When interest rates are low, small-cap stocks begin to shine and outpace larger companies in value. These stocks are stocks with a market capitalization between $300 million and $3 billion.

Its five-year fixed remortgage deals will jump up by 0.2%. In positive news for first time buyers will small deposits, TSB is reducing rates on its two-year fixed 85% to 90% LTV deals by 0.15%.

The purpose of this was to compensate for an 80% cut to higher education teaching budgets, made at a time when the country was enacting austerity measures to recover from the financial crisis of 2008.