Senior Tories demand Bank of England cut interest rates within weeks
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Reading Time: < 1 minute The Bank of England must stop “dithering” and cut interest rates as soon as possible or risk damaging the prospects of economic growth…
‘Everyone cites Covid and Brexit’: number of UK businesses going bust rises 52% in two years
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Reading Time: < 1 minute Company insolvencies soared last year as businesses struggled with the inflation crisis and the long-term impact of the Covid pandemic, new…
Interest rate cuts will soften mortgage blow by £11bn – but Brits still face £19bn rise
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Reading Time: < 1 minute Bank of England interest rate cuts are set to soften the blow of increased mortgage payments in 2024, top economists have said. Read More
Bank of England governor Andrew Bailey to be grilled on interest rate hikes' threat to UK financial stability
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Reading Time: < 1 minute Bank of England governor Andrew Bailey is to be grilled by MPs over whether hikes in interest rates threaten Britain’s financial stability….
Why you should wait until the Spring to buy a house and the type of home that is surging in value: Nine trends that will define the property market in 2024
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Reading Time: < 1 minute Bold interior trends, falling borrowing costs and new opportunities for first-time buyers will bring colour and life back into the property market…
Families with single parents at higher risk of eviction in England, says Shelter
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Reading Time: < 1 minute More than 70,000 lone-parent households are facing eviction this winter amid warnings that they are “bearing the brunt” of the housing crisis…
10,000 homeowners are at risk of becoming ‘mortgage prisoners’
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Reading Time: < 1 minute More than 10,000 homeowners are at risk of becoming mortgage prisoners as a negative equity “time bomb” looms, new information suggests. Read…
Financial crisis warning as house deposit prices outstrip average annual salary
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Reading Time: < 1 minute The Nationwide House Price Index shows that a 20 percent deposit on a typical first-time buyer home equates to over 105 percent…
Savvy Brits have slashed non-essential spending by more than 40 percent in 2023
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Reading Time: < 1 minute Brits slashed their discretionary spending by 41 percent in 2023 – cutting back on takeaways, clothes, and nights out, figures have shown….
Squatting is on the rise again in Britain – and in this vicious housing crisis, is anyone surprised?
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Reading Time: < 1 minute The postcode was an exclusive area of London and the four-storey, period building was something an estate agent might describe as “magnificent”…