May 9, 2024 | Current Affairs
The property market's recovery has faltered due to rising mortgage rates, which are deterring potential homebuyers, according to the latest survey from The Royal Institution of Chartered Surveyors (RICS). After three consecutive months of increased activity, new...
May 8, 2024 | Business RegulationCurrent Affairs
The Treasury Committee has warned about the negative impacts of unfair banking practices and inadequate financial regulation on small and medium-sized enterprises (SMEs). The report, stemming from an inquiry into SME access to finance, highlights the struggles these...
May 7, 2024 | Current Affairs
UK borrowers might have to wait longer for interest rate cuts as the Bank of England's (BoE) Monetary Policy Committee (MPC) is expected to maintain the current rate of 5.25% in its upcoming decision. This rate has remained unchanged since August last year. The...
May 3, 2024 | Current Affairs
The Organisation for Economic Co-operation and Development (OECD) has forecasted that the UK's gross domestic product (GDP) will increase by only 1% in 2025, placing it below other G7 nations such as Canada, France, Germany, Italy, Japan, and the US. The UK economy is...
May 2, 2024 | Current Affairs
UK house prices declined for the second consecutive month in April, influenced by uncertainties around interest rates and rising mortgage costs, which impact the traditional spring homebuying season. According to the Nationwide Building Society, April's average house...
