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Surging interest rates to batter incomes of more than 1 4m people

Surging interest rates will hammer the disposable incomes of almost 1.4 million people as mortgage rates jump, the Institute for Fiscal Studies (IFS) has warned.

City ofUnited kingdomTom wernhamInstitute for fiscal studiesFiscal studiesDisposable incomesMortgage ratesInterest ratesDiscretionary spendingCurrent mortgage ratesInstitute for fiscal studiesMortgage costsMortgage borrowers

Surging interest rates to batter income of more than 1 4m people

Surging interest rates to batter income of more than 1 4m people
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City ofUnited kingdomTom wernhamInstitute for fiscal studiesFiscal studies

Rishi Sunak warned homeowners face serious shock as Bank of England poised to raise interest rates

Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates

United kingdomAndrew sentanceAndrew baileyJonathan gullisJeremy huntRos altmannLukasz krebelJake berryTom wernhamAbhinay muthooInstitute of fiscal studiesNational institute for economicEconomics foundationUnited kingdom financeFiscal studiesSir jake berry

How the SNP and Nicola Sturgeon drove the wealthy out of Scotland

Experts warn Scotland faces ‘brain drain’ as a result of Sturgeon’s tax policies

Northern irelandUnited kingdomNicola sturgeonPeter murrellLiz cameronHumza yousafChris etheringtonShona robisonRedfield wiltonTom wernhamFraser allander instituteScottish green partyInstitute for fiscalScottish national partyFirst minister nicola sturgeonScottish national

Nearly a third will lose out by 2025 in stealth raid on parents, experts say

Jeremy Hunt froze the £50,000 threshold at which parents start losing the benefit in last week s Budget. But an estimated 2.5million middle-class families will still lose some or all of their entitlement.

United kingdomKarl handscombJeremy huntTom wernhamSteve webbResolution foundationInstitute for fiscal studiesFiscal studiesSir steve