The rise in house prices in the UK accelerated to 11.1 per cent in May from 10.9 per cent in April, according to a leading building society, although the lender also said that there are signs that activity in the housing market is starting “to moderate”. Continue reading
A recent survey by the British Retail Consortium (BRC) has found that shoppers are less likely to use cash to pay for their goods than ever before, with people more likely to pay with debit or contactless cards or to shop online.
Business Secretary Vince Cable has announced plans to force firms to publish information about their payment terms in a bid to shame big businesses into paying suppliers on time. Continue reading
The Government’s Help to Buy mortgage guarantee scheme has supported 7,313 home loans worth a total of £1bn, according to official figures published by the Treasury today (May 29). Continue reading
Today (May 28) is Tax Freedom Day, the first day of the year when the average taxpayer in the UK stops paying for the state and starts working for themselves, and this year its falls two days earlier than it did in 2013. Continue reading
Firms in the service sector, which accounts for around three-quarters of gross domestic product (GDP), are hiring more staff and feeling at their most optimistic since records began in 1998, according to business group the Confederation of British Industry (CBI). Continue reading
It has been announced that the Clydesdale Bank will become the first to issue plastic banknotes in the UK when it prints a limited edition of two million £5 notes next year, before the Bank of England puts plastic notes into general circulation in 2016. Continue reading