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LTV increases to 85% for Great Escape remortgage

Barclays is extending the LTV on its Great Escape remortgage deal to 85%, with a rate of 4.69% fixed for two years.

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Unemployment falls by 88,000

UK unemployment fell by 88,000 in the three months to April this year, to 2.43 million, the latest figures from the Office for National Statistics shows.

KING

King defends low base rate stance

The governor of the Bank of England has defended the Monetary Policy Committee’s decision to keep the base rate on hold at 0.5% for over two years by claiming such a stance is necessary to rebuild the economy.

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