The Bank of England and Bank Rate
Rate decisions move mortgages, savings and the pound. We explain what changes for an ordinary household, not for the markets.
Articles on this topic: 21
UK house prices stall: annual growth halves to 0.8% and prices slip over the month
Nationwide’s September house price index, published on 1 October, shows annual growth halving from 1.6% to 0.8% — the weakest since December 2025. Prices fell 0.2% over the month and the average home costs £274,251. London is up just 0.4% over the year, Northern Ireland 5.9%, while East Anglia, the East Midlands and the South West are in negative territory.
A dispute at the currency exchange: short-changed, wrong rate, no receipt — who to call and how to get your money back
A follow-up to our exchange bureau catalogue — the instruction manual for when things go wrong: notes missing from the bundle, the rate on the receipt not matching the board, the receipt that 'ran out', or a counterfeit note among your cash. Scenario by scenario: what can only be fixed at the counter, which number to dial (the consumer helpline, 0808 223 1133), when to involve the police, and how to finish the job with a formal complaint and a small claim.
Bank of England banknotes: who is on them, how to check they are genuine, and where to take old paper pounds
There are 4.98 billion notes in circulation worth £91.5 billion, carrying two monarchs at once, a painter, a novelist and the mathematician who broke Enigma — and soon animals will replace them all. Here is the guide to Britain's notes: what is in your wallet now, how to spot a genuine one, why our photos carry a SPECIMEN stamp, and what to do with the old paper twenties you found in a drawer.
Britain is choosing the animals for its new banknotes: hedgehog, puffin and kingfisher in the final — decision by year end
The Bank of England is preparing the first complete change of banknote theme in decades: British wildlife will replace historical figures on the new notes. Over the summer the public voted on a shortlist of 18 candidates — from the hedgehog and the hare to the Atlantic puffin and the basking shark. The result is promised by the end of 2026. Here is who made the final, and what happens to the current notes.
Your First Home: buy your first home in England with a 2.5% deposit and a 20% government loan
The government has announced a new scheme for first-time buyers — Your First Home: a deposit from 2.5%, topped up by a government-backed equity loan of up to 20% of a new-build's price, with an initial interest-free period. Compared with a 95% mortgage that could mean saving hundreds of pounds a month. Income and price caps will be set at the Budget on 28 October.
UK retail sales up 0.5% in August — but shoppers are spending 6% more for 2.4% more goods
ONS data for August: retail sales volumes rose 0.5% on the month and 0.9% over three months. Over the year volumes are up 2.4% while the value of sales is up 6.0% — a 3.5 percentage point gap that is pure price. Online accounts for 27.4% of sales, peaking every November. Next release: 23 October.
Bank of England holds Bank Rate at 3.75% — three of nine voted to raise it to 4%
The decision came at noon on 17 September: Bank Rate stays at 3.75% for a fourth meeting in a row. The vote was 6–3, with three members backing a rise to 4%. Inflation hit 3.1% in August and the Bank warned it is "likely to rise further over coming quarters". Nothing changes today for trackers and SVRs, but if your fix ends this autumn, do not count on cheaper deals arriving by themselves. The next decision is 5 November, with new forecasts.
UK inflation accelerates to 3.1% as diesel jumps 14 pence in a month — a day before the rate decision
The ONS has published August data: consumer prices rose 3.1% over the year against 2.9% in July, a third consecutive rise. The cause is almost entirely fuel: motor fuels are up 23% over the year and petrol is at 161.3 pence a litre, the dearest since November 2022. A full tank of diesel costs £7.10 more than a month ago. Core inflation and services, meanwhile, did not move, and food has held at 1.3% for a third month.
How to complain about a bank, energy supplier or water company in the UK — and get compensation
Complaints here run on a clock: a bank has 8 weeks to reply, a telecoms provider 6, a water company 10 working days at each of two stages. Miss the deadline or fob you off, and an ombudsman takes the case for free — with a decision the company must honour. Who covers which sector, what to put in the letter, and why big purchases belong on a credit card.
How to get your tenancy deposit back in the UK: if it was never protected, the court must award you at least its value
A deposit must be placed in one of three government-approved schemes within 30 days, with the prescribed information sent in the same window. Checking takes two minutes and costs nothing. If it was never protected, the county court must award between one and three times the deposit, and you have six years to claim. Since 1 May 2026 an unprotected deposit blocks the possession order itself.
UK tax return: you must tell HMRC by 5 October or face a penalty for staying quiet
Self-employment above £1,000, rent, savings interest, dividends or money from abroad in 2025/26 means registering for Self Assessment by 5 October 2026. The return comes later — 31 October on paper, 31 January online. The penalty for registering late is calculated on the tax you still owe and lands separately from late filing penalties.
UK job vacancies are lower than in any year since 2014: what the ONS figures of 15 September mean if you are looking for work
The ONS published its labour market data at 7am on Tuesday. Vacancies stand at 702,000 for June to August, down 8,000 on the quarter; outside the pandemic slump the last comparable level was in 2014. Unemployment is 4.9%, but 145,000 fewer people are on a payroll than a year ago. Private sector pay is rising 2.9% a year — more than twice as slowly as public sector pay.
Your mortgage fix is ending: how to lock a rate six months early and avoid the SVR
Bank Rate is 3.75%, but newly drawn mortgages cost 4.45% in July and the whole outstanding stock 3.97%. When a fix ends, the lender moves you onto its standard variable rate by default — almost always the most expensive option available. Under the Mortgage Charter you can reserve a new deal six months ahead and swap it for a better one if that appears before it starts.
Russia's digital rouble goes live: 12 banks, a 300,000-rouble cap and what it means from the UK
From 1 September the digital rouble has left the pilot stage: the twelve largest banks open wallets, retailers turning over 120 million roubles must accept it, and top-ups are capped at 300,000 a month. No interest, no cashback, and transfers cannot be reversed.
Digital currency explained: the pros and cons of the digital rouble, euro and pound
There is no exchange rate for a digital currency and never will be, nobody is being made to convert their money, and cash is not being abolished. Smart contracts for controlling earmarked spending, on the other hand, are real and documented. What already works in Russia, when the digital euro and pound arrive, and which fears have substance.
Renting in London 2026: what a flat costs and what deposit is legal
What renting in London actually costs, on the latest ONS figures: £2,317 a month in the capital, £1,451 across England, £1,393 UK-wide. By law the deposit is capped at five weeks’ rent and the holding deposit at one, and it must be protected within 30 days. Agreement fees, reference checks and inventories are not yours to pay.
Housing in Britain: mortgage or rent, what to do with no income, and how to avoid a dishonest agent
Mortgages and how much deposit you need, why UK developers rarely offer instalment plans, shared ownership, renting without a UK income or guarantor, the new 2026 rules, and how to spot a scam in the housing market.
What we built for readers in September: seven free services
A deadline calendar, right to rent and right to work checks, the sanctions list, fuel prices, classifieds translated into both languages and a bot that posts from your phone. All free, no registration.
We have launched a calendar: holidays, filing deadlines and official events
A UK calendar is now on the site. Bank holidays, tax deadlines, Bank of England decisions and the dates new rules take effect — in one grid, each with a link to its source.
Bank Rate: the decision lands on 17 September, with inflation rising again
Bank Rate has stood at 3.75% since 30 July. Annual CPI inflation rose to 2.9% in July from 2.6% in June. The Monetary Policy Committee announces at noon on 17 September.
The Bank of England announces its rate decision on 17 September
Bank Rate has stood at 3.75% since the decision of 30 July. The next Monetary Policy Committee announcement is on 17 September.