Prime minister ‘should be able to fire’ Bank of England governor: Top Tory October 2, 2023 The Prime Minister of the day “should be able to fire the governor of the Bank of England”, Lord David Frost has said.
London house prices fall 3.8 per cent in third quarter in ‘subdued’ market October 2, 2023 The cost of a home in London has fallen annually by 3.8 per cent in the three months to September, narrowing from a 4.3 per cent fall in the previous quarter, as the housing market shows signs of remaining fairly subdued despite cooling inflation. According to Nationwide’s latest report on the market, house prices were [...]
FCA in data protection scandal over ‘intercepting and diverting’ emails October 2, 2023 The Financial Conduct Authority is at the centre of a data protection scandal over a policy of “intercepting and diverting” emails of its staff to keep track of people “considered a nuisance”, according to reports. The UK’s data watchdog, the Information Commissioner’s Office, has concluded that the FCA had “infringed their data protection obligations” after [...]
Dorries by-election: Can Labour or Lib Dem flip Mid Bedfordshire? October 2, 2023 Ahead of a by-election to replace Nadine Dorries as MP, Labour and the Lib Dems have fought a fierce battle for the soul of Mid Bedfordshire.
Should we be paying more attention to the money supply in fight against inflation? October 2, 2023 The surge in inflation over the past few years caught most central banks and many economists by surprise.
Fintechs back digital pound arguing it will boost innovation and competition October 1, 2023 Fintechs are excited by the potential of a so-called digital pound arguing it will help spur innovation in the UK and create a more competitive payments environment.
Rising interest rates weigh on business confidence but glimmers of hope remain October 1, 2023 Business confidence remained subdued in September as the impact of rising interest rates weighed heavily on economic activity.
House sales fall by 16 per cent amid increase in mortgage rates – as industry looks at shoots of recovery September 29, 2023 The number of house sales fell by 16 per cent in August compared with the same month a year earlier, according to provisional HM Revenue and Customs (HMRC) figures. An estimated 87,010 home sales took place across the UK last month, which was 16 per cent lower than in August 2022 but 1% higher than [...]
Mortgage and remortgage approvals fall as higher interest rates hits property market September 29, 2023 New mortgage approvals fell to the lowest level in six months while approvals for remortgaging plummeted as rising interest rates dented the mortgage market.
Calls made to reinstate minister for pubs as sector faces closure fears September 29, 2023 Fresh calls have been made for the reinstatement of minister for pubs role in the UK, amid a challenging period for the sector as it continues to face inflationary headwinds and rising closures. It comes as part of a new report by think tank Localise – commissioned by the British Beer and Hospitality Association (BPPA) [...]