Mortgage approvals fall following interest rate rises May 31, 2022 Mortgage approvals have fallen to the lowest level seen since the peak of the UK’s house-buying frenzy in June 2020, according to official data today. Brits were approved 66,000 mortgages in April, down from 69,500 in March, data from the Bank of England has revealed. This is slightly below the pre-pandemic average of 66,700, [...]
Royal Mail delivery managers to vote on strike action as hundreds of jobs could be axed May 31, 2022 Delivery managers at Royal Mail will be balloted for strike action, with union bosses warning there could be parcel delivery chaos this summer. Postal workers are unhappy with plans to slash some 524 frontline delivery manager roles, with Unite the union declaring there would be a ballot. Some 2,400 managers will decide on whether to [...]
Pound faces ‘existential crisis’ with Sterling’s struggles similar to currencies in emerging markets, BofA warns May 31, 2022 The pound is facing an “existential crisis,” the Bank of America warned today, saying that the British currency is facing struggles similar to those in emerging markets. “Whilst not wishing to over-exaggerate GBP’s predicament as some kind of ‘end of days’ scenario, we are concerned that the increasing politicisation of UK policy undermines the GBP [...]
Nose around a central London house for the weekend with Onefinestay May 31, 2022 The weekend: For a recent milestone birthday I decided I wanted to celebrate with an intimate group of friends – but I couldn’t face hosting a dinner party at home. A gathering in the private dining room of a restaurant was an alternative but they can lack atmosphere. So when I discovered that Onefinestay allows [...]
Bitcoin price up as crypto market rally continues May 31, 2022 It’s been a strong start to the week in the crypto markets, with the price of Bitcoin again rising above $31,000 after nine weeks of losses.
Mercedes-Benz SL SportLine review: star quality May 31, 2022 We drive the Mercedes-Benz SL SportLine – a restomod R107 with a modern makeover, including nearly 40 percent more power.
Sadiq Khan sets aside £43m for Londoners struggling to keep homes warm May 31, 2022 London mayor Sadiq Khan has set aside £43m to boost his Warmer Homes programme, which seeks to support those in poorly insulated properties. With energy bills expected to rise again this winter, amid a cost of living crisis, Khan is looking to create grants of between £5,000 and £25,000 available to low-income households. Energy regulator [...]
UK unveils long-awaited corporate reporting and audit reforms May 31, 2022 The UK has unveiled its long-awaited audit regime overhaul, with the government announcing a new regulator to ensure oversight of the largest private companies. The Financial Reporting Council will be replaced by the new Audit, Reporting and Governance Authority (ARGA), funded by a new levy on industry, which will have oversight of unlisted companies with [...]
Johnson and Sunak to give joint speech on post-Brexit insurance reforms May 31, 2022 Boris Johnson and Rishi Sunak are preparing to give a joint speech on planned post-Brexit reforms to the EU’s Solvency II insurance regulations. The speech will be concentrated around the UK’s opportunities post-Brexit and will come after the government’s plan to scrap a series of EU regulations on the City was announced in the Queen’s [...]
Ex-BCG partner Marcus Bokkerink tipped as next competition watchdog chair May 31, 2022 Retired senior partner at Boston Consulting Group has been named as the next chair of Britain's competition watchdog.
