Andrew Montlake, of mortgage broker Coreco, said: “How long [these cuts] continue remains to be seen, and whilst rates could still have some way to fall and the market will be more competitive once more, I suspect the pace of reductions to slow as the market finds a new normal to stabilise.”
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Older workers ‘see biggest jobs fall since 1980s’
admin, , Business, 0
Nye Cominetti, senior economist at the Resolution Foundation, added: “In the face of the current crisis, unemployed older workers...
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Covid-19: More testing sites for key workers to avoid isolation in England
admin, , Business, 0
Announcing the new testing sites, Health Secretary Sajid Javid said: “Daily contact testing of workers in these critical sectors...
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Business groups call for stability as Johnson resigns
admin, , Business, 0
Kitty Ussher, chief economist at the Institute of Directors, the UK employers’ group, said: “What business hates most is...
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Rail disruption set to continue into next week after train cracks found
admin, , Business, 0
He told BBC business correspondent Katy Austin that while body shell cracking would not “cause the trains to crash...
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Homeowners ‘tearing their hair out’ over rising rates and rents
admin, , Business, 0
“I really feel for my tenants,” the 64-year-old says. “One of them is really struggling, she pays her rent...
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Julien Macdonald: Welsh fashion designer’s firm goes into liquidation
admin, , Business, 0
“Due to the loss and under-performance of several key contracts, including its main UK retail licensee, along with a...
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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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‘Serious deficiencies’ in Bank’s economy forecasts
admin, , Business, 0
Dr Bernanke’s review recommends the Bank must thoroughly update its whole framework for forecasting the economy, overhauling or scrapping...
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