortgage?

Bank of England Governor Andrew Bailey (C) attends the central bank's Monetary Policy Report press conference at the Bank of England on 7 November 2024 (Photo: Henry Nicholls - WPA Pool/Getty Images)

Bank of England cuts interest rates again - what it means for you

UK Business insolvencies surge amid rising interest rates and energy price crisis

Ad Feature UK Business insolvencies surge amid rising interest rates

(Photos: Getty Images/Pexels)

Odds of a Premium Bonds win will worsen this year as NS&I cuts prizes

Inflation in the UK decreased last month to 1.7%, according to official data.

Interest rate cut ‘nailed on’ after inflation falls to three-year low
A fall in UK inflation below the Bank of England’s target rate of 2% “nails on” a cut in interest rates next month, economists have said.

(Photos: Getty Images)

UK inflation drops below Bank of England target: what it means for you

Chief Secretary to the Treasury Darren Jones

Explainer What surprise inflation drop means for spending, saving and mortgages

Bank of England policymakers face a delicate balancing act when it comes to future interest rate decisions.

Why Britain’s return to growth could put interest rate cut on hold

Higher crude oil costs are likely to feed through to higher prices at the pump for motorists, particularly if global tensions continue to escalate.

Middle East war: How a rising oil price will affect petrol, inflation and rates

A property on Raeburn Place, Stockbridge, Edinburgh, marketed by Rettie, which has released its latest house price research.

Scottish house price growth projection doubled to 3% and here’s why

These have been a stormy few months for rate-setters at the Bank of England, above.

Interest rate hold: The impact for borrowers and savers and when rates will fall

Analysis What 2.2% inflation means for rates, your mortgage and savings

Part of Springfield's Bertha Park Village development on the outskirts of Perth. Picture: Alan Richardson

Scotland’s only listed housebuilder says home sales on the rise again

Derek Fowlds, Sir Nigel Hawhtorne and Paul Eddington in Yes Minister. Are Scotland's councillors really part-time Jim Hackers at the mercy of full-time Sir Humphreys, as a reader suggests? (Picture: PA/BBC)

Readers' letters: Scotland's local councils are ripe for radical reform

City workers walk past the Bank of England in London (Photo: Leon Neal/Getty Images)

Inflation rises above 2% - what that means for consumers

The uptick in headline inflation in July 2024 was driven partly by a sharp drop in energy bills last July falling out of the year on year calculations.

UK inflation shock: What does a jump in prices mean for interest rates?

(Photo: DANIEL LEAL/AFP via Getty Images)

'Rare' banknotes featuring new King auctioned for nearly £1m

(Photo: Pexels)

NS&I launches new two- and five-year savings bonds

Why rents for prime offices in Edinburgh have jumped in the last year

The Scotsman Top Stories

Scotland has failed to meet its latest target for reductions in greenhouse gas emissions, the latest official figures show. Picture: John Giles/PA Wire

Fail: Scotland misses climate target

Pro-independence protesters with Scottish Saltire flags (top) march for Scottish independence. Picture: Andy Buchanan/AFP via Getty Images

Yousaf: Growing popular support for Yes the only way to Scottish independence

Nadine Dorries. Picture: Dan Kitwood/Getty Images

SNP MP cleared of bullying Nadine Dorries