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The Bank of England meets tomorrow (Thursday 7 November) to set the official Bank Rate or base rate as it is also known. This is the rate that banks and building societies use to set the interest rates they charge borrowers.
Earlier today, the Bank of England (B of E) announced that the base interest rate will be cut by 0.25 to 4.75%. This is good news for the property market.
Creating a home that nurtures you and your loved ones goes beyond décor, design and furniture layout. A well-balanced living environment can greatly improve your physical, mental and emotional health.
PM Keir Starmer has already issued a warning that next week’s Budget will be painful… to help fill a ‘£22 billion black hole’ of debt. So, could this Budget be painful for homeowners? In this article, we’ll take a look at what Chancellor Rachel Reeves might be planning.