When a fixed term comes to an end then a borrower reverts automatically to their lender’s standard variable rate (SVR). But brokers say these SVRs have soared, meaning anyone who adopts a wait and see approach would see a massive jump in the rate they pay, and therefore a much higher monthly mortgage bill.
Leading hedge fund manager Sir Paul Marshall of Marshall Wace recently described the London financial markets as a “Jurassic...
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“It’s unlikely that the removal of Kwasi Kwarteng as chancellor and the new plans to cancel the cancellation of...
A statement from the business department said: “Our Plan for Growth will deliver significant public investment in the infrastructure,...
This is hard to reconcile with the more reliable but less up-to-date quarterly figures, showing pay rises at 3.7%,...
Labour’s plans to upgrade workers’ rights will cost businesses up to £5bn a year to implement, according to the...
According to Twitter, the tweets that resulted in Mr Trump’s ban for “glorification of violence” were from 8 January,...
Robert Gardner, chief economist at Nationwide, said: “A prospective buyer, earning the average wage and looking to buy the...
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