In Money today: the best mortgage rates and where they're expected to go this year following the base rate cut; Netflix has quietly hiked the price of subscriptions in the UK; and Germany reported just 1,
The article from Sky News discusses various economic and consumer-related updates in the UK. It highlights the anticipation around the Bank of England's decision on interest rates, with expectations leaning towards maintaining the current rate of 5.25% due to persistent high inflation rates, which have recently shown signs of easing but remain above the target. The piece also touches on the broader economic context, including the impact of inflation on living costs, with specific mentions of how businesses like Michelin are adapting by offering more affordable dining options. Additionally, there are updates on mortgage rates, consumer spending, and the general economic sentiment amidst these financial pressures. The article provides a live blog format, capturing real-time reactions and analyses from experts and the public regarding these economic indicators.