House prices have fallen for the sixth month in a row and dropped 1.1% in the year up to last month, according to one of the UK's biggest mortgage lenders.
The building society said it regularly reviews its mortgage rates.
Rate effectively charged on Labour leader’s income 10 percentage points higher than on prime minister’s, analysis shows
When Sarah Marshall and her husband bought their forever home in 2018 they thought nothing of the 1.5pc rate of their five-year fixed mortgage.
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Bank hits mortgage holders with extra 0.25 percentage point rise
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Andrew Bailey and Jeremy Hunt faced an unwelcome surprise on Wednesday morning.
Inflation will fall more than expected in the near term after the Government decided to extend its energy bills support, according to the Bank of England.
A huge rise in borrowing costs threatens to squeeze buy-to-let profits, at a time when many of the tax perks once enjoyed by landlords have evaporated.
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STORY: Richard Branson’s Virgin Orbit has been in difficulty since the failure of its first attempt to launch satellites from UK soil earlier this year. It had to suspend operations amid a shortage of cash. Now a saviour may have emerged. Texas-based investor Matthew Brown is set to put $200 million into the company via a private share placement. That’s according to documents seen by Reuters. The deal is expected to close on Friday (March 24). There was no comment on the report from either party. If confirmed it would be a major vote of confidence in Virgin Orbit, which has seen its market capitalisation slump. The firm has received extra cash from Branson in recent months, but said it was exploring other options. Shares in the firm more than doubled in U.S. pre-market trade following the Reuters report. On Wednesday (March 22) there were signs that Virgin Orbit was getting back to work. The company said it would recall some workers the following day to start preparing for a new mission. Almost all staff had been put on furlough earlier in the month.
Ford expects its electric car business to lose $3bn (£2.4bn) this year as it ratchets up spending on new models and the factories to build them.
There was some unexpected good news buried in the documents released by the Bank of England alongside its interest rate decision today. Only a month ago the Bank had expected that the UK would face a technical recession this year with the economy shrinking in the first and second quarters of the year (a formal recession is two successive quarters of contraction). Indeed, many would point out that the definition of a recession is, anyway, rather arbitrary.
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The Bank of England has raised interest rates by 0.25 per cent today
The Lloyds share price has fallen since its early 2023 recovery, although it's holding up so far. But dangers still lie ahead for the bank. The post 3 things that could tank the Lloyds share price appeared first on The Motley Fool UK.
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