To understand how the economy impacts your life, it's time to take an interest in interest.
Bank of England Governor Mark Carney has warned that the country is not prepared for a no-deal Brexit and that it faces its worst economic growth in 2019. If a Brexit deal is reached, however, the Bank of England would raise interest rates, which stand at 0.75 percent.
Boring? A bit. Important? Incredibly.
The extra help unemployed people got during the Great Recession has emboldened states to mistreat them
The SARB's monetary committee will meet on Thursday.
As hinted at many times since the start of October, Bank of England Governor, Mark Carney has announced the first increase
Shadow housing minister says interest rate hike will also heighten risk.
Plans to scrap a government mortgage help scheme - coupled with a hike in interest rates - could push millions of families
The Government has already trebled the time people who can't keep up their mortgage payments must wait for help from 13 weeks to 39 weeks. Now Ministers are set to change this support from a benefit to an interest-bearing loan. Another loan is no good if you can't keep up with the loan you've already got. This is exactly the wrong time to remove help with meeting mortgage costs when the risk of repossession looms.