UK families hit with £1,410 ‘inflation tax’ hidden in Autumn Statement
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Reading Time: < 1 minuteFamilies across the UK are expected to be paying an extra £1,410 in an “inflation tax” according to a new analysis of documents produced…
How UK compares to Europe for wages and cost of living
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Reading Time: < 1 minuteThe UK ranks fifth when it comes to the highest minimum wage in Europe but has among the highest costs of living on…
Households to be nearly £2,000 poorer by end of this parliament - think tank
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Reading Time: < 1 minuteFor the first time ever, households will be poorer at the end of a parliament term than at the start, a think…
‘Huge sigh of relief’ for renters after housing allowance unfrozen
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Reading Time: < 1 minuteDecisions to raise benefits in line with inflation and to unfreeze local housing allowance have been welcomed, with a cautionary warning that…
Energy bills to rise by £94 from January plunging more cash-strapped families into misery as typical yearly household bill hits £1,928
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Reading Time: < 1 minuteThe average household energy bill will rise by £94 a year to £1,931 from January, Ofgem announced today. Read More
Red tape axed for property owners who want to convert their homes
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Reading Time: < 1 minuteJeremy Hunt yesterday announced plans to scrap planning permission for property owners wanting to convert their homes into two flats. Read More
OBR warns house prices could fall almost 5% next year taking the average price of a home to £266,000 and won't recover to their 2022 peak until 2027
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Reading Time: < 1 minuteAverage house prices will fall by almost £25,000 next year and they are unlikely to recover to their 2022 high until 2027,…
Nationwide sends mortgage rates below 4.5% for first time since June Story
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Reading Time: < 1 minuteBorrowers can now secure a fixed rate mortgage with an interest rate below 4.5 per cent, after Nationwide announced its ninth round…
USA: Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar
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Reading Time: < 1 minute Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years as surging mortgage…
J.P.Morgan expects BoE to deliver its first rate cut in Q4 2024
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Reading Time: < 1 minuteJ.P.Morgan said it now expects the Bank of England (BoE) to deliver 50 basis points of interest rate cuts in the fourth…