Tag Result: Recession

UK ‘perilously close to a recession’ as weak GDP recorded
The UK’s Gross Domestic Product (GDP) is estimated to have fallen by a weaker-than-expec...

Self-employed twice as likely to be rejected for a mortgage – TML
Self-employed (SE) individuals are twice as likely to be rejected for a mortgage compared ...

Slow climate action would lead to ‘significant mortgage impairments’ ‒ BoE
If action to help the UK meet ‘net zero’ is taken too late, it could result in “sign...

How close are we to a downturn? – Pike
Interest rates are on the up and inflation could go double digit by the end of the year. A...

Brokers see rise in commercial mortgage enquiries but cite concerns around variable rates – analysis
Mortgage brokers are reporting an increase in commercial mortgage enquiries as investors e...

Mortgage payment holidays helped prevent another recession – BoE
Mortgage payment holidays issued during the start of the Covid-19 pandemic helped the UK t...

Unemployment and economic downturn to push house prices down next year, brokers say
House prices could drop by three per cent in 2021, a survey of brokers have said.

UK in recession after record 20 per cent slump
Lockdown caused the UK to plunge into the biggest recession since records began, according...

FTSE 100 plummets as markets hit ‘pure hysteria’
The UK blue-chip share index plummeted in early morning trading after oil prices plunged a...

UK economy narrowly avoids recession
Growth in the UK economy has slowed to its lowest rate in almost a decade, according to th...