Inflation falling is 'good news' but we 'shouldn't get too excited', former head of Treasury Lord Macpherson tells Andrew Marr
And as for mortgage rates, the expectation remains that they will continue to rise.
“And bear in mind that most mortgage holders are on fixed mortgages, which haven't been renewed for two, four, even five years. If those are coming up for renewal, your mortgage payments will be a lot higher than before.” And asked whether this was the end of cheap money, money borrowed at a low interest rate, Lord Macpherson said: “I think it is. I think central banks kept interest rates too low for too long, and over the last 18 months they've been playing catch up.
Mr Sunak said on Wednesday afternoon: "What we saw with the inflation figures is that our plan is working. I know things are difficult for people right now, but I'm determined to bring inflation down.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Interest rates: Sharp rise less likely after inflation surpriseThe Bank of England is under less pressure to put up interest rates after inflation fell from 8.7% to 7.9% in June.
Weiterlesen »
Inflation - latest: Inflation to fall in 7am announcement, experts predict - but will they be wrong again?Watch Breakfast with Kay Burley live: Inflation will fall to about 8.2% when figures for June come in, City economists predict 💷📉 Live updates on inflation figures ➡️
Weiterlesen »
Nicholas Rossi's extradition hearing postponed on 'medical grounds'Rape suspect Nicholas Rossi's extradition hearing has been postponed.
Weiterlesen »
Man detained on mental health grounds after lit object thrown at Boots shopperThe woman was taken to hospital after being struck by the object
Weiterlesen »
HM Treasury culls tech tools for a leaner data strategyJohn Kelly is building approach around Microsoft, but there's room for flexibility
Weiterlesen »
Banks face Treasury clampdown in Farage account closure rowLenders will be forced to give customers three months' notice of account closures and explain the reasons behind them under changes that could be unveiled as soon as this week, Sky News learns.
Weiterlesen »