Tag Result: Recession
UK economy dodges recession but ‘is in worse shape than previously thought’
The UK economy isn’t in recession just yet as revised GDP figures reveal 0.2% growth in ...
House prices to drop 4.5 per cent next year ‒ CEBR
The average property will see its price drop by around 4.5 per cent next year, a new repor...
What brokers have learned 30 years on from ‘Black Wednesday’ – Phillips
Those of a certain age will struggle to forget the 16 September 1992. It was one of the mo...
Chancellor planning to scrap bankers’ bonus cap – reports
Chancellor Kwasi Kwarteng (pictured) is reportedly planning to scrap the cap on the bonuse...
Homebuyer enquiries plummet as stock falls to all-time low – RICS
The average number of homes for sale per estate agent branch has fallen to a record low an...
Defaults set to rise as higher living costs pressure household finances, Bank of England warns
There could be an increase in defaults over the coming months as rising interest rates and...
Annual house price growth up 10 per cent in August but starting to slow down ‒ Nationwide
The average house price in the UK rose 10 per cent year on year to £273,751 in August, de...
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...