Reuters UK Domestic

By David Milliken LONDON (Reuters) -British house prices in August were 5.3% lower than a year earlier, their biggest annual decline since July 2009 as higher interest rates reduced demand from buyers, mortgage lender Nationwide said on Friday. Prices dropped by 0.8% in August alone, the largest monthly fall since March, after a 0.3% decline …

UK house prices fall by most since 2009, Nationwide says Read More »

By Jonathan Cable LONDON (Reuters) – British home prices will fall 4% this year, more than was thought a few months ago, as high interest rates and living costs keep potential buyers out of the property market despite a shortage of supply, a Reuters poll showed. Average prices soared over 20% during the COVID pandemic …

British home prices to fall 4% in 2023 as borrowing costs bite – Reuters poll Read More »

By Huw Jones LONDON (Reuters) – More savings accounts are offering higher interest rates as a more competitive market emerges, though regulatory intervention may still be needed to ensure customers are getting fair value, Britain’s Financial Conduct Authority (FCA) said on Friday. Lawmakers have criticised lenders for being quick to pass on higher Bank of …

Some UK banks improving interest rates for savers, says watchdog Read More »

By Susanna Twidale LONDON (Reuters) – Britain’s National Grid will implement its scheme to pay homes to cut electricity use and help prevent power shortages again this winter, it said, following the success of the service last winter when it was first launched. Under the demand flexibility service (DFS), homes that signed up with their …

Britain to pay homes to use less power again this winter Read More »

LONDON (Reuters) -Junior and senior doctors in England plan to take joint strike action for the first time, the British Medical Association (BMA) union said on Thursday, threatening further disruption to the state-run health service in a long-running dispute over pay. The BMA, which represents nearly 200,000 doctors in Britain, said junior doctors in England …

Junior and senior doctors in England to take joint strike action for first time Read More »

LONDON (Reuters) – Britain’s Royal Navy said in a statement on Thursday that its warships and patrol aircraft tracked a series of Russian vessels close to its waters in what it called “a concerted monitoring operation”. The Royal Navy said submarine hunting frigates and P8 Poseidon patrol aircraft monitored movements of the Russian Navy in …

Britain’s Royal Navy tracks Russian vessels close to UK waters Read More »