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...“This will be in the bank’s terms and conditions, but people just aren’t as used to rate rises we’ve seen over the past 18 months,” said Andrew Hagger, a personal finance expert at MoneyComms....
...According to data from estate agent Hamptons, a record 50 per cent of homes sold in England and Wales in 2023 went for a reduced price, up from 32 per cent in 2022....
...The cost of a funeral is increasing in the UK after falling for two years, as inflation bites and mourners return to more traditional send-offs after the lifting of pandemic restrictions....
...Property sellers are accepting average discounts to asking prices of £18,000, as higher mortgage rates and increased supply create favourable conditions for equity-rich UK buyers....
...As a result of the threshold change, newly qualified parents will be entitled to £25.60 a week for their first child and £16.95 per subsequent child.Sarah Coles, head of personal finance at Hargreaves Lansdown...
...Here is our summary of how the key measures will affect your personal finances: Tax The chancellor cut national insurance contributions for both employed and self-employed people....
...“There are good reasons for any government at any time to want a nation of homeowners,” says Yolande Barnes, chair of the Bartlett Real Estate Institute at UCL....
...It is important to seek legal advice as soon as possible and to correspond with personal representatives of the deceased’s estate....
...The Restaurant Group chair Ken Hanna has said he will step down for personal reasons following a growing chorus of calls from investors for him to go....
...Of the $913mn set aside for expected credit losses in the second quarter, $300mn of this was linked to commercial real estate in mainland China....
...A representative for Och denied that his personal financial priorities were influencing his public campaign against the Rithm deal, which he has described as the product of a “breach of fiduciary duty” by...
...Benko also had a personal relationship with Thomas Schmid, the head of Öbag at the time of the Postsparkasse deal....
...That is twice as fast as headline inflation. The better way to think about the effect of high rates is as a lid on housing demand, as analysts at Bridgewater have argued....
...The best performing lots were not from Mercury’s handful of fine art, but more personal items such as a silver snake bangle, worn in the 1975 “Bohemian Rhapsody” video, which went for £550,000 against a...
...the monthly poll of estate agents....
...A cross-party committee of MPs last month echoed the IfG’s doubts, arguing in a report that “in viewing certain communities outside London as being more representative of the country as a whole”, the government...
...Top lot, as expected, was Yoshitomo Nara’s “Lookin’ for a Treasure” (1995) bought from the busy saleroom floor for its expected price of HK$70mn (HK$84mn with fees, third party guarantee)....
...of the children’s homes estate....
...The billionaire’s ballooning personal liabilities, discovered through a Financial Times analysis of SoftBank’s recent filings, comes as the world’s biggest tech investor was hammered by plunging stock prices...
...Economic data The commerce department will release the latest reading of the Federal Reserve’s preferred inflation metric, the core personal consumption expenditures price index....
...millennium, writes Martha Muir in London....
...Economic contagion Personal misfortunes such as Wang’s reveal the human cost from a contagion that is starting to course through the main arteries of the Chinese economy....
...At Musk’s personal intervention, the site is actually restoring suspended accounts that peddle myths about election fraud (see Mark Finchem, the Republican candidate for Arizona’s secretary of state)....
...Economic data Monthly industrial production figures for the EU are due, as are France’s final consumer price index data for July, which will give an insight into the extent of rising prices and energy costs...
...The dominant theme will be insurance companies, providing further evidence of the damage being done by inflation to the sector, especially motor insurers, as the price of parts and other claims costs rise...
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