Robert Gardner, chief economist at Nationwide, said: “A prospective buyer, earning the average wage and looking to buy the typical first-time buyer property with a 20% deposit, would see monthly mortgage payments account for 43% of their take home pay – assuming a 6% mortgage rate.
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Debenhams set to close putting 12,000 jobs at risk
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image copyrightPA Media Debenhams stores are set to close after the failure of last-ditch efforts to rescue the ailing...
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Big Thames Water investor backs turnaround plans
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Thames Water, which serves a quarter of the UK population, has faced heavy criticism over its performance in recent...
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Lockdown: ‘The road to recovery just got longer’
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Roger Barker, director of policy at the Institute of Directors, said: “The Treasury must now bolster support for the...
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Will Nadhim Zahawi change tack on the economy?
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He acknowledged both he and the prime minister wanted a “low-tax, high-growth economy, and world class public services”, but...
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HMRC slammed as phone line waits get even longer
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It has used an answer by text service and told MPs that it did not have the resources to...
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Covid: Travel firms reject ‘overly cautious’ green list
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“Travellers will have an expectation that these new government rules should protect their health and their money, yet serious...
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HSBC to accelerate restructure plan to slash costs
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“These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy. I’m pleased...
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Covid: Airport support scheme to open in England
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Industry groups had warned there was only so long airports could “run on fumes”, following the announcement of the...
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