UK Mortgage Rates Expected to Stay High Amid Inflation Concerns
Economic policies from the UK Budget and Trump's election victory are poised to maintain elevated mortgage rates, impacting homeowners and the broader economy.
- Economists warn that Rachel Reeves's Budget and Donald Trump's US election win could prolong high mortgage rates in the UK.
- The Bank of England's recent interest rate cut may slow further reductions, with rates potentially only reaching 3.5% by early 2026.
- Trump's potential tariff policies could contribute to global inflation, affecting UK economic conditions and interest rates.
- The UK Government faces increased pressure to address the cost of living as inflation concerns grow following Trump's victory.
- Critics argue the Bank of England has misjudged the inflation risk, potentially compromising its independence with politically influenced decisions.
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The Telegraph 
The Independent 
Evening Standard 