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Figures for England and Wales likely to worsen as UK goes into recession, say analystsBusiness insolvencies jumped 30% to a 13-year high in 2022 as government support programmes that offered companies protection from their creditors during the pandemic…
Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising inte…
Labour hopes plan for up to 2,000 properties will help younger people return to places they grew upThe Welsh government is tackling the “blight” of derelict homes in villages, towns and cities across the country by ploughing £50m into an empty homes sc…
Retail group says incident affected shoppers at JD, Size?, Millets, Blacks, Scotts and Millets Sport brandsThe fashion retailer JD Sports said the personal and financial information of 10 million customers was potentially accessed by hackers in a cyber…
Imminent deadline to sign up to Companies House register aimed at flushing out secretive owners will be missed by many firmsThousands of offshore companies with UK properties are still not publicly declaring their ultimate owners because they are contr…
Policymakers face balancing act between driving inflation down and risk of deepening economic slumpThe Bank of England is poised to raise interest rates for the 10th time in succession when its policymakers meet this week in a further squeeze on the fi…
Small recovery at end of 2022 likely to be short-lived, with Netflix’s new ads package failing to reignite growthBritish households cut more than 2m subscriptions to services such as Netflix, Prime Video and Disney+ last year, as the cost of living cri…
The government says the reform is necessary to keep the pension system solvent as France’s life expectancy has grown and birth rates have declined.
The Associated Press reports that America’s Federal Reserve Board “has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry’s attempts to build ac…
Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crashBritain’s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when the Bank of England is…