UK inflation increased to 3.6% in June, after remaining at 3.4% in the 12 months to May, the Office for National Statistics (ONS) has revealed.
The latest figure is the highest inflation rate recorded since January 2024, when consumer prices index (CPI) inflation reached 4%
The Government has stated that first-time buyers will be supported in getting on the housing ladder as part of the Leeds Reforms, which aim to cut financial red tape in order to "attract investment and drive growth".
Under the changes, the Bank of England will allow lending at over 4.5 times a buyer’s income, which could help an extra 36,000 people to buy their first home in the first year of the reforms
Almost half (49%) of people have stated that they want to financially support family members in retirement, but just 28% see it as a "realistic aim", Hargreaves Lansdown has found
Today's round up of developments coming out of the consumer finance space, featuring Darlington Building Society, Hinckley & Rugby for Intermediaries and Pepper Money