Bookies have slashed odds on next month ending as the coldest February on record as temperatures continue to fall. Leading bookmaker Coral has cut their odds to 6-4 (from 3-1) and also goes 5-4 that this winter finishes as the coldest since records began. It comes as it was announced that another freezing week is on the cards for Brits, who may also face a "snow bomb" similar to the Beast from the East. READ MORE: Met Office issues Beast from the East prediction as maps show exact date snow 'hits UK' "It has been a chilly January for large parts of the month, and unfortunately our betting suggests things are not going to get warmer in February. We have slashed the odds on the month ending as a record-cold February," said Coral's John Hill. A rare amber weather warning for cold weather ended on Sunday (January 29), after being extended for a fourth time by the UK Health Security Agency. Weather maps from WXCharts have suggested there could be a chance of snowfall … [Read more...] about Brits brace for ‘snow bomb’ as bookies slash weather odds on ‘coldest February on record’
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Warning to fixed rate mortgage holders about as interest rates continue to rise
Many mortgage repayments have gone up in recent months (Image: GETTY) SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The base rate was raised many times in 2022 and is currently at 3.5 percent with the bank expected to continue to increase the rate. The central bank is meeting this Thursday to discuss raising the base rate with some expecting it to rise to four percent meaning mortgage repayments could go up too. Related articles TV licence explained - Simple steps to claim refund worth £159 UK’s 'best buy savings account’ turns £10k into £12,402 Those on fixed rate mortgages are protected from the interest rate increases for the term of their mortgage. But those who are coming to the end of their term may be … [Read more...] about Warning to fixed rate mortgage holders about as interest rates continue to rise
Bank of England ‘stuck between rock and hard place’ ahead of interest rate rise
Interactive Investor expert on decision to raise interest rates SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Personal finance comparison site finder.com brought together experts and stakeholders to discuss the central bank’s options over the base rate. Out of the 11 panellists, 82 percent of those surveyed believed a 0.50 hike to interest rates is likely while two experts believe a 0.25 percent rise is possible. In the last year, the Bank of England’s Monetary Policy Committee (MPC) has chosen to increase the country’s base rate nine consecutive times. Related articles ‘Scandal' as HMRC forces pension savers to pay tax they don't even owe Premium Bonds winners for February 2023 announced The base … [Read more...] about Bank of England ‘stuck between rock and hard place’ ahead of interest rate rise