NatWest, Lloyds, HSBC, Barclays and Santander leaders meet Jeremy Hunt in ‘productive’ mortgage crisis talks June 23, 2023 Bank bosses held a “productive” meeting with Chancellor Jeremy Hunt as the rates increase worsens the mortgage crisis. Natwest chief executive Alison Rose, speaking to reporters as she left Downing Street, said lenders were “doing everything we can” and were “very keen” to help customers. Lloyds Banking Group boss Charlie Nunn described the meeting as [...]
Sadiq Khan plans to hike London council tax bills by 8.6 per cent December 19, 2023 Sadiq Khan has unveiled plans to hike Londoners’ council tax bills by almost £40 as he prepares to stand for a record reelection to a third term in office.
£233bn stuck in zero-interest accounts as pressure grows on banks to improve advice May 15, 2023 As banks come under fire for offering “measly” rates to savers, new figures reveal many are leaving hundreds of billions of pounds lying idle in zero-interest accounts. Some £233bn is being held in zero-interest accounts, according to Bank of England Data analysed by asset management firm Bowmore. This is up from the total held in [...]
TikTok: Lawyers hope new data centre can ease privacy fears September 8, 2023 Tiktok has opened a European data centre which lawyers say could quell international privacy fears currently plaguing the app. This week the Chinese video app opened a new data centre based in Dublin as part of an effort to calm European data privacy concerns around the app’s links to China. ‘Project Clover’, as it has [...]
Housing market: Shares in FTSE 100 house builders tumble as outlook weakens March 1, 2023 Investors are shying away from pumping their funds into the residential market after figures from the Bank of England show that mortgage approvals for house purchases plummeted to the lowest level since the 2008 financial crash.
House prices to fall further next year as sellers drop prices says Rightmove December 4, 2023 House prices will fall one per cent next year as competition heats up amongst sellers, according to property portal Rightmove.
Online shopping sales slump to lowest levels since before pandemic June 9, 2023 The cost of living crisis has hindered the online shopping sales boom with digital sales falling to their lowest levels since before the pandemic. The number of online sales fell by 3.3 per cent during May as punters, under the cosh, have had to cut down on the number of goods they buy from digital [...]
Nationwide pulls sales of mortgages for small deposit holders March 31, 2020 Nationwide is temporarily pulling its mortgage offering for low-deposit borrowers including first-time buyers as Britain’s biggest building society grapples with the impact of coronavirus on the housing market. Nationwide said that from Tuesday it would withdraw all fixed-rate and tracker mortgages above 75% loan-to-value (LTV) from sale for remortgage, first-time buyers, and new house purchases. [...]
Lukewarm welcome as Hunt extends ‘limited’ mortgage scheme for first-time buyers November 22, 2023 The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.
Ferries to Calais and Eurostar trains between London and Paris cancelled as anti-Macron strike hits travel TODAY January 19, 2023 Ferries to Calais were suspended and Eurostar services cancelled today as workers take part in a nationwide anti-Macron strike. Hundreds of thousands of train drivers, teachers, port and refinery workers have laid down tools following the French President’s plans to raise the age of retirement by two years to 64. UK and Irish operators such [...]