London, UK. 10th August, 2023. The Bank of England building in Threadneedle Street in the City of London. The Bank of England raised interest rates to last week in an attempt to keep inflation down. Some home owners are now having to pay higher mortgage interest rates, however, Britain’s biggest mortgage lender, Halifax has announced that it will cut rates on fixed-rate mortage deals by per cent from tomorrow, Friday 11th August. The Bank of England has warned businesses and households that the cost of borrowing will remain high for at least the next two years. Some economists are w
London, UK. 10th August, 2023. The Bank of England building in Threadneedle Street in the City of London. The Bank of England raised interest rates to last week in an attempt to keep inflation down. Some home owners are now having to pay higher mortgage interest rates, however, Britain’s biggest mortgage lender, Halifax has announced that it will cut rates on fixed-rate mortage deals by per cent from tomorrow, Friday 11th August. The Bank of England has warned businesses and households that the cost of borrowing will remain high for at least the next two years. Some economists are warning that the increase in interest rates may tip the UK into a recession. Credit: Maureen McLean/Alamy Live News
Size: 4500px × 3000px
Location: London, UK
Photo credit: © Maureen McLean / Alamy / Afripics
License: Licensed
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