Take mortgages. In the early 2000s, more than seven out of 10 residential mortgages were on variable or tracker rates, immediately impacted by rate hikes. Today, it’s 15% of homeowners. Even adding in the 1.8 million who are re-mortgaging this year, means it’s still, contrary to a couple of decades ago, the minority of mortgage holders who will be affected.
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Wetherspoons runs low on beer amid driver shortage
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“Government must address the HGV driver shortage by rapidly increasing the number of HGV driving tests taking place, providing...
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What a $1 deal says about America’s office market
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His next door neighbour, 360 Park Avenue South, has been empty since 2021 for redevelopment. The 20-storey building, which...
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“A combination of Covid-19 restrictions, the backlog from the Suez Canal blockage, increasing global demand for shipping containers, disruption...
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Dutch to restrict chip equipment exports amid US pressure
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“The uncontrolled export of goods and technologies therefore potentially poses national security risks,” she added. “The Netherlands bears an...
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Ex-Nissan boss Carlos Ghosn: How I escaped Japan in a box
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Mr Ghosn was taken to the Tokyo Detention Centre where he was given prison clothes and confined to a...
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Covid: ‘Our 10 days of hotel quarantine are finally over’
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UK residents arriving in England from so-called “red list” countries need to self-isolate in hotels for 10 days as...
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Oil cartel leader warns of prolonged high prices
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Brent crude, a benchmark for prices, breached $95 a barrel on Tuesday amid predictions of shorter supplies, with fears...
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Covid: Two tests for all UK arrivals during quarantine
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Speaking at Monday’s coronavirus briefing, Prof Jonathan Van-Tam said: “The more elaborate your plans are for summer holidays, in...
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