Maurício Alencar

1 week ago | cityam.com | Samuel Norman |Maurício Alencar

Top UK lenders are offering more mortgages to prospective house buyers, the Bank of England has revealed, as falling interest rates stir up a “price war” on the high street. The Bank’s credit conditions survey revealed that the burgeoning supply of mortgages would come against a levelling off in demand in the three months to May. More homeowners are also expected to remortgage as homeowners rapidly respond to the Bank’s rate-cutting, which could yet accelerate over the coming months.

1 week ago | thedailybeast.com | Tom Sanders |Maurício Alencar |Joey T. McFadden

Defense Secretary Pete Hegseth is being sued by 12 students over the removal books on race and gender from Pentagon schools following an executive order from President Donald Trump. The lawsuit, filed on the students’ behalf by the American Civil Liberties Union, alleges that their First Amendment rights are being infringed by the decision, which they argue places children in danger by depriving them of important information about health, hygiene, biology, and abuse.

1 week ago | cityam.com | Maurício Alencar

Inflation in the month to March is expected to remain well above the Bank of England’s target rate of two per cent, putting policymakers in an awkward position ahead of a potential interest rate cut in May. A Bloomberg poll of economists said that consumer price inflation (CPI) on a year-on-year basis will hit 2.7 per cent, which is one decimal point lower than the figure seen in the month before. Soaring alcohol prices and expensive apps drove the high rate of inflation in February.

1 week ago | cityam.com | Maurício Alencar

Millions more Brits will be dragged into paying income tax in the coming months as Rachel Reeves squeezes the spending powers of lower earners with a freeze on tax bands. Official data suggests that around 11 million Brits will begin paying the basic rate of income tax by 2028. People start paying 20 per cent on incomes between £12,571 and £50,270.

1 week ago | cityam.com | Maurício Alencar

|  Small business owners up and down the country are packing their bags to escape a flurry of higher taxes, soaring costs and red tape, fresh data has found. Nearly two in five owners of small and medium-sized firms (SMEs) have either left the UK or are considering an imminent departure, according to a new survey, in a shift that would likely sap Britain of its entrepreneurial spirit.