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What’s happening to UK interest rates and mortgage deals?

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Mortgages

Just under a third of households have a mortgage, according to the government’s English Housing Survey, external.

About 500,000 homeowners have a mortgage that “tracks” the Bank of England’s rate. That means any cut means a reduction in the monthly repayments on their outstanding loan.

An additional 500,000 homeowners on standard variable rates (SVRs) rely on their lender choosing to pass on any Bank rate cut.

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But the vast majority of mortgage customers – some 87% – have fixed-rate deals. While their monthly payments aren’t immediately affected by a rate change, their future deals are.

As of 16 September, the average two-year fixed residential mortgage rate was at its highest since 11 May (5.77%), while the average five-year was at its highest since 8 November 2023 (5.83%), according to the financial information service Moneyfacts.

The average two-year tracker rate was 4.54%.

About 800,000 fixed-rate mortgages with an interest rate of 3% or below are expected to expire every year, on average, until the end of 2027. Borrowing costs for customers coming off those deals are likely to rise sharply.

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MFs deployed over Rs 8,800 crore in 18 IPOs in August: ESDS Software Solution, Molbio Diagnostics and more

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The Economic Times

MFs deployed over Rs 8,800 crore in 18 IPOs in August: ESDS Software Solution, Molbio Diagnostics and more

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UTG: Opportunity Coming As Pessimism Peaks On Rate Hike Fears

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President Trump, Military Leaders Attend Pentagon 9/11 Observance Ceremony

UTG: Opportunity Coming As Pessimism Peaks On Rate Hike Fears

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small firms confident but light on use

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small firms confident but light on use

Seven in ten UK small business owners say they are confident using artificial intelligence, but fewer than half use it regularly, according to research published today by Small Business Britain and Alibaba.com.

The study of 1,000 small business owners found that 70 per cent are somewhat or very confident using generative AI, while 48 per cent use it regularly. The organisations describe the difference as an emerging “AI productivity gap” between confidence in the technology and its measurable effect on how businesses run.

The report, titled AI Could Give Small Business Owners Their Most Precious Commodity Back: Time, was produced with Accio, the agentic AI platform for businesses operated by Alibaba.com.

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Marketing dominates current use

Among small businesses that use AI, 74 per cent apply it to content creation and marketing, making it by far the most common use recorded in the survey. About a third use it for data analysis or reporting, and 5 per cent for supply chain management.

The report attributes the concentration on content to generative AI offering “an accessible entry point”, with social posts, marketing copy and emails described as “immediate, visible applications with relatively little technical knowledge required”.

It argues that the larger productivity opportunity lies elsewhere. “Small businesses have begun to use AI to help them create, but there is enormous scope to help them use AI to analyse, decide, organise and act,” the authors wrote.

Saving time was the benefit most commonly cited by respondents. Four in five (80 per cent) identified it as a key advantage of AI, compared with 43 per cent who pointed to creativity and innovation.

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The findings follow research from Simply Business, which found that AI use by UK small businesses had more than doubled to 47 per cent in a year. The Office for National Statistics reported in July that self-reported AI use among businesses with 10 or more employees had risen from about 12 per cent in late 2023 to about 35 per cent by June 2026.

Low awareness of agentic AI

The report distinguishes between generative AI, which produces an output in response to a request, and agentic AI, which it says can help carry out “more complex, multi-stage tasks” such as researching options, comparing information and moving a task towards completion.

Awareness of agentic tools is limited. Only 44 per cent of respondents had heard of agentic AI, and 5 per cent are regular users. However, 68 per cent said they want to learn more about it.

Asked about its potential advantages, 60 per cent of owners cited improved work-life balance and 50 per cent said it could give them more time for marketing and finding new customers.

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Michelle Ovens CBE, chief executive and founder of Small Business Britain, said: “We know small business owners wear many different hats when running their businesses, so it’s hugely encouraging to see growing confidence in AI as a critical tool. However, the research also makes clear AI’s, and particularly agentic AI’s, untapped potential.”

She added: “There is a real opportunity for technology to completely revolutionise how small business owners manage their business, potentially freeing up more time to focus on the areas that can really take their business to the next level.”

Time spent on suppliers

The survey points to sourcing as one area where owners spend significant time. Half (50 per cent) said comparing price options takes up a significant amount of their time when working with suppliers, and 45 per cent said the same of finding suppliers.

Around a third of the businesses surveyed already source internationally, according to the report, while around a third source only within the UK. Businesses selling through several online stores reported that they largely update each store individually rather than simultaneously, with updating stock content cited as a particular difficulty.

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Michelle Lau, managing director of Alibaba.com, said: “AI has had a transformative effect on many small businesses across the UK, but when we look a little closer, much of the adoption today has been at a surface level.”

She said: “We’re entering the era of agentic AI with tools like Accio, which can research markets, evaluate suppliers and manage day-to-day operations on a business’s behalf, enabling small businesses to progress more business-critical workstreams at once, access more insightful information on suppliers, trends and market data and save more time day-to-day for greater work-life balance or other areas of their business.”

AI as a source of advice

The research also asked owners where they turn when faced with difficult business decisions. A partner was the most common answer, at 23 per cent, while 15 per cent said they already turn to AI. According to the report, AI ranked ahead of friends, family members, business advisers and mentors among the options measured.

The authors said this “should not be interpreted as AI replacing human advice”, describing AI instead as “another source of information and perspective” for owners who may have nobody within their business with whom to discuss a decision.

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Respondents also recorded reservations. Data privacy and security were a concern for 69 per cent, reliability and accuracy for 61 per cent, and 46 per cent expressed some discomfort about AI making decisions on their behalf.

The report said these findings “underline the importance of education”, adding that small businesses need to understand “both what AI can do and where human oversight remains essential”. It called for “transparent tools, practical demonstrations, trusted training and clear guidance around responsible use”.

The use of AI by smaller companies is also under scrutiny in Parliament, where the Business and Trade Committee has been examining whether British firms are benefiting from the technology.

Recommendations on training

The report recommends practical training “based around real business problems rather than technical explanations of AI”, covering tasks such as comparing suppliers, understanding data, managing multiple sales channels and streamlining administration.

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It said business support organisations and technology providers can help by creating accessible training, demonstrations and case studies. “The goal should not be to turn small business owners into AI experts,” the authors wrote. “It should be to give them sufficient understanding and confidence to make AI work for them.”

Amy Ingham
About the author

Amy Ingham

Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College’s journalism school. Her recent reporting includes British Steel’s nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at aingham@cbmeg.co.uk.

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Intel Stock Rises On Talk Of Fab Deal With SK Hynix

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Intel Stock Rises On Talk Of Fab Deal With SK Hynix

Intel (INTC) stock rose Wednesday on a news report that South Korea-based SK Hynix (SKHY) is interested in using one of Intel’s U.S. fabs to manufacture memory chips. Hynix is in exploratory talks with Intel about using Intel’s planned facility in Ohio, Reuters reported. Possible scenarios include Hynix leasing part of Intel’s fab or forming a joint venture to provide…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Subs decision politically radioactive

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Subs decision politically radioactive

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
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Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

  • Unlimited access to WA’s most trusted business journalism
  • Data & Insights — detailed profiles of WA companies, people, projects and deals
  • MyBN — a personalised feed based on the companies, people and sectors you follow
  • Special publications and industry reports
  • Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

  • Look up detailed profiles of WA companies, including financials, directors and ownership
  • Find decision-makers and track their career movements
  • Research live and completed projects across WA industries
  • Monitor deals, appointments and market activity
  • Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

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Only subscribers have full access to all content on the Business News website.

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If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

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  • Investors and advisers researching companies, deals and industry trends
  • Consultants and professionals staying across sectors relevant to their clients
  • Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

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The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
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J.B. Hunt stock plunges 10% on earnings drop expectation

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J.B. Hunt stock plunges 10% on earnings drop expectation

A J.B. Hunt Transport Services Inc. tractor trailer parked at a freight depot in Indianapolis, Indiana, U.S., on Saturday, Jan. 15, 2022.

Luke Sharrett | Bloomberg | Getty Images

Shares of J.B. Hunt plunged more than 10% on Wednesday after the trucking company said it expects its earnings to drop in the third quarter.

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“We kind of want to be transparent with investors and give an update that in light of these costs that are sort of hitting us, we are expecting our Q2 to Q3 earnings to actually drop 5% to 10%,” CFO Brad Delco said at the Morgan Stanley Industrials conference.

Delco said between costs for recruiting, advertising, onboarding, training and sign-on bonuses, the company expects to see about $25 million more in the third quarter compared with the second quarter. He said that means J.B. Hunt is “preparing for growth.”

Still, he added the company has also seen “some of the most radical and abnormal swings” in fuel prices that it has ever seen and record-high diesel prices, which are causing at least a $10 million headwind.

Delco added that he expects volumes to improve sequentially to offset the incremental pressures.

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“It really is more of a timing issue,” he said. “I think you can look at a glass half-empty or a glass half-full. I’m really glad that we have visibility to these costs right now.”

Delco also said J.B. Hunt is working on repairing its margins, though he believes the company still has a long way to go.

J.B. Hunt stock has risen nearly 100% over the past year.

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Kraft Heinz, Mike’s Hot Honey unveil co-branded cream cheese

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Housing ‘not only determinant’ in Coalition migration policy

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Housing 'not only determinant' in Coalition migration policy

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
to discuss the right option for your organisation.

Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

  • Unlimited access to WA’s most trusted business journalism
  • Data & Insights — detailed profiles of WA companies, people, projects and deals
  • MyBN — a personalised feed based on the companies, people and sectors you follow
  • Special publications and industry reports
  • Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

  • Look up detailed profiles of WA companies, including financials, directors and ownership
  • Find decision-makers and track their career movements
  • Research live and completed projects across WA industries
  • Monitor deals, appointments and market activity
  • Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

Advertisement

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

Advertisement

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

  • Executives and directors tracking competitors, clients and market movements
  • Investors and advisers researching companies, deals and industry trends
  • Consultants and professionals staying across sectors relevant to their clients
  • Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

Advertisement

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
Sign up for free.

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We’re happy to help.
Get in touch
and our team will come back to you.

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Slideshow: NFL menu innovation goes overtime

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Slideshow: NFL menu innovation goes overtime

KANSAS CITY — Aramark Sports + Entertainment is launching a variety of new foodservice offerings across National Football League (NFL) stadiums as the 2026 season gets underway.

The new menu items are available at several of Aramark’s partner NFL venues across the United States, including the homes of the Pittsburgh Steelers, Kansas City Chiefs, Denver Broncos, Philadelphia Eagles, Cincinnati Bengals, Cleveland Browns, Houston Texans and Minnesota Vikings.

The menu innovations take inspiration from the history and flavors of their respective stadiums.

“Our team works hard to make sure we are delivering fresh experiences for fans each season that leave lasting impressions, while also celebrating the history and culture of our partner’s teams, fan bases and cities,” said Alison Birdwell, president and chief executive officer of Aramark Sports + Entertainment. 

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Trump Nominates Billy Graham’s Granddaughter Cissie Lynch as Top International Religious Freedom Ambassador

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Cissie Graham Lynch

WASHINGTON — President Donald Trump has nominated Cissie Graham Lynch, the granddaughter of the late evangelist Billy Graham, to serve as the U.S. ambassador-at-large for international religious freedom, moving to fill a senior diplomatic post that has lacked a Senate-confirmed occupant since the start of his second term.

The White House announced the nomination Monday, sending Lynch’s name to the U.S. Senate for consideration as part of a broader list of nominations. Lynch, whose full legal name is Jane Lynch, is the daughter of Samaritan’s Purse Chief Executive Officer Franklin Graham and the granddaughter of Billy Graham, the influential evangelist who died in 2018.

Lynch addressed the nomination in a post on social media platform X on Tuesday, describing the opportunity in personal terms. “If confirmed by the Senate, please pray that I would serve with excellence and make the most of every opportunity to protect our most precious and fundamental right — and one that far too many people around the world still live without — freedom of religion,” she wrote, calling the nomination a “great honor and privilege.”

Franklin Graham voiced support for his daughter’s nomination in a separate post on X the same day. “Cissie is uniquely qualified for this — she has traveled the world and been a student of this issue for many years,” Graham wrote. “She has a broad worldview and knowledge of the issues facing religious freedom today.” He added, “If confirmed by the Senate, she will bring a passion for defending religious freedom to this office. I couldn’t be more proud of her, and I ask you to pray that God would give her wisdom and strength.”

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The nomination follows an earlier, unsuccessful attempt by the Trump administration to fill the post. Former U.S. Rep. Mark Walker, R-N.C., had previously been nominated for the ambassador role but was not confirmed by the Senate before the end of 2025, with the Senate formally returning his nomination to Trump on January 3. Walker was subsequently appointed to a different position, serving as the State Department’s principal adviser for global religious freedom, according to the U.S. Commission on International Religious Freedom.

The ambassador-at-large for international religious freedom leads the State Department’s Office of International Religious Freedom and serves as a principal adviser to both the president and the secretary of state on matters of religious freedom abroad. The position was established under the International Religious Freedom Act of 1998.

The Religious Freedom Institute praised Lynch’s nomination in a statement issued Monday, framing the role’s importance within the broader scope of U.S. foreign policy. “Our world is afflicted by an unprecedented scourge of religious persecution today,” said David Trimble, president of the Religious Freedom Institute. “We at RFI understand the vital role the International Religious Freedom Ambassador can and should play in U.S. foreign policy, and we stand ready to support Jane Lynch as she prepares, with the Senate’s approval, to assume the responsibilities of America’s chief diplomat for religious freedom.” Trimble added, “The Senate should enter into the forthcoming confirmation process for Ms. Lynch’s nomination with due diligence and expediency.” The organization identified China, Nigeria, Syria and Nicaragua as among the countries it considers most affected by religious repression, discrimination and violence, areas it said should be a focus of Lynch’s efforts if confirmed.

While best known publicly as a member of the Graham family, Lynch has built her own profile as an author and speaker in recent years, working alongside Samaritan’s Purse and the Billy Graham Evangelistic Association. She hosts a podcast called “Fearless” and has a book, titled “Stand Steady: Fearless Faith in a Compromising Culture,” scheduled for release next month. Lynch has also been a public speaker at notable political and religious events, including the Rededicate 250 prayer gathering commemorating the 250th anniversary of the United States, and the 2020 Republican National Convention.

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Lynch’s nomination must still be approved by the full Senate before she can formally take office. The chamber currently consists of 53 Republicans and 47 Democrats, meaning Lynch’s confirmation could proceed with Republican support alone if Democratic senators do not back the nomination.

Although international religious freedom policy has generally not been treated as a sharply partisan issue compared with most areas of public policy, confirmation votes for the position have varied considerably in their level of bipartisan support in recent years. Former Kansas Gov. Sam Brownback, who also previously served in the U.S. Senate, required a tie-breaking vote from then-Vice President Mike Pence to be confirmed as ambassador-at-large for international religious freedom during Trump’s first term, after receiving no support from Democratic senators in a closely divided chamber. By contrast, Rashad Hussain’s nomination for the same post during the Biden administration passed with broad bipartisan backing, confirmed by an 85-5 vote in the Senate, with only five Republicans voting against him.

With Lynch’s nomination now before the Senate, attention is likely to turn to the timeline and outcome of her confirmation hearings, particularly given the post’s extended vacancy since the start of Trump’s second term and the earlier failed attempt to confirm Walker for the same position. If confirmed, Lynch would become the latest in a line of ambassadors tasked with representing U.S. policy on religious freedom abroad, a role that has taken on added significance amid what advocacy groups describe as a global rise in religious persecution across multiple regions.

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