The City regulator, the Financial Conduct Authority, said that mortgage lenders could now enforce repossessions of homes from borrowers unable to make repayments. These were paused during the Covid lockdowns. Despite the restart, lenders must adhere to strict guidance on when to repossess and only use it as a last resort.
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Cost of living: ‘My daughter won’t ask me for money for sanitary products’
admin, , Business, 0
Earlier in the week, Prime Minister Boris Johnson said: “We have got to do what we can, and we...
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Shanghai lockdown: China’s financial hub set to lift Covid curbs
admin, , Business, 0
Manufacturers in Shanghai, including western car makers Volkswagen and Tesla, have been particularly impacted by the restrictions as staff...
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Mortgages refused for self-employed who took Covid grants
admin, , Business, 0
“I feel unfairly penalised. Furlough has been brilliant in that it has protected my job. But I didn’t expect...
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Start-ups frustrated by HMRC’s ‘slowness and lack of communication’
admin, , Business, 0
“There are frequently significant backlogs at HMRC to review applications, which delays the timing of the payment of the...
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Mothers lose fight against two-child benefit limit
admin, , Business, 0
Carla Clarke, head of strategic litigation at Child Poverty Action Group, which represented the mothers and children, said: “This...
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McDonald’s runs out of milkshakes in England, Scotland and Wales
admin, , Business, 0
But faced with supply chain issues, it has decided to prioritise its big sellers at the expense of milkshakes....
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Plans for supermarket price cap on basic food
admin, , Business, 0
“This will not make a jot of difference to prices. High food prices are a direct result of the...
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UK wages fall at record rate as prices soar
admin, , Business, 0
Separately, the ONS also revealed that quarterly job vacancies fell for the first time since 2020. Between May and...
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