Wages in the U.K. continued to grow rapidly in the three months to April, a concern for the Bank of England as it prepares for a policy meeting next week.
The first quarter of 2024 saw a 4.2% increase in the value of outstanding mortgage balances with arrears from the previous quarter, hitting £21.3billion
Lenders are making billions through a little known scheme under which they receive interest payments on reserves they have to hold at the Bank of England.