BoE braces insurers to handle more cash-strapped customers

bank of england

The Bank of England has warned higher interest rates increasing debt-servicing costs will result in general insurers having to handle a growing number of people financially squeezed in the coming months.

In the Bank’s latest Financial Stability Report, published today, the watchdog stated more households are being affected by higher interest rates as fixed-rate mortgage deals expire and the proportion

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Government to consult on leasehold commission ban

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