Our Scans · (FS.6.06) Personal Finance · Weekly Summary

• [New] The Bank of England will hold interest rates at 4.25% on Thursday, economists predict, which could mean higher mortgage rates for longer. Rentila - Property management blog for landlords
• [New] The expansion of the National Living Wage to 21+ workers aligns with the UK's long-term target: ensuring minimum earnings reach two-thirds of median income by 2026. Clun
• [New] While the decision to hold rates at 4.25% was widely expected, given above-target inflation at 3.4% and high wage growth, it creates a challenging environment for UK companies. Scottish Business News
• [New] Uncertainty over U.S. trade policy is causing huge disruptions in the global economy that will likely hit Japan's exports, output, wage growth and consumption. Asian Market Sense
• [New] The percentage of median income required to service a median new mortgage in New Zealand has decreased from around 50% to 35%, with further reductions expected as average mortgage rates decline. MacroBusiness
• [New] 72% of U.S. workers prioritize meaningful work over higher salaries, with remote opportunities enabling better work-life integration. Your Remote Work HQ - Jobs, Tools, & Expert Advice
• [New] Private consumption is expected to weather the adverse impact from US trade policies, supported by robust increases in income on the back of rising wages and falling inflation. European Central Bank
• [New] The Bank of England's decision to hold interest rates at 4.25% could give savers a brief reprieve but will come as a disappointment to mortgage borrowers. The Money Pages
• [New] Career progression remains the number one motivator for switching roles globally, with 71% of professionals expecting a salary increase in 2025. Airswift
• [New] GETI data shows strong optimism in North America's energy sector, with 71% of traditional energy professionals expecting salary increases. Airswift
• [New] The uncertainty surrounding U.S. tariffs could negatively impact exports, production, wage growth, and consumer spending, particularly in Japan's key auto industry. Tradingkey
• [New] Macroeconomic shocks pose systemic risks, including potential U.S. recession impacts given the close economic ties, sharp peso devaluation affecting foreign investment, or significant interest rate increases that price out mortgage borrowers. TheLatinvestor
• [New] Employment & Salary: There are about 334,100 loan officers and interviewers in the U.S., with a median annual wage roughly $ 74,180.Why It's At Risk: Like credit clerks, loan officers rely increasingly on automated underwriting systems. Ask AI
• [New] After narrowly deciding to cut interest rates last month, Bank of England officials are expected to hit pause on additional rate cuts this week against a backdrop of easing tariff tensions and an uncertain outlook for wage growth. Morningstar UK
• [New] By raising wages in Mexico, not only can Mexican workers start to purchase the goods they produce and U.S. and Canadian exports, but companies will have less of an incentive to move jobs there to take advantage of lower wages. Citizens Trade Campaign
• [New] The mortgage stress tests that UK lenders use (ensuring borrowers can handle rate rises) will start to relax slightly with a lower base rate, making approvals a bit easier. Simpson & Marwick
• [New] Costs will likely trickle down into the real economy in due course, as declining wage growth will likely dampen the UK consumers animal spirits as they look to tighten their belts during uncertain times. FE News
• [New] The new trade deal will increase bilateral trade by £25 billion annually, raise UK's GDP by £4.8 billion, and enhance wages by £2.2 billion each year, resulting in tangible economic benefits for working-class citizens. TheCommuneMag
• [New] There could be further relief for mortgage borrowers as the Reserve Bank lowers interest rates to counterbalance rising global interest rates. Australian Broadcasting Corporation
• [New] The latest wage growth numbers will also be scrutinized as the very slow cooling in pay pressures is keeping the Bank of England on the cautious side when it comes to its readiness to cut rates. investing.com
• [New] Among advanced economies, in addition to the United States, inflation in the United Kingdom has been revised up for 2025, owing to the higher than previously expected outturns in recent months and more dynamic wage growth. European Central Bank

Last updated: 30 June 2025