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It’s a travesty that a top minister quit because he can’t afford his mortgage
Experts like ex-science minister George Freeman should be able to afford to be in government.
Experts like ex-science minister George Freeman should be able to afford to be in government.
A reduction in rental supply has coincided with soaring demand, causing average asking rents to rise by 33 per cent since the pandemic.
Higher interest rates are biting into house prices which have fallen for the fourth consecutive month in July.
At last the chance to free up the City from Brussels and Mifid 2.
As mortgage holders roll off their old, ‘cheap’ fixed deals and onto new contracts with much higher interest rates, they will face a substantial cut to disposable incomes.
Jeremy Hunt insisted that government support to mortgage holders would simply prolong the “inflationary agony”.
Banks are making bumper profits – but the government’s temptation will be to intervene to help struggling mortgage-owners.
While the updated growth figures still anticipate relatively sluggish growth this year and next, it’s a dramatic change from doom-laden warnings of a few months ago.
Daily Briefing: The Bank of England has unveiled its steepest interest rate rise in 33 years, as it warns that the UK is set to endure the longest recession since the great depression.
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