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BBCNEWS World Business Report June 4, 2024 13:38:00

Make next few weeks, in particular, to make sure next few weeks, in particular, to make sure that savers are benefiting from a make sure that savers are benefiting from a high make sure that savers are benefiting from a high interest rates. i fully support from a high interest rates. i fully support the review of the fca and the new support the review of the fca and the new consumer duty which gives them the new consumer duty which gives them a the new consumer duty which gives them a stronger power to take action and alongside that the charter for mortgage holders provides support and relief mortgage holders provides support and relief for mortgage holders who are facing and relief for mortgage holders who are facing difficulty in terms of payments and allowing them to stretch payments and allowing them to stretch the term of their mortgages or switch stretch the term of their mortgages or switch to interest only mortgages, this could save people hundreds mortgage ....

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BBCNEWS Turkey June 4, 2024 21:22:00

Resolution foundation estimates 7.5 million mortgage holders will see their costs rise over the next few years. by 2026, the average customer will be paying an extra £2900 a year that adds up to an extra £15.8 billion on the uk pulse like mortgage bill. the think tank s director said things can get even worse if interest rates keep rising. if we see the scale of mortgage rises that currents. 0n the back of disappointing pay and inflation data, then we are in for a really difficult situation, what we are saying is that the bank of angle has to squash the economy even more than thought a month ago. the to squash the economy even more than thought a month ago. thought a month ago. the cost of borrowin: thought a month ago. the cost of borrowing has thought a month ago. the cost of borrowing has gone thought a month ago. the cost of borrowing has gone up thought a month ago. the cost of borrowing has gone up by - thought a month ago. the cost of borrowing has gone up by 196. - t ....

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CNN CNN News Central June 4, 2024 13:12:00

That gets us to where the debt ceiling with this debt ceiling standoff as it is playing out, the treasury, though, is scrambling to count every dollar. right now federal government cash reserves stand at $68.3 billion, cnn s christine romans joins me now. this has been something i m not going to call it your pet project, this is something you have urgently started to track every day. how much money the u.s. the u.s. government actually has in reserves, where does $68 billion get you? it s like asking $128 in your checking account and you have the mortgage bill coming in, your geico insurance payment coming in, you have all of these bills and you only have a few dollars. it shows you what they re dealing with. they re dealing with diminished funds. now, on june 15th there will be money coming in from state and corporate tax receipts, maybe that will be $79 million billion, that s the estimate but we are not for sure. what comes due on june 1st, $47 billion for medicare, $25 ....

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CNN CNN News Central June 4, 2024 18:51:00

Right now and part of what i expect will happen when the president hosts speaker mccarthy at the white house next week. budgets are negotiable. that s a normal process. whether america pays its bills is not. absolutely appropriate to negotiate on the details what the budget will look like but not appropriate to negotiate over whether to destroy the american economy. that is what republicans have, in the house, have threatened with this debt ceiling fight. let s take the fault off the table. 200 years u.s. has never defaulted on its debts. that s not a negotiation over how much debt to take on. it s the equivalent of deciding whether to pay your mortgage bill when it comes in the mail. the u.s. always pays its bills and if we come even close to not dock doing that, the result, economic destruction. put that off to the side and then, of course, there s going to have to be a give and take, push and pull a negotiation which is under way. the president s negotiating position was put forward ....

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BBCNEWS Breakfast June 4, 2024 06:52:00

Uk households will face higher mortgage payments this year. the typical payment up by £250 meaning the average monthly mortgage bill would go up from £750 to £1,000. not only will that put pressure on thousands of households but also businesses as families are left with less money each month to spend on buying and doing things which firms provide. and this has a knock on for the rental market. abs, and this has a knock-on for the rental market. and this has a knock-on for the rental market. a lot of landlords have mortgages rental market. a lot of landlords have mortgages which rental market. a lot of landlords have mortgages which they - rental market. a lot of landlords have mortgages which they own | rental market. a lot of landlords - have mortgages which they own their property three. if their interest rates and the mortgages go up they are likely to pass that on to the people who rent from them so people in the rented sector will also feel the effects and anyone w ....

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