Analysts have warned that rising mortgage rates risk bringing down buyers, and slowing runaway price growth. Several UK banks reported strong mortgage demand in their third-quarter results last week, including Santander, NatWest, and Lloyds.
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25th Apr 2024 | Updated at 02:01pm 25th Apr 2024
UK economy to shrink in 2023: IMF
The International Monetary Fund (IMF) has said that UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households.
HMRC clarifies its stand on waiting times on self-assessment helpline
Officials working from home are not to blame for long waiting times on HM Revenue and Custom’s self-assessment helpline, the department has said.
More than twice the voters now believe that Brexit is taking a negative toll on the UK economy, as per the latest opinion poll for the Observer. The survey comes as Richard Hughes, the chairman of the Office for Budget Responsibility, said his...
Karnataka born CS Venkatakrishnan, who was Barclays global head of markets and previously chief risk officer, has replaced Jes Staley as the British bank’s...
The billionaire Issa brothers' EG Group has pulled out of its planned £750mn acquisition of Asda's forecourt business. The Lancashire-headquartered company,...
A new, not-for-profit, free of charge dispute resolution service, the Business Banking Resolution Service (BBRS) is appealing directly to London-based...
Chancellor Rishi Sunak’s Autumn budget 2021 is full of promises and hope with a booster dose of what seems like a humble bunch of zeroes. The budget being...
In a bid to tackle supply chain problems in the run -up to Christmas, UK is set to relax the rules on the number of deliveries overseas lorry drivers can...
Daligas, another UK energy supplier, has ceased trading, regulator Ofgem announced, making it the third provider to collapse this week. It supplies gas...
The number of businesses that failed in England and Wales last month was the largest since the Covid pandemic began. Company insolvencies in September totalled 1,446, increasing from 1,349 in August and 56% higher than the same month last year,...
The Bank of England "will have to act" over rising inflation, governor Andrew Bailey warned, suggesting that UK interest rates may rise soon. However,...
