While it is not clear yet exactly what the Chancellor is planning to offer in next week’s Budget, property is expected to be a big focus.
While many are calling for an extension of the stamp duty holiday and mortgage payments holiday, there is one policy he is expected to announce in a boost for first time buyers.
Mr Sunak is expected to unveil plans to help first-time buyers get onto the property ladder with a new mortgage guarantee scheme.
The proposals will help people to buy properties up to £600,000 with deposits of just five percent.
Will Rishi Sunak extend mortgage holidays as chancellor expected to unveil 5% mortgages? (Image: GETTY)
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24-Feb-2021 6:12 PM
Heathrow prepares for safe restart of travel and trade in 2021 - Results for the year ended 31st Dec
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Heathrow prepares for safe restart of travel and trade in 2021 - Results for the year ended 31st Dec
Keeping passengers and colleagues safe – We have only been able to remain open throughout the pandemic by maintaining high safety levels. We helped to develop international standards for safe travel through airports and invested in cutting-edge COVID-secure technologies and testing facilities for up to 25,000 passengers a day to help restore international travel safely.
Annual loss of £2bn underlines the devastating impact of COVID-19 on aviation – Passenger numbers collapsed to 22.1m, more than half of whom travelled in January and February. Overall revenue fell 62% to £1.2bn and adjusted EBITDA fell to £270m. Government policies over recent months have effectively closed borders. We have had no government support, other than f