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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Retail sales drop in July as rain dampens demand
admin, , Business, 0
He said that while its outdoor toy sales were “substantially down” on a year ago, “our indoor sales, whether...
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Firms opt for smaller Christmas parties over Omicron fears
admin, , Business, 0
“The government needs to recognise that, while restrictions are not in place for the hospitality and night time economy...
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Post Office paid Fujitsu £95m to extend Horizon
admin, , Business, 0
When Fujitsu won the contract to install computer terminals in over 17,000 Post Office branches around the UK, it...
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Food production in the UK at risk of moving overseas, warns industry
admin, , Business, 0
“We’ve got a very highly skilled, well run food manufacturing sector in this country at the moment which exports...
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Ex-Post Office boss Paula Vennells stripped of CBE
admin, , Business, 0
However, he added: “As has been said more generally about Paula Vennells’ involvement in various committees and working groups...
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‘Satan Shoes’ to be recalled as Nike agrees to settle lawsuit
admin, , Business, 0
The song features the rapper, who came out as gay in 2019, celebrating his sexuality and rejecting attempts to...
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Recession looms as UK economy starts to shrink
admin, , Business, 0
And while some of the monthly hit in September can be explained by the extra bank holiday, the hit...
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US aims to limit China’s role in electric cars
admin, , Business, 0
“This administration is, yet again, trying to find workarounds and delays that leave the door wide open for China...
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