He said mortgage rates were now at more historical norms, but would still be painful after years at a low level. Many were choosing a two-year, rather that a five-year, deal in the hope rates would fall further, although there were no guarantees of that scenario.
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UK space race investment ‘is heating up’
admin, , Business, 0
“There is a massive global appetite from investors, but the majority of new space companies are still private, from...
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Dutch to restrict chip equipment exports amid US pressure
admin, , Business, 0
“The uncontrolled export of goods and technologies therefore potentially poses national security risks,” she added. “The Netherlands bears an...
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MH370: Could missing Malaysian Airlines plane finally be found?
admin, , Business, 0
Mr Gleave said: “If you are choosing to hide the aeroplane in the Southern Indian Ocean, just make sure...
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Driverless car firm Cruise to cut 900 jobs
admin, , Business, 0
In one incident from August 2023, the self-driving car hit someone at 1.4mph, while in the other incident, from...
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Tesco vows to rein in prices as profits treble
admin, , Business, 0
However, products that require a lot of energy to produce are experiencing the highest cost pressures. Tesco accepted a...
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Fears for 5,000 UK steel jobs as lender collapses
admin, , Business, 0
“The joint administrators are in continued discussion with an interested party in relation to the purchase of certain Greensill...
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Strong job gains in US add to economic puzzle
admin, , Business, 0
“Perhaps the report details, with the unemployment rate rising and average hourly earnings growth slowing, tilts the decision to...
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UK wage growth lags rising cost of living
admin, , Business, 0
This is hard to reconcile with the more reliable but less up-to-date quarterly figures, showing pay rises at 3.7%,...
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