Latest posts
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UK Borrows £16 Billion in June — and Runs £2.7 Billion Ahead of the OBR Forecast
June borrowing fell sharply year on year, but the fiscal-year total of £57.6 billion is already £2.7 billion above forecast, with debt at 94.9% of GDP – the highest since the early 1960s.
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Mortgages Near 6.5% in the US, a Price War in the UK: What the Rate Scare Means for Your Money
With the Fed and Bank of England both deciding within ten days, US mortgage rates remain stuck near 6.5% while UK lenders cut sub-4% deals — and savers are quietly earning real returns for the first time in years.
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Ten Days That Could Reset Global Interest Rates: ECB Decides Thursday, the Fed Follows on July 29
For the first time since the 2022-23 inflation fight, the major central banks are debating hikes in unison. The ECB is expected to hold at 2.25% on Thursday, while markets treat the Fed’s July 29 decision as a near coin flip.