UK Mortgage Rates Hit Pre‑Mini‑Budget Lows as China’s $1 Trillion Trade Surplus Shifts the Global Outlook
London / Beijing – 8 December 2025 – Homeowners in the UK woke up today to the most competitive mortgage market since before the turmoil of the 2022 mini‑budget, just as China confirmed its trade surplus has smashed through the $1 trillion mark for the first time. Together, these stories tell you something important: the global backdrop for interest rates, mortgages and inflation is changing – again. Below, we break down what happened today, why lenders are talking about a “full‑scale price war”, how China’s export machine is still powering ahead despite years of tariffs, and what all of this