The recent rises in mortgage costs are also likely to have a knock-on effect on renters who could face higher payments as landlords seek to recoup the rising cost of higher mortgages. Squeezed landlords may decide to sell properties, which could lead to fewer homes available to rent, according to the National Residential Landlords Association.
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What a $1 deal says about America’s office market
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His next door neighbour, 360 Park Avenue South, has been empty since 2021 for redevelopment. The 20-storey building, which...
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Older workers ‘see biggest jobs fall since 1980s’
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Nye Cominetti, senior economist at the Resolution Foundation, added: “In the face of the current crisis, unemployed older workers...
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Spring Statement: Borrowing figures give Rishi Sunak ‘wiggle room’
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Sir Charlie Bean, who was responsible for economic forecasts at the government’s independent forecaster, the Office for Budget Responsibility...
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Bloomsbury sees higher profits thanks to reading ‘ray of sunshine’
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Nigel Newton, chief executive, said: “The popularity of reading during lockdown is a ray of sunshine in an otherwise...
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Black Friday: Amazon staff in Coventry strike
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“We also work hard to provide great benefits, a positive work environment and excellent career opportunities. These are just...
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Energy price cap to be reviewed as firms go bust
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“The reality is most of the companies, if not all of them that have sadly failed, have done so...
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‘We’ll have to increase taxes’, says Reeves
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The chancellor has said the government will likely raise some taxes in October’s Budget after months of speculation about...
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Prepay energy customers disconnect over price rises
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Energy firm Utilita has over 800,000 customers, most of them on prepayment smart meters. At the company’s headquarters in...
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