UK house prices level out as Covid boom subsides October 7, 2022 UK house prices have dropped for the second time over the past three months in a sign the surge experienced over the previous year is starting to level out. Average UK house prices dropped by 0.1 per cent in September from August’s record highs of £293,992. The September drop marks the second marginal decrease over [...]
Mortgage growth set to reach decade low as high rates drive down demand November 6, 2023 The EY Item Club predicted that net mortgage loans would grow 1.5 per cent in 2023 and two per cent in 2024, representing the lowest two-year growth in a decade.
Facebook UK secured £1bn revenue boost last year October 15, 2023 Facebook, a subsidiary of social media giant Meta, received a £1 billion leap in revenues last year
Persimmon: Builder ups guidance amid ‘positive momentum’ on planning reform August 8, 2024 Housebuilder Persimmon has said it would build 10,500 homes this year—at the top end of its guidance— and has outlined plans to boost construction next year as Labour’s planning reforms start to take shape. In its half year results for the six months ended 30 June 2024, Persimmon said it completed 4,445 new, up by [...]
Barratt Developments: Housebuilder blames mortgage misery for plummeting profits September 6, 2023 The number of homes the company built also declined 3.9 per cent during the term to 17,206, as a series of interest rate hikes by the Bank of England made buyers cautious.
Build, Baby, Build: Rachel Reeves has shown she’s serious about growth July 10, 2024 In announcing a suite of planning reforms in her first speech as Chancellor, Rachel Reeves has addressed the biggest barrier to growth in Britain today, says Iain Mansfield The new Chancellor is serious about growth. By putting planning front and centre of her first speech, Rachel Reeves addressed the single biggest obstacle to economic growth [...]
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.
UK mortgage market still ‘precarious’ amid uncertainty over timing of interest rate cuts July 1, 2024 Tom Cuppello, director of risk at Broadstone, said the housing market's recovery remained "precarious" amid uncertainty over the timing of interest rate cuts.
Jeremy Hunt piles pressure on pension funds to back British firms in fresh City shake-up March 2, 2024 Pension funds will be forced to reveal how much of their cash is invested in UK companies and poorly performing schemes will be blocked from taking on new business, in a bid to get retirement cash flowing into the economy, the Treasury has announced,
What the Competition and Markets Authority wants to do with its new powers March 14, 2024 The Competition and Markets Authority (CMA) has set out the areas it wants to focus on over the next 12 months.