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First-time buyers stretching out mortgage terms for longer, bank reports

First-time buyers stretching out mortgage terms for longer, bank reports
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Multiple rate rises have impacted first-time buyers greatly, says UK Finance

The number of mortgages handed out to first-time buyers last year was the lowest since 2013, down 22.4% compared with 2022

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Banks under pressure? Top MP: 'Going to have to get a smaller violin'

"We will be going through the results with a fine tooth comb," Harriett Baldwin, chair of the Treasury Committee, told City A.M.

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UK's Hunt signs post-Brexit financial services deal with Switzerland

UK Chancellor Jeremy Hunt has signed a financial services deal with Switzerland aimed at easing UK firms' access to the Swiss market and vice versa.

Banking trade body UK Finance said it was a...
-December 22, 2023 at 01:10 am EST
- MarketScreener

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UK's Hunt signs post-Brexit financial services deal with Switzerland | Finance News

UK's Hunt signs post-Brexit financial services deal with Switzerland | Finance News
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Hunt signs post-Brexit financial services deal with Switzerland

Chancellor Jeremy Hunt said the agreement ‘cements open access for financial services between our two nations for decades to come’.

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Banks increasingly closing defence firms' accounts

Trade bodies are seeking to reassure the defence industry after more than a dozen firms in the sector had their bank accounts closed, with the Ministry of Defence warning that excessive ESG banking and investment policies are "dangerous" for national security.

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City minister pledges regulatory shake-up in maiden speech

The new City minister, Bim Afolami, took aim at cumbersome regulation today as he laid out plans for a wave of rules reform.

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Bim Afolami: What does the Square Mile make of their new City minister?

City grandees have urged new minister Bim Afolami to work with them on developing “competitive” regulation and improving entrepreneurship.

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Will NS&I boost Premium Bonds and fixed rates? How the Chancellor could turn to Treasury-backed bank to boost coffers

Customers who save with NS&I products could start to see more Premium Bonds prizes and new best buys launching from the Treasury-backed bank.

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