Card spending jumps in 2023 as Brits splash out on travel and booze December 29, 2023 Debit and credit card spending jumped this year despite inflation and higher household bills, as Brits forked out on holidays and booze.
Nationwide: House prices fell nearly 2 per cent in 2023 as higher mortgage costs bite December 29, 2023 House prices in the UK fell 1.8 per cent over the course of 2023, according to the latest data from the Nationwide House Price Index.
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?
Best of opinion 2023: From politics to Barbie, City A.M.’s top comment pieces of the year December 29, 2023 As 2023 comes to a close, we take a look back at the best of opinion from City A.M.'s columnists, from office politics to Barbiemania.
Wall Street drifts higher as a strong year for markets winds down December 28, 2023 Wall Street drifted to a slightly higher close as trading remained light during the holiday-shortened week. The subdued activity in the market with two trading days left in the year is capping off a broader rally to a strong finish. The S&P 500 is coming of its eight straight winning week and is hovering just [...]
Race for space ending as Londoners stay put in boost for capital’s property market December 27, 2023 Overall, Londoners spent £28.7bn on countryside homes in 2023, down 41 per cent from £48.8bn in 2021
Why 2023 might mark the end of the ‘London exodus’ as house prices stabilise December 26, 2023 Fewer Londoners ventured outside the M25 in 2023 to buy a home elsewhere, according to an index. Londoners collectively spent an estimated £28.7 billion on homes outside the capital this year, which was £11.7 billion less than in 2022, estate agent Hamptons found. It highlighted two factors at play in the market – the first [...]
The ‘debanking’ saga: What happened and where do the banks stand now? December 24, 2023 UK banking rules are in the midst of a shake-up after a turbulent year which saw former Ukip leader Nigel Farage spark a crisis at one of Britain’s largest banks.
Best of opinion 2023: Housing special December 22, 2023 Housing was a hot topic in 2023 – prices may have lowered a little (though by less than expected) but punishing mortgage rates and the impact of inflation have squeezed would-be buyers and sparked a mass landlord exodus. Renters’ rates have rocketed, up around 10 per cent year on year. All in all Londoners are [...]
Falling mortgage rates to provide support for house prices in 2024 December 21, 2023 Interest rates are expected to fall in the first half of next year after new figures showed that inflation dropped to 3.9 per cent in November, down sharply from 4.6 per cent the month before.