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Chancellor to hold talks with bank chiefs amid mortgage rate surge

The Chancellor is to meet with the UK’s banks and building societies amid turmoil in the mortgage sector sparked by the mini-budget market chaos. Kwasi Kwarteng will sit down with senior executives from high street lenders and the largest challenger ...

06 Oct 2022 at 09:33

Personal Finance

Average two-year fixed-rate mortgage hits 6% for first time since 2008

The average two-year fixed-rate mortgage on the market has breached 6% for the first time since 2008. The last time the average two-year fixed-rate home loan was 6% or more was in November 2008, when it was 6.31%, Moneyfacts.co.uk said. Across all ...

05 Oct 2022 at 15:44

Local News

Donegal house prices rise 1.8% in three months – survey

The price of the average second-hand three-bed semi in County Donegal has risen by 1.8% to €140,000 in the last three months, according to the latest national survey by Real Estate Alliance. Across the county, time taken to sell currently sits at ...

03 Oct 2022 at 11:33

Truss defends Government record amid concerns about rising interest rates

Liz Truss has said the Government will do “what we can” to support households over the coming months, amid growing concerns about the pressure rising interest rates will put on millions of people across the country. The Prime Minister insisted ...

04 Oct 2022 at 12:59

UK house price growth slows to 11-month low

UK house prices rose by 7.8% annually in June as growth slowed sharply in the face of pressure on households and rising interest rates, according to official figures. The Office for National Statistics (ONS) revealed that growth pulled back ...

17 Aug 2022 at 12:32

Soaring inflation pressures Bank to further hike interest rates, economists say

New inflation figures are likely to ramp up pressure on the Bank of England to once again rapidly hike interest rates when its decision-makers next meet, several experts have said. The Bank of England’s Monetary Policy Committee (MPC) is ...

17 Aug 2022 at 11:53

City

Chancellor urged to act over £750m in business rates disputes

Companies in England are still waiting for around £750 million in potential tax rebates, new research suggests. Experts on Monday called on the Chancellor to hurry the potential payments to firms that have challenged their business ...

15 Aug 2022 at 01:01

City

Persimmon reports strong housing demand despite revenue slump

Persimmon has hailed “strong demand” for its new homes despite posting a fall in revenues and profits for the past six months. The housebuilder provided a positive outlook for investors despite wider signals of a slowdown in ...

17 Aug 2022 at 13:23

Tory leadership tax cut promises ‘hard to square’ with UK’s future, experts warn

Promises of tax cuts made by the Conservative leadership candidates are looking increasingly implausible, experts have warned. The Institute for Fiscal Studies (IFS) said “permanent tax cuts” could exacerbate pressures on ...

18 Aug 2022 at 01:01

Sinking value of the pound ‘adds £5 to tank of petrol’

Drivers are paying an extra £5 for a tank of petrol due to the fall in the value of the pound, according to new analysis. Pump price savings from the cost of oil dropping back to where it was before Russia invaded ...

24 Sept 2022 at 01:01

Scotland

Review into increased neonatal death rates announced

A review is to be carried out into increased neonatal death rates, the Scottish Government has announced. It follows a higher than expected number of deaths in both March 2022 and September 2021, as published by ...

30 Sept 2022 at 18:42

Jump in mortgage approvals in August is ‘calm before the storm’

The number of home-buyer mortgage approvals increased sharply in August, to the highest level since January, according to the Bank of England. But experts said the jump in loan approvals is likely to reflect ...

30 Sept 2022 at 12:05

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