Shares in UK retailers fall as sector counts cost of NICs tax rise – business live

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Yesterday’s cut to UK interest rates doesn’t seem to have yet filtered through to borrowers.

Data provider Moneyfacts reports that the average rate on two-year loans is unchanged this morning, while the five-year equivalent is slightly higher:

The average 2-year fixed residential mortgage rate today is 5.42%. This is unchanged from the previous working day.

The average 5-year fixed residential mortgage rate today is 5.14%. This is up from 5.13% the previous working day.

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Shares in UK retailers fall as sector counts cost of NICs tax rise – business live

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