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Mortgage Strategy

INFLATION INCREASES TO 10.4% IN FEBRUARY: ONS – MORTGAGE STRATEGY

Inflation in the UK was 10.4% in February, the latest data from the Office for National Statistics (ONS) reveals. February’s figure is up from the 10.1% reported in January but down from a peak of 11.1% in October. The largest upward contributions came from restaurants and cafes, food, and clothing, partially offset

The Times

POWDERKEG AMONG FIRMS FIGHTING TO KEEP A LID ON RISING PRICES

For Powderkeg, an independent brewer based in Exeter, rising energy costs have come along with higher prices for industry staples including malt, aluminium, glass, cardboard and carbon dioxide.“It’s a lot of work to just keep up, watching prices and shopping around,” said Jess Magill…

Shropshire Star

FEARS OVER ANY REDUCTION IN RELIEF

Shropshire businesses say the uncertainty which has surrounded the government’s energy support plans has had a big impact in their long-term planning

Business Live

SLASHED ENERGY BILL SUPPORT A ‘HAMMERBLOW’ FOR SOUTH WEST FIRMS

Business leaders across the region have welcomed the continued support from the government, but have warned it may not be enough to save struggling smaller firms

Daily Express

UK GOVERNMENT RELEASES NEW ENERGY SAVING ADVERT

The new energy bill support scheme for businesses has been scaled back after warnings the current package is too expensive to sustain.

HOPE STILL FOR 2023 – BANK OF ENGLAND CHIEF GIVES GLIMMER OF OPTIMISM

The new energy bill support scheme for businesses has been scaled back after warnings the current package is too expensive to sustain.

iNews

MORE AND MORE BUSINESSES ARE THROWING IN THE TOWEL

The number of companies going under is up sharply compared to a year ago, as HMRC and many banks have started to play hardball At 7am on Tuesday, the Office for National Statistics published the latest official labour market data, which showed that the unemployment rate between September and November 2022 increased by 0.2 per cent to 3.7 percent – a clear sign of the growing …

IFA Magazine

UK INFLATION UNEXPECTEDLY JUMPS TO 10.4% IN FEBRUARY – ADVISERS AND MORTGAGE EXPERTS SHARE THEIR RESPONSES

With the latest UK inflation data published this morning showing an unexpected jump to 10.4% to the end of February from 10.1% in January, it will not only give the Bank of England’s MPC lots to think about ahead of their interest rate decision tomorrow, but also for consumers it reminds us that the cost of living crisis is far from over.

MARCH INSOLVENCY DATA “PAINTS A BLEAK AND OMINOUS PICTURE OF THE ECONOMIC LANDSCAPE” – REACTION FROM BUSINESS FINANCE EXPERTS

Following the March company and individual insolvency statistics published by The Insolvency Service this morning, financial industry experts have commented. Ian Hepworth, director of Croydon-based Funding Solutions UK: “Increasing insolvencies are sadly a sign of the times, as macroeconomic headwinds continue to bite. The withdrawal of government support from businesses, higher interest…

UK LABOUR MARKET DATA – “FIRST FALL IN THE NUMBER OF PAYROLLED EMPLOYEES FOR OVER TWO YEARS IS A RED FLAG” – REACTION

Following the publication of the latest UK labour market data this morning, advisers and other industry experts have been sharing their thoughts with free PR

The Intermediary

UK LABOUR MARKET SHOWS MIXED TRENDS AMID ECONOMIC UNCERTAINTY

The UK’s employment rate saw a slight increase to 75.9% between January and March 2023, marking a rise of 0.2% from the previous quarter, according to the most recent data released by the Office for National Statistics. This uptick was largely driven by an influx of part-time employees and self-employed individuals.

Stourbridge News

HOPES RAISED THAT UPWARD PRESSURE ON MORTGAGE RATES COULD START TO EASE

A bigger-than-expected slowdown in inflation has fuelled hopes that the upward pressure on mortgage rates could start to ease. Consumer Prices Index (CPI) inflation was 7.9% in June, down from 8.7% in May and its lowest rate since March 2022, according to the Office for National Statistics (ONS).

The Independent

HOPES RAISED THAT UPWARD PRESSURE ON MORTGAGE RATES COULD START TO EASE

A bigger-than-expected slowdown in inflation has fuelled hopes that the upward pressure on mortgage rates could start to ease. Consumer Prices Index (CPI) inflation was 7.9% in June, down from 8.7% in May and its lowest rate since March 2022, according to the Office for National Statistics (ONS)

Belfast Telegraph

FALL IN INFLATION WILL LEAD TO AN EASING OF PAIN FOR MORTGAGE PAYERS: ECONOMIST

The Bank of England’s base interest rate should likely peak at 5.75% after inflation fell more steeply than anticipated in June, an economist has predicted. Consumer Prices Index (CPI) inflation was 7.9% last month, down from 8.7% in May and its lowest rate since March 2022.

Perspective Magazine

HOPES RAISED UPWARD PRESSURE ON MORTGAGE RATES COULD START TO EASE

A bigger-than-expected slowdown in inflation has fuelled hopes that the upward pressure on mortgage rates could start to ease. Consumer Prices Index (CPI) inflation was 7.9% in June, down from 8.7% in May and its lowest rate since March 2022, according to the Office for National Statistics (ONS).