Nationwide building society increases amounts it will lend to first-time home buyers

Lending giant Nationwide today announced that first-time buyers with deposits as low as 10 per cent will be able to borrow five and a half times their income when taking out a longer-term mortgage. Britain’s biggest building society said that under its ‘helping hand’ initiative, first-time buyers across the country will have the option when taking … Read more

Pictures released of a dinosaur land at the London Resort, dubbed ‘Britain’s Disneyland’

The first-ever up-close pictures have been released of rides and attractions at the London Resort, which has been dubbed ‘Britain’s Disneyland’. New renderings reveal the park’s dinosaur land, Base Camp, which will feature two roller coasters, a large multi-media live stage show experience, an advanced simulator attraction, immersive fine dining and an ‘active dig site’ … Read more

UK economy clawed back ground in February with 0.4% growth

UK economy clawed back ground in February with construction sector driving 0.4% growth despite brutal lockdown The UK economy grew by 0.4 per cent in February according to latest figures The expansion came despite the brutal Covid lockdown rules still being in force GDP is still around 8 per cent lower than before the pandemic … Read more

UK foreign aid spending falls £712m to £14.5bn due to Covid pandemic

UK’s foreign aid spending falls by £712million to £14.5billion due to the impact of the coronavirus pandemic, the first time it has gone down since the global financial crisis in 2007 International aid spending stats for 2020 show it declined by £712m to £14.5bn  Figure linked to UK economic prosperity, battered by Covid shutdowns last … Read more

Co-op to repay £15.5m Covid furlough support but will keep £66m business rates relief

Co-op vows to repay £15.5m furlough cash it received during lockdown as its annual profits more than double to £77m – but it won’t hand back £66m business rates relief Supermarket chain confirmed it will repay Government’s £15.5m for furlough But they confirmed they would hold onto £66m it secured in business rates relief News … Read more

Covid UK: AstraZeneca shares fall 1% after regulator says under-30s should not take vaccine

AstraZeneca‘s share price has slumped by one per cent after UK health chiefs said Britons under 30 should not take its vaccine. The British-Swedish pharmaceutical firm, based in Cambridge, suffered a blow to its jab this afternoon following mounting evidence linking it to rare blood clots. The company’s shares were trading at 7.110 points on Tuesday … Read more

UK minimum wage increases 2.2%, with pay rise for 2m low-paid workers

Pay hike for 2million low-paid workers as minimum wage increases today by 2.2%… more than £300 extra a year for full time staff The National Living Wage rises by 2.2 per cent to £8.91 per hour from Thursday The boost is the equivalent of £345 extra per year for someone working full time The rate … Read more

Tourism chiefs call for extra UK Bank Holiday in September to help attractions

Tourism chiefs are calling for an additional day off in September in a bid to boost visitor numbers to attractions hard hit by the pandemic. Attractions such as museums, theme parks, galleries and stately home struggled in 2020 as coronavirus restrictions forced them to close overnight. Tightening restrictions, a sharp fall in foreign visitors and … Read more

Covid lockdown UK: Just 38% restaurants and pubs have outdoor space needed to reopen on 12 April

More than half of Britain’s pubs and restaurants will be forced to remain closed when lockdown restrictions ease because they do not have outdoor space.   Under the next relaxation of coronavirus rules, a swathe of freedoms will be restored on April 12 under the current timetable. This includes a long-awaited reopening for pubs and restaurants … Read more