Bank of England

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%

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%

Top tips to make the most of rising interest rates

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

But for the lucky few who can afford to splash out on a new property, certain areas of Wakefield could have what they are looking for - from spacious rooms to the latest mod cons.

House prices in Wakefield: The 14 most expensive neighbourhoods to buy a home

Getting onto the property ladder has been challenging for many years, but rising interest rates are making it even tougher.

House prices in Wakefield: The 17 cheapest neighbourhoods to buy property

Wakefield MP Simon Lightwood has said over 9,000 families in Wakefield are to be hit by annual mortgage increases.

More than 9,000 families in Wakefield hit by mortgage rate hikes

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

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

Interest rates are set to rise again

Millions of homeowners issued warning as mortgages set to rise again

A Martin Lewis fan revealed how they are to be £2,330 better off after acting on the consumer champion’s advice and making just one phone call.

Martin Lewis fan shares how one phone call made her £2,330 better off

Some bank notes are no longer legal tender, as well as old-style £1 coins - but don’t worry, as you can still exchange them at these banks and other places.

Banks that will still exchange old £1 coins as well as £10 & £20 notes

Bank of England impose another interest rate hike

The cost of a two-year fixed-rate mortgage in the UK rose above 6 per cent on Monday.

Mortgage rate increase: The help available if you can’t pay

There are 10 major money changes coming up which could all affect your finances in May.

10 major money changes to be aware of in May

King Charles III (Photo by Jonathan Brady - WPA Pool/Getty Images)

New banknotes with image of King Charles not ready for circulation

Interest rates will go up for the 11th consecutive time as the Bank of England is set to confirm an increase of 0.25% - Credit: Adobe

Bank of England to raise interest rates in bad news for mortgages
The Bank of England has increased interest rates for an 11th consecutive time in the last 18-months following a sharp rise in inflation.

HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK) for as little as £1, securing the deposits of more than 3,000 customers worth £6.7 billion.

HSBC buys Silicon Valley Bank UK

The UK economy has avoided a recession

UK economy avoids recession in second half of 2022

A digital pound could be introduced this decade

Digital pound could come this decade say Treasury and Bank of England

Interest rates have increased to 4%

Bank of England raises interest rates to 4% amid cost of living crisis

he new bank notes bearing the image of King Charles III are set to go into circulation in mid-2024. Pic: Bank of England.

King Charles III bank notes unveiled by Bank of England

Autumn Statement 2022: What time is Jeremy Hunt’s budget and how to watch it live online and TV

How to watch Jeremy Hunt’s Autumn Statement

Kwasi Kwarteng refused to apologise for the impact of the mini-budget on the people.

Kwasi Kwarteng says he warned Liz Truss of her downfall

Bank of England warns UK will fall into longest recession in history unless it ‘acts forcefully now’

Bank of England warns UK could fall into longest recession in history

Jeremy Hunt will make an emergency statement today (Photo: Getty Images)

More mini-budget U-turns expected in chancellor Jeremy Hunt statement

Members of the public in front of the Bank of England on October 3, 2022 in London, England

Bank of England intervenes a second time to calm markets

Kwarteng’s proposed tax cuts left a big hole in public finances that can only be filled by more savage cuts to public spending. Photo: Getty Images

Jon Trickett MP: The Tories are sinking our economy
In all my years in parliament, I have never seen a budget fall apart as quickly as Kwasi Kwarteng’s ‘Growth Plan’.

"We must stop people making profit at our expense - we need a windfall tax, a wealth tax, and to nationalise our essential services."

Old £20 and £50 paper banknotes will no longer be accepted in shops

In his first test as Chancellor, Kwasi Kwarteng is set to announce a mini budget this morning (September 23)

What could be announced in today’s mini-budget?

The Bank of England plays a major role in influencing the value of the pound and how much it costs to borrow (image: Adobe)

UK interest rate hike: Bank of England reveals biggest rise since 2008

Brits have until 30 September to spend or deposit their £20 and £50 paper banknotes, the Bank of England has warned. (Credit: Adobe)

People only have 100 days left to use £20 and £50 paper banknotes

Borrowers will not be as heavily scrutinised by mortgage lenders under new Bank of England rules (image: Getty Images)

What new UK mortgage affordability test rules could mean for you

6 money changes to be aware of in May - and how they will affect you

This what the new £20 note will look like (Photo: Bank of England)

How to spot a fake £20 note and what you should do if you get one

Very few bank notes around the world feature women (photo: Unsplash)

It's International Women's Day but just 12 per cent of world's bank notes featur...

The National Minimum Wage will rise from April adding an extra 82p to hourly pay (Getty Images)

The National Minimum Wage is changing from April 1 - how it will impact you

A third of Brits fear they won’t be able to afford their current lifestyle if th...

Affected customers will see their phone and broadband bills go up by an extra £3.50 per month (Photo: Shutterstock)

BT customers face 9% price hike from March amid cost of living crisis

Angela Terry with EV charger to be a common sight outside all new build homes (photo: @JonCraig_Photos)

Saving the planet - how we can all do our bit

A view of the facade of the Bank of England in central London on November 5, 2020. - The Bank of England on November 5, 2020 unveiled an extra £150 billion in cash stimulus and forecast a deeper coronavirus-induced recession for the UK as England begins a second lockdown. (Photo by Ben STANSALL / AFP) (Photo by BEN STANSALL/AFP via Getty Images)

Why millions of households ‘could face higher mortgage payments after Budget’

Some mortgages could go up in price if the base rate of interest goes up on 4 November (image: Shutterstock)

Martin Lewis urges homeowners to do these 3 things before mortgages soar

New £20 note. (Pic: Getty)

This is when old £20 and £50 notes go out of circulation and who features on the...

Alan Turing features on the new £50 note

Alan Turing is the new face of the £50 note - here's why

NHS data shows 89,240 people had received both jabs by May 2 – 32% of those aged 16 and over, based on the latest population estimates from the Office for National Statistics.

More than 89,000 people in Wakefield are now fully vaccinated against Covid-19

The new £50 note featuring scientist Alan Turing which will be issued for the first time on 23 June

The Bank of England has revealed the new Alan Turing £50 note

The contactless payment limit will increase from £45 to £100 (Photo: Shutterstock)

The contactless payment limit will increase to £100 this year - what you need to...

How to be better with money in 2021 - from budgeting to reducing debt

18 branches will be closed by 1 December 2020 (Photo: Shutterstock)

The Co-Operative Bank is closing 18 branches and cutting 350 jobs - here’s the f...

Landlords and letting agents were able to charge unlimited amounts for fees before the law change (Photo: Shuttertock)

Landlords are now banned from charging all renters for viewings, credit checks a...

Here are five ways that locked-down Brits can save money

Cutting rates below 0.1 could help to boost spending and lending (Photo: Shutterstock)

This is how negative interest rates work - and how they could help the economy r...

The Wakefield-based firm said cash management is a key area of focus during these uncertain times, whilst it protects the longer-term prospects of the business.

Card Factory applies for Bank of England funding after 90 per cent of staff furl...

The economy's base rate is historically low - but what does that mean for your m...

Everything you need to know about remortgaging in the current economic climate -...

Credit card firms are to relax debt charges for customers during the coronavirus...