Nationwide agrees terms for £2.9bn Virgin Money takeover to create second-largest UK mortgages and savings provider March 7, 2024 Nationwide, the UK’s largest building society, has struck a preliminary agreement to acquire Virgin Money, Britain’s sixth-biggest high street bank, valuing the latter at around £2.9bn.
Spring Budget 2024: Hunt doesn’t rule out May election after £10bn tax cut March 6, 2024 Jeremy Hunt has announced the rate of National Insurance (NI) will be cut by two per cent in the Spring Budget as the government gears up for a rocky general election.
Spring Budget 2024: Renters worry as Hunt coaxes landlords to sell with capital gains tax cut March 6, 2024 Today's Spring Budget saw landlords receive a surprise handout from Chancellor Jeremy Hunt after he cut the rate of capital gains tax applying to residential property by four per cent.
The Notebook: When will the Bank of England begin cutting interest rates? March 6, 2024 Where the City’s experts have their say. Today, Interactive Investor's Victoria Scholar talks interest rates, star-studded weddings and Bitcoin.
LSL Property Services raises expectations as mortgage market improves March 6, 2024 LSL Property Services, one of the UK’s largest providers of mortgage and valuation services, appears to be on the up following an improvement in the UK housing market.
If he can’t cut taxes, the Chancellor must give Brits a stake in the economy March 6, 2024 The Budget is the government’s last chance to set out a vision for the economy before the next election – it should be one that supports hard work, investing and helps people be less dependent on the state, argues James Vitali A Budget speech is an exercise in storytelling: about where the economy is coming [...]
Foxtons’ revenues jump as bumper London rents boost balance sheet March 5, 2024 Foxtons said rents in the capital had hit the 'higher for longer' stage as it reported a year of operational progress
Spring Budget 2024: Six things to look out for March 5, 2024 One thing is certain in the Spring Budget: Hunt will cut taxes. We do not know exactly what taxes he will cut or by how much, but with the Conservatives trailing Labour by as much as 20 percentage points, tax cuts are guaranteed.
Wettest February on record leads to poor month for retail March 5, 2024 New figures from the British Retail Consortium (BRC) showed that retail sales increased 1.1 per cent in the year to February, down from 5.2 per cent last year and below the three-month average of 1.4 per cent.
One in five first-time buyers take out 35-year mortgages or longer amid economic turmoil March 4, 2024 Personal savings and mortgage lending were battered by inflationary pressures and higher borrowing costs last year, according to new data, amid a surge in home buyers take out loans with terms of 35 years or longer.