Hunt’s tax cuts are just traps for Labour March 6, 2024 Hunt's budget has done little to turn Tory fortunes around, but it will make Labour's job harder, writes John Oxley.
Nine in 10 landlords raise rents for existing tenants May 20, 2024 Tenants in Britain now face larger rent increases from renewing their existing contract instead of moving to a new property, new figures show, as landlords move closer towards open market rates.
Savills warns of ‘acute’ house price plunges in London next year November 3, 2022 Savills, one of the biggest estate agents in the UK, has warned of an “acute” drop in house price value in London next year. A dreaded combination of higher mortgage rates and the cost of living crisis will fuel the price drop, the company said. The average cost of homes in the outer prime London [...]
People who get ‘poor’ bank rates should ‘shop around’, DWP sec Mel Stride says May 31, 2023 People who feel they are getting “very poor” interest on their savings should “shop around” and find a bank that will pay “a better rate”, the Work and Pensions Secretary has said. Mel Stride said some of the “stickiness” comes because there is “often inertia” and that it is “relatively easy to change and switch [...]
Revolut to boost staff by 40 per cent this year amid rapid expansion April 24, 2024 Revolut expects to grow its global headcount by around 40 per cent in 2024 as the fintech pushes for rapid expansion and bucks a recent trend of layoffs among major financial and tech firms.
Arbuthnot sees surge in profit after SME deposit growth and ‘helpful’ interest rate hikes March 28, 2024 Arbuthnot Banking Group has reported a surge in annual profit on the back of growth in its small business offering and higher interest rates.
Barclays makes green property push by giving eco-friendly home owners £2,000 November 15, 2022 Barclays bank said this morning it plans to run a trial to pay back customers who install new insulation, heat pumps or solar panels, among other solutions. Barclays will start paying up to £2,000 to its mortgage holders to help them green their home as three in four say they cannot afford the changes they [...]
‘Stars are aligning’ for UK economy after inflation data and Bank of England rate decision March 22, 2024 "We think the stars are aligning for stronger consumer spending growth this year," Rob Wood, chief UK economist at Pantheon Macroeconomics said.
The Chancellor’s tentative steps towards popular capitalism March 6, 2024 For far too many people, hard work no longer translates into material prosperity. Today’s Budget starts to change that, but there’s much more to do, says Sam Bidwell In amongst the excitement of Budget day, it’s easy to lose sight of the basics. The government’s major fiscal events are an opportunity to identify where our [...]
Revolut books record profit on higher interest rates and surge in users July 2, 2024 A major boost to Revolut's profitability would come from a UK banking licence, allowing it to offer products like mortgages and credit cards in its home market - where it recently hit nine million customers.