Bank of England’s surprise rate hike spurs U.K. recession fears
The size of the Bank of England’s 13th hike in a row was somewhat of a surprise, with most economists predicting a smaller quarter-point increase.
money
Discord Is Opening the Monetization Floodgates
Discord is introducing new ways to generate revenue, including server subscriptions, tiered subscriptions, and the ability for server owners to sell digital products. This move has raised concerns among some users who feel that Discord is becoming less…
Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’
Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowersLabour has piled further pressure on Rishi Sunak to take action to help struggling mortgage holders as the Bank of England prepares to raise inter…
Wednesday briefing: How to solve the UK’s mortgage mess, as interest rates rise again
In today’s newsletter: Rising inflation and interest rates mean real pain for homeowners – with few signs of relief on the waySign up here for our daily newsletter, First EditionGood morning. Some call it a catastrophe. Others prefer crisis, “ticking t…
UK mortgage rates rollercoaster is the price to pay for cheap, short-term deals
Borrowers who made a short-term choice after the 2008 banking crisis were lucky – current borrowers have been equally unluckyAs mortgage lending rates surge to levels not seen since the banking crisis, some borrowers are wondering whether there is some…
Mortgage ‘ticking timebomb’ I warned of has exploded, says Martin Lewis
Comments come as data shows average two-year fixed rate rises to 6.07%, and five-year to 5.72%Business live – latest updatesThe consumer champion Martin Lewis has said the mortgage “ticking timebomb” he warned the UK government about last year has “exp…
Fixing UK’s draughty homes could add £40bn to economy, says Citizens Advice
Report finds that raising minimum energy efficiency standards by 2030 could have huge impact beyond billsFixing Britain’s draughty homes could add almost £40bn to the economy by the end of the decade by cutting energy use and improving health, accordin…
Sunak says no extra help with mortgages as fixed rates climb to 6%
Prime minister says no new support available for households struggling to pay loans Business live – latest updatesRishi Sunak has ruled out extra help for UK homeowners struggling to pay soaring mortgage costs, as the average two-year fixed-rate loan r…
Church of England vicars demand pay rise to cope with cost of living crisis
C of E clergy and lay staff represented by Unite ask for 9.5% increase in first ever claim Church of England vicars have become the latest group of workers to demand a pay rise in the face of the cost of living crisis, as Unite’s general secretary, Sha…
Retired British woman volunteering in Ukraine has bank account shut by Lloyds
Former social worker now helping in Kherson says her account was closed after missing a text messageA retired social worker who has spent the past year doing humanitarian work across Ukraine – frequently dodging missiles and other attacks – was left wi…