News
Cities where average price tag on a home has jumped highest in past decade
3+ hour, 41+ min ago (887+ words) Manchester has been identified as Britain's top hotspot for growth in average asking prices for homes in cities over the past decade. London languishes at the bottom of the list of percentage increases, compiled by property website Rightmove. The percentage…...
Bank of England boss defends Government bond-selling policy against critics
16+ hour, 4+ min ago (369+ words) The boss of the Bank of England has defended its Government bond-selling programme amid criticism that it is costly to taxpayers, including from Reform UK leader Nigel Farage. Andrew Bailey said the process of offloading debt was giving the Bank…...
Unemployment rate rises and vacancies slump in first signs of Iran war jobs hit
3+ week, 1+ day ago (638+ words) Britain's unemployment rate has risen and vacancies tumbled to a five-year low in the first signs of the Iran war taking its toll on an already under-pressure jobs market. Official figures showed the jobless rate rose unexpectedly to 5% in the…...
Bank of England set to hold interest rates despite Iran war pushing up inflation
1+ mon, 3+ week ago (593+ words) Bank of England policymakers will "almost certainly" hold interest rates at 3. 75% at their meeting next week despite the Iran war pushing up the cost of living, economists have said. However, experts have said a future interest rate increase could still…...
UK interest rate cut off the table amid Middle East conflict, economists say
3+ mon, 17+ hour ago (499+ words) Soaring energy prices caused by the war in Iran means an interest rate cut next week "makes no sense, with future reductions also hanging in the balance, economists have said. Economists have changed their opinion on what will happen to…...
DWP issues Universal Credit update to thousands of claimants 'help is at hand"
3+ mon, 10+ hour ago (372+ words) The Department for Work and Pensions (DWP) has issued an update about a Universal Credit change. It follows letters being sent out to certain claimants. Millions of people on older benefits have gradually been moved over to the new Universal…...
Workers missing out on millions in Pension Tax Relief following HMRC changes
5+ mon, 3+ day ago (322+ words) Workers in the UK are missing out on hundreds of millions of pounds in unclaimed pension tax relief each year, new analysis reveals. The majority of those earning over "50, 270 fail to claim the extra 2025% pension tax relief they're entitled to,…...
UK bank shares fall as fears raised in City over budget tax raid
9+ mon, 2+ week ago (899+ words) UK bank shares have dropped after an influential think tank said Rachel Reeves could raise billions of pounds for the public purse by imposing a windfall tax on lenders. City traders were reacting to a report from the Institute for…...