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...He said Labour was retaining the policy’s main elements: a state-owned £8.3bn energy company called GB Energy; a £7.3bn “national wealth fund” to decarbonise heavy industry; and a home insulation scheme....
...As Starmer dismantled his party’s signature policy pledge, the Labour leader sought to pin the blame for his U-turn on constrained public finances resulting from Liz Truss’s disastrous premiership in 2022...
...The plan includes a £7.3bn “national wealth fund” to support various industries, such as steel and automotives, as they transition to greener sources....
...Banks charge more for high loan-to-value mortgages, given the higher risk to the lender should the property fall into negative equity....
...The jump in interest rates to the highest levels in decades has led to a big increase in mortgage scams, according to banks and regulators....
...You’ve joked about the need to update the list of Keir Starmer’s U-turns as leader of the Labour party. But actually, this is quite serious, isn’t it?...
...Thanks to Rishi Sunak’s diligent efforts, the UK beat inflation . . . . . . and Andrew Bailey is now a national hero: Still, growth remains an issue....
...survey of banks and building societies....
...A soon-to-be-published IMF survey of national debt management offices in emerging and developing economies shows that such knowledge asymmetries are not limited to commercial banks and domestic borrowers...
...Her own EPP party and other EU leaders are also putting pressure on her to water down key climate pledges, a senior commission official said....
...Today, JPMorgan’s value represents well over 90 per cent of the European leaders. This is not just a matter of regulation, though....
...There is no doubt that the decisions that led to the UK falling from being the world leader in civil nuclear power to being an also-ran were ill-thought through and those culpable should feel ashamed....
...Sir Keir Starmer on Friday was accused of shredding his political credibility and his hopes of converting Britain to “clean power” by 2030, after the Labour leader junked the party’s flagship £28bn green...
...But shadow cabinet minister Jonathan Ashworth said: “The prospect of Liz Truss returning as Tory leader will send shivers down the spine of working people....
...The announcement at the recent Scottish National Party annual conference came just months after the leader sought to raise council tax by as much as 23 per cent....
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...Mortgage rates have declined from their peak last summer but they remain much higher than they were two years ago, reflecting the Bank of England’s decision to raise interest rates to a 16-year high of 5.25...
...Smaller bonuses at banks have been driven by a sustained slump in dealmaking activity....
...and capital markets leader for EMEIA....
...Enrico Letta, the former Italian prime minister tasked by European leaders to assess the state of the EU’s underperforming single market, told the Financial Times that further European integration was a...
...So powerful, in fact, that further declines in new mortgage rates probably won’t change the trend, the bank says: Looking ahead, should mortgage rates continue to fall further, we expect more inventory...
...The bank uses More Telecom services rather like a loyalty programme for its millions of customers, offering discounts on broadband to people taking out a mortgage....
...“Like the Bank of England or the Office for National Statistics, this agency should transcend changes in government and drive a common, national ambition for long-term UK growth,” he added....
...Mortgage rates have declined from their peak this summer as the Bank of England signalled it had reached the end of a blistering series of interest rate increases....
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