6 h. ago Banks can now lend £30,000 more to average mortgage borrower, says FCA boss

Chief executive Nikhil Rathi said the changes are ‘a risk worth taking, allowing more people the security that comes with home ownership’.

Economics

4 d. ago All the benefits of the Cotswolds without the price tag: Inside Britain's forgotten countryside idyll where the average house costs £239,000

While the Cotswolds stood out as the destination du jour for metropolitan emigres pre-pandemic, a new rural hub is catching the attention of families seeking a slice of The Good Life.

Economics

5 d. ago Santander demands Government action over FCA’s proposed motor finance compensation scheme

SANTANDER UK has scrapped its third-quarter results — demanding Government action over the FCA’s proposed motor finance compensation scheme. Boss Mike Regnier warned the plans could hit the car finance market and wider automotive sector, risking significant job losses. He called for changes to address “concern in the industry and market to the proposed Financial...

Politics

7 d. ago Vanessa Feltz is taken off air as Channel 5 shelve her talk show after seven months to make way for the Christmas schedule

The programme attracts an average 50,000 viewers per 70 minute show - significantly lower than competitor Jeremy Vine.

Politics

7 d. ago Vanessa Feltz suffers major setback as her Channel 5 chat show 'is shelved and staff are told their contracts will end' just seven months after launch

The programme attracts an average 50,000 viewers per 70 minute show - significantly lower than competitor Jeremy Vine.

Politics

8 d. ago EY’s partner pay rises 9% to average £787,000 despite consulting slump

Deals advisory arm reverses decline amid ‘challenging market’ for Big Four firm

Economics

8 d. ago People ‘spend more than £2,000 on average annually maintaining friendships’

Nearly a third of people said the money they spend on their friends is worth every penny, cashback provider Rakuten said

Economics

9 d. ago DWP alert as 760,000 pensioners missing out on average of £4,300 a year

Pension Credit is the most under-claimed benefit in the UK - here's what you need to know

Economics

1 week ago Return of banker bonus bonanza fuels City pay boom as average hits £100,000

Abolition of banker bonus cap in 2023 has unleashed new six figure pay boom in the Square Mile

Economics

1 week ago Two major banks CUT mortgage rates as lower inflation gives borrowers glimmer of hope

Two major banks have cut their their mortgage rates on news interest rates could now fall faster than expected.

Economics

1 week ago Average full time pay for City workers smashes through £100,000 barrier for the first time

Abolition of banker bonus cap in 2023 has unleashed new six figure pay boom in the Square Mile

Economics

1 week ago The average family is now spending $27,000 a year on health insurance, report finds

Workers pay 26 percent of family premiums while employers cover the remaining 74 percent, KFF’s annual Employer Health Benefits Survey found

Society

2 w. ago European leaders near deal to use frozen Russian assets for Ukraine

Plans to secure loan with Russian funds ‘moving to happy resolution’, says Polish foreign ministerEuropean leaders, including in the UK, are increasingly confident a proposal to lend Ukraine €140bn (£159bn) secured on frozen Russian central bank deposits can be agreed by the end of the year, in a move deemed critical for Kyiv to maintain its defence effort.Proposals from the European Commission were discussed at a meeting of G7 finance ministers in Washington last week and will be debated at an EU leaders summit on Thursday in Brussels. US participation remains uncertain. Continue reading...

Politics

2 w. ago Stock markets hit by US regional bank worries and trade tensions – business live

Rolling coverage of the latest economic and financial newsFears are swirling today that we could be facing a repeat of the US regional banking crisis of 2023.That episode led to the demise of US bank SVB and then Europe’s Credit Suisse.An initially positive risk mood turned during the US session yesterday after news that Zions Bancorp (-13.14%) made a $50m charge-off while Western Alliance (-10.81%) alleged it also suffered from fraud on loans to the same borrowers linked to distressed commercial mortgages.While this was an ostensibly isolated story at two banks each less than $10bn market cap, the event drew inevitable comparisons to the regional bank stress that followed the collapse of SVB in March 2023 and raised broader questions over potential credit quality issues after a lengthy period of elevated rates and expansion in private credit, following also the bankruptcy of subprime auto lender Tricolor last month. Continue reading...

Economics

3 w. ago The £12 lash growth serum so 'effective', a bottle sells every 10 seconds

With more than 50,000 reviews online, it has earned an impressive average rating of 4.8 out of five stars

Economics

last month Cost of driving lessons in the UK soars by 73% in five years, hitting parents hard

A study of 1,000 parents of learner drivers found the average cost of getting their child through a test in the past year has climbed to almost £1000

Events