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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Banks must refund fraud up to £85,000 in five days
admin, , Business, 0
UK banks must refund fraud victims up to £85,000 within five days under new rules. Most High Street banks...
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Post Office scandal: Chairman Henry Staunton had to go as it ‘wasn’t working’ – Badenoch
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But, she continued: “I decided given all of the difficulties the Post Office is having, it’s not just about...
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HS2 leg to Leeds will go ahead, says Shapps
admin, , Business, 0
Maria Machancoses, chief executive of Midlands Connect, a government-funded regional transport body, said: “While these verbal commitments are encouraging,...
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Severn Trent to ‘spend billions’ upgrading network
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Severn Trent said the plan would also help it to reduce leakage by 16% and prompt a 30% reduction...
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US labels Switzerland a currency manipulator
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The designations came in the US Treasury Department’s semi-annual report, which examines currency practices of major US trade partners.
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Liberty Steel: ‘If we lose the plant it will decimate Rotherham’
admin, , Business, 0
Over the decades steel workers like Chris have seen a fair amount of upheaval at the Rotherham plant, and...
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‘Another lockdown would be disastrous for our business’
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Image copyright Arc Inspirations Image caption Martin Wolstencroft says restaurants have no idea how to plan for Christmas A...
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Energy bills to soar by £693 from April
admin, , Business, 0
Jonathan Brearley, chief executive of Ofgem, said: “We know this rise will be extremely worrying for many people, especially...
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