UK lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting. In a report, UK Finance said higher interest rates and household costs would make it harder for people to access mortgage credit, which is based on affordability. It predicted this trend wouldContinue Reading

The phasing out of fossil fuels has been dropped from the UN’s COP28 climate summit draft agreement. The text, which has to be agreed between 197 countries, states a global effort is needed to “enhance efforts towards substitution of unabated fossil fuels.” This in addition to “reducing both consumption andContinue Reading

Jeremy Hunt could have another £11billion for tax cuts before the election, according to a new analysis. Estimates from Capital Economics suggested that falling debt servicing costs and optimism on interest rates have gifted the Chancellor a windfall. Ruth Gregory, the deputy chief economist, said that over the past fortnightContinue Reading