What is happening to UK interest rates?

Taxes on UK workers have risen at fastest rate in rich world, says OECD

Survey by global economic forum shows ‘tax wedge’ in Britain increased to 32.4% of income in 2025Business live – latest updatesTaxes on workers in Britain rose at the fastest rate among the world’s richest economies last year, according to the Organisation for Economic Cooperation and Development.With Labour under pressure on the economy amid the Iran war, the OECD said a key measure of the total tax paid by workers and their employers rose by t…

Mortgage rates sink again, and homebuyers jump back in

Mortgage demand continues to rebound as rates move slightly lower.

What is happening to UK interest rates?

The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.

Mortgage rates in biggest fall for over a year despite inflation shock

In a boost for millions of borrowers, the average two-year fixed rate fell from 5.87 per cent to 5.83 per cent while a typical five-year deal dipped from 5.76 per cent to 5.73 per cent.