CashNews.co St Albans has been named the most expensive city to rent outside of London, with average advertised rents of Ā£2,307 per month. Oxford came in second, with rents averaging Ā£2,237 per calendar month (pcm), while Cambridge is the third most expensive, with average advertised rents of Ā£2,072 pcm, according to figures from property site […]
When are UK student loans written off? #UKFinance
CashNews.co [Getty Images] Thousands of students across the UK are heading to university this month, with many universities holding their Freshers’ Week celebrations this weekend. If it’s your first time at university and your first time managing your own budget, here is what you need to know about getting that all-important maintenance loan in your […]
Mum, 29, paid off Ā£13k debt in 9 months living on ārice and beansā | Personal Finance | Finance #UKFinance
CashNews.co Debt can become a slippery slope that starts with what is often branded as necessities in modern life, whether it be a car, house or even simply a credit card. When one woman moved from Kenya to the United States she only recognised she had fallen for the trap when she was $18,000 (Ā£13,000) […]
City of London Says UK Needs Better Financial Services Strategy ā BNN Bloomberg #UKFinance
CashNews.co (Bloomberg) — The City of London thinks the UK could attract as much as Ā£7.7 billion ($10.2 billion) more investment by 2030 if it did a better job of attracting foreign sovereign wealth. The government should establish a long-term financial and professional services strategy and create a dedicated agency to implement it, the financial […]
UK housing market āgrappling with lack of affordable, secure and suitable homesā #UKFinance
CashNews.co The UKās 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,Ā 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 Bankās (ECB) 2% target despite the ECB cutting interest rates. The Consumer Prices Index (CPI) came down from 2.6% in July, Eurostat said […]
ONS ā Mortgage Finance Gazette #UKFinance
CashNews.co UK house prices rose by an average of 2.2%, to Ā£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 Ā£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 […]