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Nationwide became the flender to hike its fixed-rate deals yesterday, with the bank s two-year rate rising to 5.59 per cent - more than double the 2.54 per cent it was offering three months ago. ....
Terrified homeowners have already begun putting their properties back on the market following seven interest rate rises this year, amid fears it could climb to 6 per cent in the first half of 2023. ....
Concerns inflation would surge higher led analysts to warn that interest rates may hit 6% next spring for the first time since the turn of the century. ....
Concerns inflation would surge higher led analysts to warn that interest rates may hit 6% next spring for the first time since the turn of the century. ....
Experts are warning motorists to shop around for petrol as prices are set to rise sharply this month. According to the RAC, the average price of unleaded petrol now stands at £1.29 a litre and for diesel it is £1.32 a litre. These prices are some 20 per cent higher than a year ago, when the country was in the grip of the pandemic. Simon Williams, a press officer at the motoring organisation, says: Oil supply was dramatically cut at the start of the pandemic last year and while demand is now rising as more cars get back on the road we still face a lag in supply – which helps explain the price hike. ....