miniBudget

Mortgage approvals fell to their lowest level in two years in November as rising borrowing costs and the aftermath of the government’s mini-budget put off prospective homeowners.…

Kwasi Kwarteng disregarded warnings that his £45bn mini-budget could trigger a backlash on the financial markets, Treasury officials told MPs today. The department’s permanent secretary,…

Mortgage borrowing fell to its lowest level in nearly a year last month as the market turmoil after the government’s mini-budget caused a steep rise in borrowing costs, according to new…

The appetite for UK bonds has staged a tentative recovery in the weeks since Kwasi Kwarteng’s mini-budget caused investors to dump gilts at the fastest rate in decades. Investors are…

The top brass of Legal & General, one of the biggest providers of liability-driven investment strategies, have defended their risk management and laid the blame for September’s…

House prices decreased for the first time in 15 months as market   last month pushed up mortgage rates. The average price dropped by 0.9 per cent between September and October, falling…

The market for London’s most expensive homes has been thrown into disarray and is unlikely to recover until next year after last month’s “mini”-Budget sparked expectations of a sharp…

The pound has hit its highest level since mid-September, as investors welcomed the appointment of Rishi Sunak as prime minister and the dollar fell. Sterling surged by 1.9% to $1.149 on…

The number of low-deposit 95% mortgages on sale has fallen by more than half since last month’s scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to…

Jeremy Hunt, the new chancellor, is to make a statement today to fast-track new budget measures following crisis talks at Chequers with the prime minister over the weekend. Hunt is also…