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BBCNEWS BBC July 6, 2024

4.5%. risen by a quarter of a percent, that is from our economics editor, faisal islam, who has tweeted that. just getting that information in that, as expected, interest rates in the uk are now at 4.5%, up from 4.25%, a quarter rate rise. 0ur cost of living correspondent is watching these developments for us, kevin, news that will impact on so many people s lives for their mortgages and make life just that bit more difficult as they have seen those rate rises so many times, for the 13th time in a row? it many times, for the 13th time in a row? , ., . many times, for the 13th time in a row? ,., ,, many times, for the 13th time in a row? , ,,, row? it is not a surprise, but clearly the row? it is not a surprise, but clearly the impact row? it is not a surprise, but clearly the impact is - row? it is not a surprise, but clearly the impact is still - row? it is not a surprise, but| clearly the impact is still very real. it will make borrowing more expensive for many, m ....

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BBCNEWS BBC News July 7, 2024

and you are looking in for every week and month that goes by, the dream of homeownership recedes further into the distance. the average age of first time buyers has been rising continuously. the proportion of young people who can afford to buy their own home has been falling. between 2005 2016, the proportion of 2534 year olds that owned their own home fell by 20%, whereas in most other countries, it has been rising. it is true that we still have higher rates of overall homeownership just ahead of france and just ahead of germany. and it is true that we are building more as fast as we can after a sustained decline in home ownership rates in the labour government, which is now starting to go back up thanks to our support forfirst time starting to go back up thanks to our support for first time buyers and also building more homes. last year, there were 400,001st time buyers of property which was a 20 year high. 400,000 property which was a 20 year high. 400,000 firs ....

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BBCNEWS BBC News July 7, 2024

are products already there but they come and go and we want to make sure there is a ready stream of such products for the people who need them. as well as all the other initiatives i mentioned just now. on what rishi sunak and myself are talking about on fiscal measures, i m sorry to say that you are going to have to contain your impatience and reducing income tax to 2p, not even on the back benches of the tory party, nobody has yet proposed that to me, but we, i know and i think everyone knows, that because of covid we had a massive fiscal shock and it was because of the strength of the economy that we were able to look after people and we still are. we just want to make sure that as we come out of it, we keep things strong and take sensible steps but of course as i think i said a couple of course as i think i said a couple of times, we are strongly inclined to stimulate further growth and productivity with tax cuts as and when they become sensible. mason boycott of the dail ....

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BBCNEWS BBC June 7, 2024

questions from the audience. the parties have made policy pledges and the conservatives have said they will raise child benefit tax threshold to £120,000 and charge it to households rather than individuals. labour have said if it wins power, it would make permanent a skin that ensures low deposit mortgages are available for first time buyers a scheme. the lib dems have offered a bad month of paid leave for new fathers and a doubling of statutory maternity pay dad month. tom symons is in swindon on the campaign trail with the conservative campaign. this apology from the prime minister, unusual to get that, especially in an election campaign. an election campaign. senior election watchers an election campaign. senior election watchers are - an election campaign. senior election watchers are calling | an election campaign. seniorl election watchers are calling it an election campaign. senior i election watchers are calling it a disaster for the conservatives and it loo ....

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BBCNEWS BBC News June 7, 2024-60

Questions from the audience. the parties have made policy pledges and the conservatives have said they will raise child benefit tax threshold to £120,000 and charge it to households rather than individuals. labour have said if it wins power, it would make permanent a skin that ensures low deposit mortgages are available for first time buyers a scheme. the lib dems have offered a bad month of paid leave for new fathers and a doubling of statutory maternity pay dad month. tom symons is in swindon on the campaign trail with the conservative campaign. this apology from the prime minister, unusual to get that, especially in an election campaign. an election campaign. senior election watchers an election campaign. senior election watchers are - an election campaign. senior election watchers are calling | an election campaign. seniorl election watchers are calling it an election campaign. senior i election watchers are calling it a disaster for the conservatives and it looks like a ....

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