More than 400,000 people will see their existing fixed deals end between July and September, a comparatively high number. Many face the prospect of having to budget for monthly repayments that are hundreds of pounds more expensive than they have become accustomed to.
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Elon Musk announces new AI start-up
admin, , Business, 0
Mr Musk purchased the microblogging platform in a deal worth billions, before making sweeping changes which led to many...
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Budget removed uncertainty for house buyers, says the Halifax
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“The new mortgage guarantee scheme is another welcome development from this week’s Budget. Whilst mortgage approvals have reached record...
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Nike and Costco warn of product shortages and delays
admin, , Business, 0
“The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw...
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Government showed ‘unusual’ interest in Greensill
admin, , Business, 0
During Greensill’s accreditation to CLBILS in May 2020, the Bank reiterated to Greensill the scheme rules around group lending,...
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Bank ‘optimistic’ as it edges closer to summer cut
admin, , Business, 0
But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right”...
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Post Office victims had lives ‘utterly destroyed’
admin, , Business, 0
Mr Stein added that the latest phase of the inquiry had shown an “appalling lack of professionalism of lawyers,...
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Deliveroo shares tumble on stock market debut
admin, , Business, 0
Some of the UK’s biggest investment fund managers, including Aberdeen Standard, Aviva Investors, BMO Global, charity fund manager CCLA,...
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Shopping trips set to fuel economic rebound
admin, , Business, 0
EY’s chief economic adviser, Howard Archer, said that the latest forecast suggested the economy would “emerge from the pandemic...
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