When will the Bank Rate go down in 2024?

When will the Bank Rate go down in 2024?

Some leading experts have suggested that the Bank of England (BoE) could be forced to bring forward its first planned interest rate cut sooner rather than later in 2024 if inflation drops to 2% by April. Chief economist at Oxford Economics, Andrew Goodwin has expectations that the Consumer Price Index (CPI) will average 2.1% in […]

Protection is cheaper than expected

Protection is cheaper than expected

In a survey of UK workers, 37% of respondents thought life insurance and income protection cost more than they actually do¹. This is a significant oversight considering that 40% stated that affordability was key when deciding on a policy. Those surveyed estimated income protection to cost £35.20 per month, but the average is £24 for […]

Good news for housing and mortgages

After prospective and existing mortgage borrowers had a tough year in 2023, there looks to be good news on the horizon. In 2023, the cost-of-living crisis squeezed household budgets. Higher interest rates put pressure on those looking to take on mortgages for the first time, remortgage, or switch deals. According to UK Finance, more customers […]