What the Bank of England’s interest rate cut means for your mortgage May 8, 2025 The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
House prices rise in April: ‘The market is baring its teeth’ May 8, 2025 House prices in the UK ticked up in April as the market unexpectedly bounced back from the end of stamp duty relief. According to Halifax, house prices increased by 0.3 per cent in April vs a fall of 0.5 per cent in March, making the average property now £297,781. Prices have been remarkably stable over [...]
Raiola Ratings, FPL gurus and €1m: What super agent’s family did next May 8, 2025 The larger-than-life, occasionally combustible figure of football super-agent Mino Raiola couldn’t have appeared further from the world of number-crunching and algorithms. The late transfer broker, whose clients included Zlatan Ibrahimovic, Paul Pogba and Erling Haaland, always seemed far more into pressing the flesh and pouring champagne than poring over data. But one strand of the [...]
TSB Bank’s profit rockets from stamp duty rush and cost-cutting May 8, 2025 TSB Bank’s cost-cutting plans and a rush to beat the stamp duty deadline imposed by Chancellor Rachel Reeves helped bolster profits in the first quarter. The Edinburgh-headquartered lender increased profit before tax to £101.3m for the first three months of 2025 – an 89 per cent jump from £53.4m in 2024. Operating expenses fell 4.7 [...]
UK construction crumbles in April as ‘bumpy ride’ continues May 7, 2025 UK construction endured another month of collapsing output in April, new research has suggested, in signs that a turnaround in the sector is still distant. The sector has now seen a decline in output over four consecutive months, according to S&P Global’s newest purchasing managers’ index (PMI). Civil engineering remained the weakest area of construction [...]
What a trade deal with India means for the UK May 7, 2025 The UK government is heralding a “new era” for British business: after three years of negotiations, a free trade agreement has been signed with India. This is the third agreement the UK has brokered since Brexit and it is also the biggest of them all, given India is the largest single economy that the UK [...]
Brighton Pier Group joins JP Jenkins after quitting AIM May 6, 2025 Brighton Pier Group has become the latest business to join liquidity venue JP Jenkins after quitting the AIM stock market. The company, which owns Brighton Palace Pier, the Lightwater Valley Family Adventure Park and a group of bars and mini-golf sites, unveiled its plans to exit AIM in early April, after complaining of high costs, [...]
Mortgage borrowing surges ahead of stamp duty changes May 1, 2025 Net borrowing or mortgages spiked by £9.7bn in March as house buyers looked to clinch deals before higher stamp duty taxes came into effect. Net borrowing levels exceeded £13bn, according to the Bank of England, as the rise compared to February beat market forecasts of £3.2bn. EY ITEM Club’s Matt Swannell said the surge in [...]
House prices drop an ‘eye-catcher’ due to stamp duty changes April 30, 2025 UK house prices fell in April at their fastest month-to-month rate in nearly two years, fresh data has suggested, as adjustments to stamp duty knocked demand. Prices declined by 0.6 per cent in April compared to the previous month, according to Nationwide. The drop was attributed to stamp duty changes, introduced by Chancellor Rachel Reeves [...]
Cheaper mortgages to support sales as house price growth slows April 29, 2025 Lower demand and higher supply caused house price growth to slow in March, but analysts expect an improvement in affordability to boost prices in the coming months. House price growth slowed to 1.6 per cent annually in March, down from 1.9 per cent at the end of 2024, according to Zoopla’s latest house price index. [...]