UK Money

Mortgage approval rates steadier

The disruption to mortgage approvals caused by new lending rules is showing signs of evening out

The number of mortgage approvals made to home buyers has shown more signs of steadying following the disruption caused by new lending rules.

Houses less affordable, study shows

The Royal Borough of Kensington and Chelsea in London is the least affordable part of the country to live in, research showed

The number of local authority areas where the average house price is less than three times the average annual salary has fallen from 72 to just one over the past 16 years, according to a new study.

Lib Dem vow over energy efficiency

The Lib Dems have made a pre-manifesto pledge that people who make their homes more energy efficient would be given a council tax discount

The Liberal Democrats have pledged to reward people who improve the energy efficiency of their homes with a 10-year council tax discount under pre-manifesto plans.

44% reject currency union plan

A poll found more than 40% of people from across Britain do not believe there should be a currency union if Scotland becomes independent

More than 40% of people from across Britain do not believe there should be a currency union if Scotland becomes independent, according to a poll.

Tax breaks 'may lift rent standard'

Landlords should be offered tax breaks to encourage them to improve the maintenance and management of their properties, according to a new report

Extra tax breaks should be offered to landlords who sign up to a national scheme to raise standards in the private rented sector, housing experts have said.

Overdraft fees 'too high or unfair'

Which? said almost 25,000 people had signed up to support its Stop Sneaky Fees and Charges campaign

About 2.5 million people have used an unauthorised overdraft in the last year and more than two thirds say the fees and charges are too high or unfair, a survey has found.

Union slams Government over NHS pay

NHS staff belonging to Unison are being balloted for industrial action over pay

Union leaders have launched a fresh attack against the Government after discovering that a pay review body for the NHS has been told not to make any recommendations for next year.

Fall in banks' customer complaints

Barclays said its complaints for the first half of 2014 were down by 26% compared with the first six months of 2013

Banks have seen large falls in customer complaints in the first half of this year in further signs that the payment protection insurance scandal has peaked.

Top year for stocks and shares Isas

A total of £18.4 billion was invested into stocks and shares Isas in 2013/14

Savers have ploughed a record £18.4 billion into stocks and shares Isas over the last year as the search for decent returns on their pots continues.

2.5m PPI complaints to be reopened

The scale of the PPI scandal is thought to have peaked, the FCA said

More than two-and-a-half million complaints about payment protection insurance (PPI) are to be re-opened amid concerns that firms may have unfairly brushed them aside, the City regulator has announced.

Bonuses increase to over £40bn

Total bonuses rose to £40.5 billion, including £14.4 billion paid in the finance and insurance industry, the Office for National Statistics said

Annual bonuses have risen to more than £40 billion with pay-outs for financial sector employees dwarfing those in the rest of the economy, official figures showed today.

Water bills to be 5% lower - Ofwat

Most water companies put forward lower bills in business plans submitted to Ofwat in June

Household water and sewerage bills are set to be about 5% lower on average in real terms over the next five years, the industry's regulator said today.

House prices 'have hit new high'

House prices surged by 11% year-on-year in August, Nationwide says

House prices surged by 11% year-on-year in August to reach another new all-time high of £189,306 on average, Nationwide has reported.

'£130 of gadgets' in schoolbag

Some 48% of school children take a mobile phone to school, the uSwitch survey showed

More than a quarter of parents plan to spend an average of £329 per family on gadgets for their children ahead of the new school year, a survey has found.

Signs of housing market cool down

Sellers in England and Wales typically achieved 95.9% of their asking price in August, Hometrack said

The gap between house sellers' asking prices and the amounts that buyers are willing to pay is widening in growing signs of a cool down in the market, property analyst Hometrack has reported.

Funding for Lending figures down

The Bank of England's lending scheme has been disappointing, according to business leaders

Net lending to small businesses under a flagship Bank of England scheme shrank by £435 million in the second quarter of 2014 despite efforts to focus the initiative on the sector.