Interest rate rise

The Bank of England has raised interest rates for a 13th consecutive time as it tries to stop prices rising so quickly. The Bank rate, set by the Monetary Policy Committee, has gone up to 5% from 4.5%.The rise means further pain for some homeowners, however could benefit savers. The Bank of England have been consistently raising interest rates in an attempt...

Energy regulator Ofgem have announced the new energy price cap, with energy prices set to rise by 5% on average from this coming January. It means energy prices remain shockingly high, with most households continuing to pay more on their energy bills than last year.The price cap changes every three months and had infact fallen in recent months. However from...

Chancellor Kwasi Kwarteng has confirmed a permanent stamp duty cut in the mini-Budget announced this morning. The government is reforming stamp duty by doubling the level at which people begin paying this from £125,000 to £250,000. This government is also committed to helping first-time buyers get on the property ladder. They are increasing the...