Bank of England

Martin Towers shares his business knowledge.

Interest rates may never return to near-zero in our lifetimes: Martin Towers

Rushbond has acquired the landmark Bank House office building in Leeds city centre - once the regional headquarters of the Bank of England.

Developer Rushbond acquires former regional headquarters of the Bank of England

Shadow chancellor Rachel Reeves

Autumn Statement: Rachel Reeves says workers are ‘worse off’ despite tax cuts

Chancellor of the Exchequer Jeremy Hunt on the BBC1 current affairs programme, Sunday with Laura Kuenssberg. Picture: Jeff Overs/BBC/PA Wire

Why Jeremy Hunt should expand tax-free health support for workers

A file photo of an online energy bill. PIC: Jacob King/PA Wire

Drop in inflation to be welcomed but concerns for families remain - The YP says

Prime Minister Rishi Sunak during a meeting of the new-look Cabinet following a reshuffle on Monday, at 10 Downing Street, London.

Inflation drop driven by factors outside Rishi Sunak's control: Victoria Scholar

Motivated sellers are dropping their prices

Asking prices drop but the housing market has performed better than expected

The parent firm of Primark has revealed a jump in profits and sales as shoppers continued to shop "enthusiastically" at the fashion chain despite price rises and budget pressures. (Photo by Danny Lawson/PA Wire)

Primark drives strong sales at AB Foods as shoppers shrug off price hikes

The Bank of England has made a new announcement on the interest rate. (Credit: Aaron Chown/PA Wire)

Bank of England announces that interest rate will remain at 5.25%

Terry Jones, head of BDO in Yorkshire and the Humber. Picture: Jay Cain

This is one of the biggest challenges for Yorkshire businesses, new report finds

Landlords are facing increases in their mortgage payments. Picture: Dominic Lipinski/PA Wire

Landlords increase rents as they face 40 per cent increase in mortgage interest

The former Governor of the Bank of England, Mark Carney

Ex-Bank of England Governor backs Rachel Reeves as next chancellor

Tips on how to sell your home in a quiet market

Getting the price right is now key when selling a home and here's how to do it

Andrew Milnes

Yorkshire mortgage expert reveals what the latest interest rate decision means

Richard Fearon, chief executive of the Leeds Building Society, who carried out the research.

Almost half a million first time buyers could miss out on a home

People carrying shopping bags.

UK at heightened risk of recession after key indicator shows market contracting

The Bank of England has announced a new interest base rate after an unexpected drop in inflation. (Credit: Getty Images)

Bank of England announces interest rates will remain at 5.25%

Liz Truss

Liz Truss defends her record as prime minister in think tank speech

A woman carries shopping bags through a shopping centre near Christmas time. PIC: Sean Gallup/Getty Images

Why are retailers already stocking their shelves for Christmas? - YP Letters

Housebuilder Redrow has posted falling annual sales and profits and warned it expects a steep drop in earnings over the year ahead as the property market remains "challenging and uncertain". Picture: Gareth Fuller/PA Wire

Redrow sees annual profits fall and warns over earnings in year ahead

Top tips to make the most of rising interest rates
A finance expert has revealed the 10 things every saver should consider doing to make the most of rising interest rates.

Actor Christopher Eccleston amongst stellar line-up of big name guest speakers at Leeds International Festival Of Ideas 2023

Ad Feature Why LIFI 2023’s stellar line-up is heading to Leeds to put the world to rights

Liz Truss and Kwasi Kwarteng's Mini Budget was not the cause of interest rates hikes, it has been claimed. (Photo by OLI SCARFF/AFP via Getty Images)

'Don't blame Liz Truss's Mini Budget for interest rate hikes', economist says

House builders at work in Harrogate. PIC: Gerard Binks

Dealing with skills shortage is key to kick starting the economy - YP Letters

Day two of Leeds Festival 2023 at Bramham Park. PIC: Mark Bickerdike

Sympathy for rural residents in the vicinity of Leeds Festival - Sarah Todd

It has been revealed that the cost of a typical house is 6.7 times average earnings in Britain despite the recent slowdown in the property market, according to new figures (Photo Dominic Lipinski/PA Wire)

'Homes are more affordable but borrowers are stretched by mortgage costs'

Library image of former Governor of the Bank of England Mark Carney, with a concept image for the 20 pound bank note. (Photo supplied by PA/Anna Gordon/Turner Contemporary)

Former Bank of England boss Mark Carney to head up Bloomberg board

Andrew Milnes

Reflecting on the latest interest rate decision and on what’s next

Last month, building products supplier Marshalls revealed it was axing around 250 jobs. (Photo of London Stock Exchange by PA)

Marshalls warns that challenging environment is expected to persist into 2024

There is speculation that rates - which stand at 5.25 per cent - could peak below six per cent, a shift down in expectations from just a few months ago, says Beckie Hart of the CBI (Photo supplied by CBI)

Business can strike an optimistic note as autumn looms: Beckie Hart of the CBI

Steve Harris is regional director for the North and Scotland at Lloyds Bank. PIC: Paul Adams

Businesses need to prepare for life after inflation - Steve Harris

A general view of the Bank of England in central London. PIC: Yui Mok/PA Wire

What are interest rates and how will their movement affect you? - Mark Fleet
Anyone watching the news in recent months will probably have seen several stories about interest rates in the UK, most likely about how high they've risen (although they did fall to 7.9 per cent in June, from 8.7 per cent in May).

Housebuilder Taylor Wimpey has cautioned that higher mortgage rates have increased concerns over whether potential customers can afford to buy. (Photo by Dominic Lipinski/PA Wire)

Taylor Wimpey reveals demand has been knocked by rising mortgage rates

Financial risks to consider when buying a home

Here are the financial risks to be aware of when buying a home

Ben Kimball shares his expert insight.

Opportunities still remain despite rising cost of borrowing: Ben Kimball

Baroness Ros Altmann is a British life peer and former pensions minister. PIC: Jonathan Brady/PA Wire

The Government can help revive a savings culture in this country - Ros Altmann

China and the UK have opposing inflationary challenges

Why China's inflation dilemma is opposite to the UK's: James Eades

Housebuilder Vistry Group has said the number of homes it built in the first six months of the year slowed as higher interest rates pushed down how quickly it could sell properties. The business said it had seen a further slowdown in sales on the open private market over recent weeks as the Bank of England’s base rate was hiked yet again.
(Photo by Aaron Chown/PA Wire)

Housebuilder Vistry reveals that interest rates weighed on sales in recent weeks

Jen Siebrits offers her expert insight.

Worst is now behind us as inflation continues gradual decline: Jen Siebrits

Andrew Gray is a lawyer and entrepreneur. He is standing as an independent candidate in the upcoming Selby and Ainsty by-election.

An opportunity to reboot democracy in the Selby by-election - Andrew Gray

David Higgins shares his expert insight. Picture: Paul Adams

Crumbs of comfort to be found amidst grim insolvency figures: David Higgins

Surging house prices and pension values have largely benefited older generations with many young people locked out of home ownership altogether, according to the Resolution Foundation.

House prices could fall by 25% in ‘new normal’ for homeowners

Andrew Milnes Business Principal at the MOrtgage Advice Bureau Bingley

Advice on buying a home with the help of mum and dad

Woman hold key house keychain in new apartment. (Pic credit: AdobeStock)

Cheapest neighbourhoods in Yorkshire to buy a home right now

MJ Gleeson has become the latest housebuilder to see higher borrowing costs dampen demand for new homes, as the proportion of first-time buyers shrinks. Picture: MJ Gleeson

Housebuilder reports shrinking first-time buyer numbers as mortgage rates surge

Underneath the surface of a wealthy lifestyle, an awful lot of higher earners are actually suffering from very real financial issues – including a worrying level of debt, says Sarah Coles ( Photo by Joe Giddens/PA Wire)

Why even high earners can fall into debt: Sarah Coles

Higher mortgage rates have pushed UK housebuilding into a steep downturn, helping to reverse a period of growth for the wider construction sector last month.

Housebuilding slump drags construction sector into decline

Mark Fleet is CEO of Leeds Credit Union.

How credit unions can help during school summer holidays - Mark Fleet

US President Joe Biden speaks during a joint press conference with Prime Minister Rishi Sunak. Picture: Kevin Lamarque/PA Wire

Joe Biden's export controls raise questions for microchip giants: James Eades

Ros Altmann says businesses need to reduce their profit margins. Picture: Jonathan Brady/PA Wire

Businesses should curb profit margins as payback for Covid support: Ros Altmann

Striking a deal at the Property Buying Company

Why using property buying firms to sell homes fast at a discount is on the rise

Prime Minister Rishi Sunak during a PM Connect event at the IKEA distribution centre in Dartford, Kent. Picture: Kin Cheung/PA Wire

Inflation remains the number one issue for Yorkshire businesses: Beckie Hart

Sainsbury’s has unveiled £15 million of price cuts on items including rice and pasta.

Sainsbury's unveils £15 million of price cuts across cupboard essentials

Chancellor Jeremy Hunt. Photo by Jordan Pettitt/PA Wire

Jeremy Hunt asks public to be "patient" as inflation continues

A view of the Bank of England as it raised interest rates for the 13th time in a row after disappointing inflation figures showed price rises have not eased. PIC: Aaron Chown/PA Wire

Pressure needs to be applied on banks to get a grip on mortgages - The YP says

A commuter walks through heavy rain near the Bank of England, London.

Bank of England increases interest rates for 13th time in a row

Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, according to a think-tank. PIC: Yui Mok/PA Wire

Holding back on mortgage support is the right thing to do - Jayne Dowle

PEXA Group CEO Glenn King is pictured with Mayor of West Yorkshire, Tracy Brabin

Global technology company PEXA to establish new UK headquarters in Leeds

Regional business confidence is being assessed for a new survey

Firms urged to complete Yorkshire Business Confidence survey

Library image of Chancellor of the Exchequer Jeremy Hunt leaving 11 Downing Street, London, with his ministerial box before delivering his Budget at the Houses of Parliament. Picture: Stefan Rousseau/PA Wire

Answers that can ease a taxing burden for British workers - Sarah Coles