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BBCNEWS BBC News June 4, 2024 09:00:00

And ukraine has accused russia of causing the leaks. hello. this is bbc news these are the latest headlines in the uk and around the world. one of the world s most important financial institutions the international monetary fund criticises the government s tax cuts and calls on ministers to re evaluate their plans. these statements are common with regard to emerging market countries with problematic policies, but not often about g7 countries. this, unlike other fluctuations in the market, is a self inflicted wound. these were the deliberate decisions of the government on friday. following on from the mini budget, some lenders have halted mortgage offers for new customers, others have said they will increase rates on fixed mortgages. ....

British Government , Tax Cuts , International Monetary Fund , Bbc News , Around The World , Gilt Market , Mini Budget , Mortgage Offers ,

BBCNEWS BBC News June 4, 2024 08:04:00

Countries like italy and greece. when these rates go up, so do borrowing costs for corporations. retailers costs have surged increasing shopping bills and so have the costs of new mortgages. virgin money and skipton building society have halted mortgage offers for new customers. meanwhile, halifax said it had stopped mortgages with product fees. this is a concern for people like new dad aaron, whose fixed term mortgage is coming to an end just as his wife is on maternity leave, and the cost of living continues to rise. naturally, with other costs rising in terms of energy and other bills, it s going to certainly, you know, put us at a little bit more of a deficit. i guess i m picking up the entirety of the mortgage costs, as well, so, yeah, quite a lot of pressure and a big hit. the treasury tried to regain the confidence of spooked markets by announcing that more of the details and forecasts will be published towards ....

Borrowing Costs , Shopping Bills , Thatitis Mortgage , Dad Aaron , The Cost Of Living , Mortgage Offers , Product Fees , Maternity Leave , Virgin Money , Skipton Building Society , Mortgage Costs ,

BBCNEWS Breakfast June 4, 2024 06:03:00

There s been troubling developments in other parts of the market. the effective cost of borrowing for the government is surging. to borrow over two years now costs over a.5% in interest up from under 2% in august. that is now notably higher to lending rates to former crisis countries like italy and greece. when these rates go up, so do borrowing costs for corporations. retailers costs have surged increasing shopping bills and so have the costs of new mortgages. virgin money and skipton building society have halted mortgage offers for new customers. meanwhile, halifax said it had stopped mortgages with product fees. this is a concern for people like new dad aaron, whose fixed term mortgage is coming to an end just as his wife is on maternity leave, and the cost of living continues to rise. naturally, with other costs rising in terms of energy and other bills, it s going to certainly, you know, put us at a little bit more of a deficit. ....

Borrowing Costs , Shopping Bills , Dad Aaron , Virgin Money , Mortgage Offers , Product Fees , Maternity Leave , Skipton Building Society , The Cost Of Living ,

BBCNEWS Breakfast June 4, 2024 05:03:00

There s been troubling developments in other parts of the market. the effective cost of borrowing for the government is surging. to borrow over two years now costs over 4.5% in interest up from under 2% in august. that is now notably higher to lending rates to former crisis countries like italy and greece. when these rates go up, so do borrowing costs for corporations. retailers costs have surged increasing shopping bills and so have the costs of new mortgages. virgin money and skipton building society have halted mortgage offers for new customers. meanwhile, halifax said it had stopped mortgages with product fees. this is a concern for people like new dad aaron, whose fixed term mortgage is coming to an end just as his wife is on maternity leave, and the cost of living continues to rise. naturally, with other costs rising in terms of energy and other bills, it s going to certainly, you know, put us at a little bit more of a deficit. ....

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