Budget to dent prime property market December 5, 2024 Measures introduced in the October Budget will weigh on the UK’s prime property market next year, with the value of prime central London (PCL) homes in line for a four per cent hit, a forecast has shown. Fresh analysis by Savills said that changes to the stamp duty charged on second homes, VAT on school [...]
House prices rise at fastest rate in two years – Nationwide December 2, 2024 New figures from Nationwide show that house prices rose by 3.7 per cent year-on-year last month, up from 2.4 per cent the month before.
Week ahead: Frasers Group and Berkeley results in focus December 2, 2024 Mike Ashley’s Frasers Group and housebuilder Berkeley are among the FTSE 100 firms due to report earnings this week, while investors will also be paying close attention to US jobs data.
Budget: Parents facing 20 per cent childcare fee hike after NIC raid November 30, 2024 Experts are suggesting parents will face up to a 20 per cent increase in fees to cover rising costs at British nurseries. The sector warned on Friday there will be a “disproportionately adverse” impact on women who want to work and children’ s health. This comes after the government’s Autumn Budget included an increase in [...]
UK property market surges but warnings of Budget’s impact linger November 29, 2024 Transactions in the UK residential property hit over 100,000 in October but expects warn the full impact of the Budget has yet to be filtered in
UK mortgage approvals rose to more than two-year high before Budget November 29, 2024 UK lenders approved the most mortgages in more than two years last month as Britain’s housing market proved resilient ahead of the new government’s first Budget. Banks and building societies gave the green light to 68,300 loans for house purchase in October, according to data from the Bank of England. That figure is the highest [...]
UK housing market returns to growth as north outpaces south November 29, 2024 Zoopla has predicted positive house price growth in all regions and counties of the UK in 2025, with the north expected to outpace the south. The real estate platform has forecast sales growth at five per cent and house price growth at 2.5 per cent across the UK, with the fastest price increases in Northern [...]
Coventry Building Society to take over Co-op Bank in January November 28, 2024 Regulators have given the green light for Coventry Building Society to acquire The Co-operative Bank in January as consolidation sweeps through Britain’s mid-sized banking sector. The two lenders said on Thursday that the Financial Conduct Authority and Bank of England’s Prudential Regulation Authority had approved the £780m deal, which was agreed in May. The takeover [...]
Forget Reeves’ CV – there’s a bigger transparency problem in monetary policy November 28, 2024 The real discussion shouldn’t be about whether Reeves deserves to call herself an “economist”. It should focus on the unchecked power of current central bank leaders, the far-reaching consequences of their decisions, and how we hold them to account, says Tim Focas The recent controversy over Rachel Reeves’ tenure as an economist at the Bank [...]
Nationwide banks £2.3bn gain from Virgin Money takeover as profit tumbles November 27, 2024 Nationwide has bagged a £2.3bn gain from its acquisition of Virgin Money, setting up a windfall for members of Britain’s biggest building society.