The City regulator, the Financial Conduct Authority, said that mortgage lenders could now enforce repossessions of homes from borrowers unable to make repayments. These were paused during the Covid lockdowns. Despite the restart, lenders must adhere to strict guidance on when to repossess and only use it as a last resort.
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Bank ‘optimistic’ as it edges closer to summer cut
admin, , Business, 0
But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right”...
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HS2: Government refuses to guarantee Manchester branch
admin, , Business, 0
“What we are going to end up with here is in the southern half of the country, a modern,...
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Kwasi Kwarteng: Investors wary as economic plan brought forward
admin, , Business, 0
Providing reassurance on that score will likely mean confirming unpalatable news for others. For most economists reckon that, even...
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Renters’ rights violations to be investigated
admin, , Business, 0
Since February, the CMA has been engaging with the government’s Levelling Up department, and various consumer rights groups, including...
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Driverless car firm Cruise to cut 900 jobs
admin, , Business, 0
In one incident from August 2023, the self-driving car hit someone at 1.4mph, while in the other incident, from...
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Royal Mail parcels overtake letters for first time
admin, , Business, 0
Royal Mail said that on its busiest day it processed 2.5 million tracked parcels while its international parcels business,...
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Warning winter energy bills to rise by more than expected
admin, , Business, 0
A spokesperson from the Department for Business, Energy and Industrial Strategy said: “While no government can control global gas...
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Households could be paid to turn down heating
admin, , Business, 0
Payments were likely to be at a similar level to last year’s £3,000 per MWh, it said, but how...
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