Financial News
Financial News covers UK events that change what borrowing costs or how quickly debt can be paid off, such as Budgets, Bank Rate decisions and official forecasts. Each post explains what has and has not changed for people repaying loans and cards, with worked £ examples from our calculators. Illustrative only; not advice.
Last checked
Latest posts
Bank Rate raised to 4%: November 2026 decision
The Bank of England raised Bank Rate by 0.25 percentage points to 4% on 5 November 2026, voting 8–1. What the decision means for new personal loan quotes, fixed-rate loans you already have, and credit cards, with a worked £10,000 example.
UK inflation October 2026: what to watch
CPI inflation was 3.5% in September 2026. What the ONS figures due on 18 November could mean for borrowers, the OBR’s forecast path, and overpaying versus keeping a cash buffer. Updated when the figures are out.
UK borrowing costs: Money and Credit data
Bank of England figures show card rates averaged 21.71% and new personal loans 9.85% in September 2026. What the gap means in pounds on a £5,000 balance. Updated with each monthly release, next on 30 November.
UK Budget: what it means for borrowers
What the latest UK Budget changed for people repaying loans, cards and other household debt, what it did not change, and why Bank Rate and lenders, not the Budget, set loan rates. Worked £ examples from our calculators. Updated after each Budget.
About this section
We cover UK financial news that changes what borrowing costs or how quickly debt can be paid off: a UK Budget, a Bank of England decision on Bank Rate, a new forecast from the Office for Budget Responsibility, or a change to the rules that govern consumer credit. We do not cover market gossip, share prices, individual lenders’ offers or mortgage deals. Each post asks a narrow question: what has changed for someone who already repays a personal loan, a credit card or other household debt, and what has not?
Where our figures come from
Every post is worked through with the same calculators the rest of the site uses. Where a post shows a £ figure, such as how much a change in interest rate adds to a monthly repayment, that figure comes from running the calculator’s own code with the inputs stated in the text, so you can enter the same numbers in the personal loan / EMI calculator or the extra payment calculator and get the same answer. The figures are illustrations, not quotes or forecasts.
Facts come from official sources and are linked in each post. For fiscal events that means HM Treasury and GOV.UK publications; for forecasts, the Office for Budget Responsibility; for interest rates and inflation, the Bank of England. For how loans and credit products work in general we also cite the Financial Conduct Authority, legislation.gov.uk and MoneyHelper. If a measure has been announced but not yet set out in an official document, we leave it out until it is.
Who writes these posts
Posts are written and checked by Rodway Labs, under the same editorial policy as our guides. We do not take payment to cover a story and we do not tell anyone to borrow.
How posts are updated
Posts are written to stay useful, so they keep the same address and are updated rather than replaced. Each one shows the date it was first published and the date it was last updated. We review a post when the event it covers happens again, for example after the next Budget, and when an official source it relies on changes, such as a new Bank Rate decision. If you spot something out of date, the editorial policy explains how to tell us and how corrections are made. For background on the maths itself, see our guides.
LoanCalc Lab is not a lender or broker. Posts are illustrative and are not personalised financial advice. If repayments feel unmanageable, free debt advice is available through MoneyHelper.