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...Household cost inflation for those with mortgages was 9.3 per cent in the year to September, the Office for National Statistics said on Monday, the highest of any socio-economic group....
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...Next week’s National People’s Congress would be a good time to announce such measures. However, there is a lack of consensus in Beijing on the key factors behind the current weakness....
...“Prices are still high, the tax burden is the highest it has been in 70 years and mortgage payments are going up,” she said....
...Hunt also announced that the government would also launch a new “British savings bond”, offered through National Savings & Investment....
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
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...First-time buyers have suffered from the end of the government’s Help to Buy loan scheme in March, as well as the sharp rise in mortgage costs from near 2 per cent on average in early 2022 to about 5 per...
...The Scottish government’s stance is “a disaster for everyone”, according to Walker....
...There would need to be increases to income tax, national insurance or VAT to raise the funds that would be needed....
...On the first day of the National People’s Congress, the country’s rubber-stamp parliament, Li also outlined a plan to issue Rmb1tn of ultra-long-term special treasury bonds to implement “major national strategies...
...He announced that from April 2024, the government would abolish class 2 national insurance contributions, which are paid by the self-employed at a flat rate of £3.45 a week....
...Top stories today Mortgage wars | Barclays and Santander announced cuts to their mortgage rates in a move that follows similar action by HSBC and Halifax last week and adds to momentum for cheaper home...
...Sir Edward Leigh, a veteran MP, reminded younger colleagues that “your best day in opposition is worse than your worst day in government”....
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...“The national crisis in the rental market clearly demands further action from government,” Khan’s office said....
...There was a fall in the volume of net trade, household spending and government consumption in the quarter, only partially offset by an increase in investment....
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...The Scottish National party said it had written to cabinet secretary Simon Case calling for an investigation into a potential breach of the ministerial code....
...The falls were somewhat offset by higher government spending and trade flows....
...At the same time, support from the UK government designed to help first-time buyers is having limited impact....
...The government had been under pressure to ease the financial strain on landlords, as rising mortgage costs threaten to force property owners to sell up, reducing the supply of rental homes and pushing up...
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