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Market pressure eases after Brexit rout

Pressure has eased on UK financial markets after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 share index closing higher. The index ended up 2.64% at 6,140.39, while the FTSE 250 had gained 3.6%. The FTSE 100 lost 5.6% in the previous two trading sessions, while the more UK-focused FTSE 250 […]

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UK interest rate ‘likely to hit zero’

UK interest rates are likely to hit zero in the next six months as the Bank of England moves to shore up the economy after the vote to leave the EU. David Tinsley, UK economist at UBS, said Brexit meant “sharply lower growth, a large drop in the pound, and further easing from the Bank […]

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EU Referendum: Five changes to your finances

An immediate impact on some – but not all – elements of our finances has been felt following the UK’s vote to leave the EU. Some of the changes may well only be temporary but experts say that they should be taken into consideration when making money choices. Further, more fundamental, changes are expected when […]

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Property market hangover continues

A hangover in UK property sales continued in May following a surge in purchases by buy-to-let investors earlier in the year. A total of 84,300 homes were sold in May, latest figures from HM Revenue and Customs (HMRC) show. In March, shortly before the introduction of a 3% stamp duty surcharge on buy-to-let and second […]

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Homes ‘too expensive’ for Help to Buy Isa scheme

Would-be-homeowners in large parts of England are being priced out of a government scheme to help first-time buyers, a BBC investigation has found. The Help to Buy Individual Savings Account (HTB Isa) was introduced last year to help people save for a home. In many areas, the average price of a starter home exceeds the […]

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The pound has made strong gains against the dollar

The pound has jumped in value against the dollar, as traders reassess the likelihood of the UK leaving the European Union. A short while ago, the pound was almost three cents higher against the dollar at $1.4645. The bounce followed several polls over the weekend that suggested a very tight race, but that the Leave […]

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A guide to helping your children get a foot on the property ladder

Hundreds of thousands of first time buyers are turning to the ‘bank of mum and dad’ this year to help get a foot on the property ladder – including older children who have long since cut the apron strings. One of the main reasons parents are keen to help is to improve on their child’s credit rating […]

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What does an EU ‘in’ vote mean for the UK property

The referendum will be held on June 23 but what do housing market experts think about an ‘in’ vote? The only certainty about the impact on the property market if Britain were to vote to stay in the EU on June 23 is that there would be a lot less uncertainty. People who have lain […]

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UK inflation rate stays at 0.3%

The UK’s inflation rate, as measured by the Consumer Prices Index, was unchanged in May at 0.3%, figures show. The Office for National Statistics (ONS) said the rate was kept low as a fall in the price of clothing offset rising transport costs. The Bank of England has an inflation target of 2%, but has […]

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Microsoft to buy LinkedIn for $26bn

Microsoft is buying the professional networking website LinkedIn for just over $26bn (£18bn) in cash. The software giant will pay $196 a share – a premium of almost 50% to Friday’s closing share price. The deal will help Microsoft boost sales of its business and email software. Microsoft said that LinkedIn would retain its “distinct […]