CashNews.co The UK’s housing market has a lack of affordable and suitable homes and strong action is needed to support first-time buyers, renters and people looking to downsize, a body representing members of the banking and finance industry has urged. UK Finance said the scale of the challenges means strong action is needed from the public […]
Urban councils outside London warn Angela Rayner of financial failure #UKFinance
CashNews.co Councils in some of the poorest urban areas of the country have warned Angela Rayner that the vast majority do not expect to meet their budget targets in the next financial year. The 48 councils outside London, which serve 14 million people across southern ports, the Midlands and the North, have raised the alarm […]
Bank of England set to hold rates with bond sales in spotlight #UKFinance
CashNews.co By Andy Bruce (Reuters) – The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves’ first budget. British inflation held steady in August […]
Eurozone inflation falls to 2.2% after ECB interest rate cuts #UKFinance
CashNews.co Inflation in the eurozone fell to a three-year low of 2.2% in the year to August, confirming a flash estimate two weeks ago. However, it still remains above the European Central Bank’s (ECB) 2% target despite the ECB cutting interest rates. The Consumer Prices Index (CPI) came down from 2.6% in July, Eurostat said […]
ONS – Mortgage Finance Gazette #UKFinance
CashNews.co UK house prices rose by an average of 2.2%, to £290,000, in the year to July, according to official data. This annual growth rate is down from 2.7% in the 12 months to June 2024, data from the Office for National Statistics shows. Average house prices in England rose 1.6% to £306,000, were up […]
UK Finance Blockchain-Based Payment Trial, Here’s The Result! #UKFinance
CashNews.co JAKARTA Blockchain technology is increasingly attracting the attention of financial institutions in various countries. One of them is UK Finance, an institution that represents the financial services industry in the UK. UK Finance recently announced promising experimental results from the Regulated Liability Network (RLN) project. This blockchain-based network is DESIGNED to manage central bank […]
I’m a tax expert – you must sell now before Labour tax hike in October | Personal Finance | Finance #UKFinance
CashNews.co A tax expert has issued a ‘sell now’ warning over a much feared tax change Labour could introduce in its October budget. Labour has already warned that its upcoming October budget will be ‘painful’ as it looks to plug what it says is a “£22billion black hole” in the public purse. And one tax […]
£100 a month cost of living property bombshell for UK households | Personal Finance | Finance #UKFinance
CashNews.co New figures have revealed a £100 property bombshell that is hitting people in the pocket. Rent rises continue to outpace increases in wages as tenants remain in the grip of a cost of living squeeze. The average increase across the UK was 8.4 percent in the year to August, taking the figure up by […]
Brits told to spend £150 on one thing to help loved ones avoid huge tax bill | Personal Finance | Finance #UKFinance
CashNews.co In the wake of soaring inheritance tax receipts, which reached a staggering £7.5 billion last year, UK families are being encouraged to get their affairs in order by drafting a Will, particularly as the new Labour Party government plans a tax clampdown. Stacey Love, a tax and estate planning expert from Canada Life, shared […]
‘Significant action’ needed to stabilise UK finances, warns OECD #UKFinance
CashNews.co The Organisation for Economic Co-operation and Development (OECD) has warned that “significant action” is required to stabilise the UK’s public finances, urging Chancellor Rachel Reeves to reform fiscal policy. The OECD recommends scrapping stamp duty, scaling back the pension triple lock, and updating the council tax system. The report highlights mounting financial pressures from […]