Prime Minister Rishi Sunak has promised more time for households to make the transition to heat pumps under plans to decarbonise the country’s homes. The Neg reported yesterday that a delay to the ban on gas boilers was being considered by the Government. The target was for no gas boilers to be installed in new homes by 2025, and for the phasing out of boilers altog...
The Bank of England has raised interest rates by 0.25% to 4.5% as expected today, after a majority of the Bank’s Monetary Policy Committee (MPC), headed by Governor Andrew Bailey (pictured) voted for the increase again. This increase is the 12th successive rise, taking the rate to its highest level in almost 15 years. The Bank is reacting to a stubborn inflation figure,...
New analysis shows average mortgage payments rose by 66% in the last year but analysis from wealth manager Quilter shows they could drop by a quarter come the end of the year. Monthly mortgage payments could fall by as much as 25% by the end of the year, analysis from wealth manager Quilter shows. The latest government house price index data shows that in November 2...
Residential property transactions edged up 1% in March 2023 compared to the previous month, the latest HMRC figures have revealed. Across the UK, there were 89,560 home sales last month, according to the provisional seasonally adjusted estimate. While this was slightly higher than February’s total, it represents a 19% decline on the figure for the corresponding period of...
