Page 18 - Base Rate News Today

The average UK house price hit a new record of £375,131 in May, driven by pent-up demand and momentum from the Spring selling season, according to data released on Monday by Rightmove.

London stocks were set to rise at the open on Monday as investors mulled the latest UK house price figures.

London stocks edged higher early trade on Monday as investors mulled the latest UK house price figures and looked ahead to key inflation data later in the week.

London stocks were still in the black by midday on Monday, with miners pacing the gains as gold and copper prices jumped, as investors mulled dovish comments from the Bank of England’s Deputy Governor and looked ahead to key inflation data later in the week.

London stocks ended Monday in positive territory, with mining companies driving gains amid rising gold and copper prices.

HSBC, Barclays and TSB have all declared they are trimming the cost of home loans, amid growing optimism that the Bank of England will start lowering the base rate soon.

In a speech, Jeremy Hunt hailed the upturn in the economy and said he was keen to go further on trimming national insurance if it was possible to do so responsibly.

EXCLUSIVE: The move could save households hundreds of pounds on mortgage bills, but people shouldnt get complacent.

HSBC, Barclays and TSB revealed that they were cutting the cost of home loans - in the latest sign of relief for households, who are also benefiting from falling inflation .

HSBC, Barclays and TSB revealed that they were cutting the cost of home loans - in the latest sign of relief for households, who are also benefiting from falling inflation .