Rachel Reeves warns of tax rises despite best growth in G7
Chancellor reiterates need to take ‘tough decisions’ after British economy grows by 0.6pc
![Ms Reeves says the new Government 'is under no illusion' regarding the scale of challenges ahead](/https/www.telegraph.co.uk/content/dam/business/2024/08/15/TELEMMGLPICT000365784060_17237119231850_trans_NvBQzQNjv4Bq5nMzPKjZCwNbx4gyVbJoeb4nFGH9KGlX0ntxeUWd1Dg.jpeg?imwidth=350)
Chancellor reiterates need to take ‘tough decisions’ after British economy grows by 0.6pc
Major banks slash ‘lock-in period’ for loan offers as rate cuts intensify
Borrowers can only expect a ‘very gradual decrease’ in mortgage costs
Borrowing rates could fall to as low as 3.5pc by end of the year, experts say
Telegraph Money outlines the knock-on effects in store for your mortgage and savings
The former PM says she and her mini-budget were “not responsible” for the 2022 mortgage rate rise
Former prime minister says Civil Service is hostile to Tory thinking after ‘blatant attacks’ on her mini-Budget
Promises of higher wages for the low paid threaten to stoke price rises once again
Time is running out – preserve your capital, from high risk to low
Crisis was compounded by pension funds’ sell-off, Bank of England researchers find
Homeowners on cheaper deals risk falling behind on bills after refinancing, warns IFS
Treasury says there are enough in circulation already for the country’s needs as calls grow to scrap the penny
Consumer price index growth fails to drop in June, despite economists’ forecasts
‘Brisk’ wage growth in advanced economies is driving up the price of services
Live music price rises that month, driven by singer’s monster Eras tour, may have had an detrimental impact on economy, it is claimed
Bank forecasts suggest inflation is likely to pick up again in the latter half of the year
Goldman Sachs upgrades forecasts for UK economy after Labour election victory
Top central bank warns ‘it is too soon to declare victory’ against price increases
Global financial stability at risk from looming elections around world, officials fear
Labour’s financial firepower stands to benefit from a simple change to the bond-selling process
Banks are expected to offer lower returns to savers following imminent interest rate cuts
Home loan cuts raise hopes interest rates will fall as early as August
Sales remain below the 10-year average with cash-buyers dominating purchases