Borrowers ‘needn’t panic just yet’ after interest rates hike February 3, 2022 Real estate experts have said a rise in interest rates is “unlikely to dampen motivation to move” despite warnings that the news signals higher mortgage costs down the line. The Bank of England has hiked rates at successive meetings for the first time since 2004, with a majority of the Bank’s rate setters voting to [...]
CMA slaps pharma firms with £35m fine for illegal anti-nausea tablet arrangement February 3, 2022 Four pharmaceutical firms have been hit with an eye-watering £35m fine for an illegal arrangement in the supply of prescription NHS tablets.
Klarna clampdown? UK boss Alex Marsh says the time is right for regulation February 2, 2022 Klarna's UK boss tells Charlie Conchie why buy-now pay-later firms need regulation
Blackwell’s puts itself on the sale shelf after 143 years of family ownership February 1, 2022 One of the UK’s oldest booksellers Blackwell’s is looking to sell up after its 143-year history as it scraps plans to hand ownership of the business to its employees. As first reported by Mark Kleinman, the academic bookshop which has been owned by its founding family since its first store opened in Oxford in 1879, [...]
Strongest year-start since 2005: Brits fork out average of £255,556 on houses as prices soar February 1, 2022 Buyers are paying more than ever before for their homes with the average UK house costing 11.2 per cent more than it did last year.
First-time buyer hell: The London areas where you pay more than £20k per square meter January 31, 2022 New research has revealed the most expensive areas for homebuyers in the UK. The area where your money will get you the least floor space is Kensington & Chelsea, with an average cost of £28,509 per square metre, while another affluent area ranks second, with the average house in Westminster costing just over £1m, with [...]
The Hundred: Tournament to start in August with Brave vs Fire clash January 27, 2022 Domestic cricket’s newest sensation The Hundred will return at the start of August with men’s defending champions Southern Brave taking on Welsh Fire. The tournament will run from 3 August through to to a showpiece finals weekend on 2-3 September. Last year saw the competition play out its inaugural, controversial, season with Brave winning the [...]
Fervour for flats thanks to return to city working and ‘relatively modest’ price rises January 27, 2022 Demand for flats in London has hit its highest level for 19 months, as buyers looked to move closer to city offices. Estate agents have said an influx of overseas buyers from Hong Kong thanks to new visa rules has driven interest. The trend was revealed in Zoopla’s House Price Index, which found the average [...]
Getting on the property ladder: Here are the most affordable places in Britain for first-time home buyers January 21, 2022 In London, Bromley is the most affordable borough for first-time buyers, while Kensington is unaffordable for those trying to get onto the property ladder. Nationwide, Scotland remains the cheapest place to snap up a property. First-time buyers face spending at least six times their annual wages to get on the property ladder in nearly half [...]
Bulb Energy: Doomed supplier owed £254m to customers in pre-paid energy bills January 20, 2022 Bulb Energy owed £254m to customers who had paid for their electricity and gas in advance ahead of its collapse, according to the latest reports.