Banks pull mortgage deals
Nervous lenders have pulled more than 500 mortgages from the market in the past month, pushing up prices and leaving borrowers with increasingly expensive loans just as they face rampant inflation, rising taxes and higher energy bills. The number of deals borrowers...HMRC’s NFT seizure ‘a warning’ to investors and tax cheats
The UK tax authorities have confirmed their first ever seizure of a Non-Fungible Token (NFT) following a probe into an alleged £1.4million VAT fraud. Her Majesty’s Revenue & Customs (HMRC) said it had confiscated three NFTs, along with £5,000 in other...Bank of England mulls ending post credit crunch rules
Tough rules brought in during 2014 to restrict the amount mortgage applicants could borrow may be reversed following a review by the Bank of England. After the credit crunch and global financial crash in 2007 and 2008, precipitated by mortgage lenders approving...New taxes rake in £50bn for HMRC ahead of National Insurance rise
New levies imposed on businesses over the last decade have raked in more than £50bn for the Treasury, as the UK’s tax burden rises to its highest level since the 1950s. The bank levy, apprenticeship levy, soft drinks tax and a range of other charges have all...Households feel the inflation squeeze
UK household incomes are on course to collapse by the most since the mid-1970s after Russia’s invasion of Ukraine sent energy prices soaring to new highs, a thinktank has said. The Resolution Foundation said the dramatic increase in global oil and gas prices was...