UK housing sales on track to sink to lowest level since 2012 August 30, 2023 The number of housing sales completed over 2023 is on track to sink to its lowest level since 2012, when Britain was still reeling from the financial crash, as higher borrowing costs continue to decimate the market. Sales are also set to be 21 per cent down on last year, according to new data from [...]
High street banks pull back from SME lending despite increasing demand August 30, 2023 Small and medium-sized enterprises (SMEs) are finding it increasingly difficult to access funding from high street banks, new data out today shows. According to data from fintech firm iwoca, 84 per cent of finance brokers said high street banks were increasingly reluctant to lend to SMEs. This was seven percentage points more than the quarter [...]
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Only one in five think the Bank of England is doing a good job – but they still trust it more than politicians August 29, 2023 Just 18 per cent of the public think the Bank of England are doing a good job, but a majority still think politicians should not be given control of monetary policy.
Two thirds of home buyers in London getting help from Bank of Mum and Dad August 28, 2023 Over two-thirds (67 per cent) of all homeowners in London receive parental support to purchase their homes, a report released by Legal and General (L&G) has shown. ‘Bank of Family’ recipients in London received £30,200 on average to support their transaction, only beaten by those in the East of England who received an average of [...]
Will the tail-end of summer mean more pain for the UK housing market? August 26, 2023 August, like much of the summer, has already proved a tricky month for the housing sector. Despite all major central banks slashing their rates in the wake of cooling inflation, buyer confidence still appears to be low. Last week’s Rightmove figures showed that the average price of a home fell by 1.9 per cent in [...]
Explained: How Tour Championship format works and FedEx Cup prize money is shared August 26, 2023 This weekend’s finale to the PGA Tour promises to answer a host of questions, but the most pressing for casual golf fans may surround the unusual mechanics of the Tour Championship format and the way that $75m of FedEx Cup prize money is carved up. From a sporting point of view, the most intriguing storylines [...]
Notting Hill Carnival and Reading Festival-goers brace for rail strike disruption August 25, 2023 Rail passengers will face fresh travel disruption on Saturday because of another strike in the deadlocked dispute over pay, jobs and conditions. Around 20,000 members of the Rail, Maritime and Transport (RMT) union at 14 train operators will walk out, crippling services across England. The latest stoppage in the row, now in its second year, [...]
Cluttons swaps West End for Square Mile with new London HQ in Cannon Street August 25, 2023 Property consultancy Cluttons has moved its London office headquarters from the West End to the City. The estate agent has taken a 10-year lease at Yarnwicke on Cannon Street and will occupy 8,551 sq ft of space. It comes as Cluttons said it has experienced a period of “sustained growth” having hired a number of [...]