House prices to face pressure well into 2024 despite positive updates November 14, 2023 Recent data on the UK's housing market has pointed in contradictory directions, but analysts remain confident that house prices will remain subdued well into 2024.
Three more lenders cut mortgage rates as others warned to ‘sharpen pencils or risk losing out’ November 14, 2023 First Direct, Halifax and HSBC UK have all cut their rates, while others have been warned they risk losing out.
Insolvencies jump 18 per cent in October as high rates squeeze firms November 14, 2023 The number of firms going bust in England and Wales has jumped yet again as the higher-for-longer interest rate environment continues to put pressure on businesses and consumers.
Yet another housing minister? It’ll alienate young professionals November 14, 2023 The political churn of ministers is doing nothing to solve the housing crisis, and it's the young who are suffering, writes Henry Hill.
Over £6,000 wiped off average house price in last four weeks November 13, 2023 The average price of a home coming on the market fell by more than £6,000, month-on-month, in November, according to Rightmove.
Klarna hits back at Moody’s over buy now pay later warning November 12, 2023 Klarna has hit back at a Moody's report, saying its characterisation of the riskiness of buy now pay later debt seems to “lack nuance”.
Jeremy Hunt: Inflation is ‘single greatest barrier to growth’ as UK economy flatlines November 10, 2023 Chancellor Hunt is due to give his Autumn statement on 22 November, with business groups saying he should take action to reduce inactivity in the workforce.
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
‘Watershed moment’: Nationwide cuts mortgage rates to sub-five per cent – while arrears keep climbing November 9, 2023 Nationwide has launched the first two-year fixed mortgage below five per cent since June as lenders face pressure to offer better deals in a fiercely competitive market.
The Notebook: Victoria Scholar on the retail winners this year November 9, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor