Shares in UK retailers fall as sector counts cost of NICs tax rise – as it happened

Rolling coverage of the latest economic and financial news Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy Yesterday’s cut to UK interest rates doesn’t seem to have yet filtered through to borrowers. Data provider Moneyfacts reports that the average rate on two-year loans is unchanged this morning, while the five-year equivalent is slightly higher: The average 2-year fixed residential mortgage rate today is 5.42%. This is unchanged from the previous working day. The average 5-year fixed residential mortgage rate today is 5.14%. This is up from 5.13% the previous working day. Continue reading...