This is down from a mean fee of 5.87% on the previous working day. The average 2-year mounted residential mortgage fee at present is 6.26%. This is down from an average rate of 6.29% on the previous working day. Last week, the Bank’s governor Andrew Bailey insisted it was “much too early” to consider cutting borrowing costs, although. The debt-laden firm is coming into a restructuring help settlement with stakeholders to drastically cut back its current borrowing, having struggled to recuperate from the pandemic.

  • Innovations are organized by sector, and the location provides suggestions and editor’s pick recommendation too.
  • Get the most recent news, in-depth analysis and recommendation on all business across the UK.
  • The bank is about to scrap its money, cheque and telephone funds for customers as it moves to digital solely cost systems.
  • The Somerville startup rStream is piloting a device that trains a man-made intelligence program
Read More