UK house prices fall in sharpest drop since 2008 crash December 7, 2022 House price growth has continued to cool in the UK, with last month representing the sharpest decline in value since 2008. The average cost of a home now stands at £285,579, after falling by 2.3 per cent in November, according to Halifax today – which began tracking house prices in 1983. Growth rates have slowed [...]
Westminster under water: Bank regulator suggests stress tests for sudden and extreme climate events September 24, 2023 The head of the UK’s banking regulator has suggested testing the country’s financial system to see if it could withstand extreme and sudden climate events, such as Westminster ending up under water.
Property boss urges Sunak to ditch tax breaks for eco-friendly home owners in 2023 January 4, 2023 Plans to offer stamp duty refunds to home owners who make their properties more eco-friendly are simply “a bad idea,” one of Britain’s largest property associations has told City A.M.. Banks last year urged the Government to incentivise changes by refunding stamp duty to buyers who pay for green upgrades within two years of making [...]
Outgoing Virgin Money boss set for bumper payday despite bank’s plunge in value May 19, 2024 David Duffy stands to have made up to £30m from his tenure as chief executive of Virgin Money by the time he retires from the role after six years following the bank's takeover by Nationwide.
Lloyds defends return-to-office mandate as staff engagement falls to nine-year low May 16, 2024 Lloyds Banking Group has defended its workplace culture after it experienced a sharp drop in its employee engagement index last year, driven by a "tough" stance on staff returning to the office.
UK house prices continue to soar in biggest annual jump since 2003 September 14, 2022 UK house prices grew 15.5 per cent to £292,000 in the year to July, according to official figures – the highest annual inflation rate since 2003. The average cost of a home in the UK has continued to spiral as demand outstrips supply. In just 12-months, property prices have grown £39,000 higher, several thousand pounds [...]
Michael Gove: ‘I love Sadiq Khan and am here to help’, but London mayor may lose planning powers December 19, 2023 Michael Gove has said “I love Sadiq Khan” and told the mayor he is “here to help” as he warned City Hall risked losing planning powers for London.
Charles Tyrwhitt’s sales success sees The White Company owner pass £500m May 1, 2024 The group behind The White Company has seen its turnover surge past £500m thanks to the success of menswear brand Charles Tyrwhitt, it has been revealed.
Persimmon ‘on track’ to build 10,500 homes this year as property market recovers April 25, 2024 Persimmon said it is on track to build between 10,000 and 10,500 properties this year, in the latest signal of green shoots emerging in the market despite interest rates remaining high.
Housing crisis is not just an issue for avo-loving millennials, but one for the UK at large August 2, 2023 House prices crash – first time buyers, rejoice? Hardly. The near four per cent fall over the past year takes house prices back to where they were only a couple of years ago; and with interest rates and therefore the price of mortgages rocketing, the end result is housing remaining out of reach for all [...]