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Mortgage rates rise and deals pulled over Iran war turmoil
“It’s unwelcome news for borrowers, as the prospect of falling mortgage rates has quickly given way to rate rises,” he said, adding: “How far they could go is now heavily dependent on how global markets and inflation expectations evolve as conflict in the Middle East unfolds.”
New car sales hit 2m, but EV discounts cant go on, warns SMMT
Theo LeggettBusiness Correspondent Getty Images Government discounts for electric vehicles are “unsustainable”, a major motoring group has warned, as the number of new cars registered in the UK exceeded two million last year for the first time since the pandemic. Nearly 500,000 of the new cars sold were electric, according to new figures from the…
‘Failings at every level’ led to botched insulation scheme
A botched net zero scheme which has caused damp issues in thousands of homes was the result of ”serious failings at every level”, a UK government official has said. Last month, the National Audit Office found that 98% of the 23,000 homes that had external wall insulation installed under two separate schemes will result in…
Government set to miss 1.5m target, housebuilders warn
Housebuilders have warned the government’s budget watchdog that ministers’ target of building 1.5 million homes in England by the end of the decade is too optimistic. The Home Builders Federation (HBF) has written to the Office for Budget Responsibility (OBR) to say that unless the government does something to boost affordability for first time buyers…
