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UK resi transactions fall over 25% in 2023 – Mortgage Strategy

UK residential transactions have fallen by 27% over the past year, new data from HMRC reveals. There were 80,020 transactions in May 2023, 3% lower than recorded in April. Meanwhile, the number of UK non-residential transactions in May stood at 9,460 - 16% lower than the same period last year. However, the decline
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OPEC withholds media access to Reuters, Bloomberg, WSJ for July event

June 28 - OPEC has withheld media access to reporters from Reuters, Bloomberg and the Wall Street Journal to cover a meeting of oil industry CEOs with energy ministers from OPEC and its allies, reporters and several people familiar with th...
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OPEC withholds media access to Reuters, Bloomberg, WSJ for July event

OPEC has withheld media access to reporters from Reuters, Bloomberg and the Wall Street Journal to cover a meeting of oil industry CEOs with energy ministers from OPEC and its allies, reporters and several people familiar with the matter said on Wednesday.
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OPEC withholds media access to Reuters, Bloomberg, WSJ for July event

OPEC+ pumps more than 40% of the world's oil supply. OPEC declined to comment on why reporters from the three media organizations were not invited to cover the OPEC-hosted July 5-6 seminar in Vienna. "We believe that transparency and a free press serve both readers, markets and the public interest, and we object to this restriction on coverage," a spokesperson for Reuters, the news and media division of Thomson Reuters Corp, said on Wednesday.
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Source: yahoo.com

Mortgage rate hit to economy same as 2p tax hike: Lib Dems – Mortgage Strategy

The hit to the economy from soaring mortgage rates will be equivalent to a 2p income tax hike. This is according to new analysis from the Liberal Democrats. The figures show that annual mortgage repayments are expected to be around £15bn higher in December 2024, compared to the start of the cost-of-living crisis at
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