Inflation may give homeowners MORE mortgage pain after Bank of England base interest rate rise

Millions of homeowners face MORE mortgage pain in new year: Bank of England’s chief economist warns ‘a lot more rate hikes’ could come if inflation persists Huw Pill was today asked whether there would be ‘a lot more rate hikes to come’ Asked if it may come if inflation stayed the same, he said: ‘Well … Read more

UK house prices could grow by 35% between 2020 and 2025

The average property price could still grow by up to 7 per cent in 2022, according to one forecast – as separate research revealed that Merseyside and Lancashire towns have seen the biggest collective price growth since the pandemic began.  High-end estate agent Strutt & Parker has predicted that prices will increase by 7 per … Read more

NatWest’s online banking is working again after two-hour outage

NatWest’s online banking system is back up and running after customers were left unable to access their accounts during an outage that lasted for almost two hours. According to Down Detector, which monitors website outages, hundreds of users began experiencing issues from around 12:30 BST. NatWest said the problem was resolved at about 14:30 BST … Read more

Primark sets new sales records as shoppers flood back to its stores

Primark fashions new sales records as shoppers flood back to its stores after lockdown By Daily Mail City & Finance Reporter Published: 22:04 BST, 1 July 2021 | Updated: 22:06 BST, 1 July 2021 Primark has set sales records after post-lockdown demand surged.  Several records were set in its stores following the easing of restrictions, … Read more

Rishi Sunak ‘wants City of London to be excluded from G7 tax crackdown’

Rishi Sunak ‘is pushing for the City of London to be excluded from new global tax crackdown’ despite leading G7 efforts to make big firms pay more G7 finance ministers agreed plan last weekend to introduce global tax changes Plan designed to make big firms pay their fair share of tax where they operate  But … Read more

UK minimum wage increases 2.2%, with pay rise for 2m low-paid workers

Pay hike for 2million low-paid workers as minimum wage increases today by 2.2%… more than £300 extra a year for full time staff The National Living Wage rises by 2.2 per cent to £8.91 per hour from Thursday The boost is the equivalent of £345 extra per year for someone working full time The rate … Read more

UK first-time homebuyers need £59k deposit – up £12k on a year ago – study finds

First-time buyers need average deposit of nearly £59,000, which is £12,000 more than a year ago, study finds First time buyers need £12,000 more for a deposit than this time last year Halifax study found deposit requirement increased in every region of the UK Wales was found to have most significant increase with average amount increasing … Read more

Rishi Sunak Budget ‘super deduction’ could wipe Amazon corporation tax bill to ZERO, say campaigners

Rishi Sunak’s ‘super deduction’ could let Amazon wipe out its bill: Online giant’s corporation tax could be cut to zero, campaigners warn The online retail giant’s British sales soared 51 per cent to £19.4billion last year Its warehousing arm paid £6.3mil in tax in 2019 despite raking in £3bn in sales But campaign groups say … Read more

Budget 2021: Speaker Lindsay Hoyle slams Rishi Sunak PR drive

Commons Speaker Lindsay Hoyle slams Rishi Sunak’s Budget PR drive complaining about pre-briefing and saying Chancellor shouldn’t be ‘dashing off’ for press conference Chancellor Rishi Sunak will deliver his eagerly-awaited Budget at 12.30 today Much of the detail of the Budget has been released ahead of time by Treasury Lindsay Hoyle said ‘tradition matters’ and … Read more

Number of single-parent families in the UK falls as fewer couples split up over money

Number of single-parent families fell as fewer couples split up over money after UK economy bounced back from 2008 financial crisis, new figures show Office for National Statistics found number of single-parent families had fallen  Family lawyer suggested reason for less breakups is improvement in finances  Unmarried couples living together with children has increased since … Read more

Spring Budget 2021: Tax rises on white wine ‘hit women hardest’, campaigners say

Women are being unfairly penalised for their love of wine with big tax rises, campaigners say Television host Kate Thornton said increase in duty would ‘hit women hardest’  Wine Drinkers UK asking Rishi Sunak to cut Excise Duty on wine in the Budget  Survey found 43 per cent of women favour wine, compared to 21 … Read more

Britain’s economy will lose £18 BILION if international travel restrictions remain in place

Britain’s economy will lose £18 BILION if international travel restrictions remain in place until the summer, MPs warn Aviation group found lack of tourists would cause loss of £7.5bn to hospitality  Outbound travel is expected to be hit with losses of £10.5bn with restrictions  Bosses have said that government needs to offer significant support package  … Read more