Keir Starmer has pledged to keep mortgage rates ‘as low as possible’ Higher mortgage rates have been a thorn in the side of homeowners for almost two years. According to Moneyfacts, the average interest rate on five-year fixed-rate mortgages is still above 5%, while the interest rate on two-year fixed-rate mortgages is closer to 6%. … Read more
Higher mortgage rates have been a thorn in the side of homeowners for almost two years. According to Moneyfacts, the average interest rate on five-year fixed-rate mortgages is still above 5%, while the interest rate on two-year fixed-rate mortgages is closer to 6%. That’s a lot lower than the 2.5% averages we saw at the … Read more
Historically, Labour governments have delivered better annual returns The premierships of Harold Wilson and Jim Callaghan were the most lucrative Investors will be wondering what the future holds now that Labour is in power. Looking again at the historical data, we see that Labour has generally achieved positive results when in power. The FTSE 250 … Read more
The CIPD has welcomed a new British government after Labour’s landslide victory in the general election, but he shares the view of other experts and business groups that Sir Keir Starmer’s relatively ambitious programme for employment reform requires closer collaboration with employers. Labour’s majority of over 170 seats means the party should be able to … Read more
The Labour Party has won the general election by a large margin and now everyone is waiting to see whether the party will deliver on its promises. The party made a number of promises to protect people’s pensions and improve the situation for savers if Sir Keir Starmer were given the keys to Downing Street. … Read more
New Labour Prime Minister Keir Starmer will make his position known during the Speech from the Throne on July 17. (REUTERS/Reuters) The Labour Party won a landslide victory on Thursday night, taking the British Parliament to 412 seats by Friday afternoon. Eleven members of the outgoing Conservative government lost their seats, in a defeat for … Read more
Analysis The UK woke up this morning to the prospect of a new government, but still faces legacy problems across technology projects, policy and investment. In policy, there are the post-Brexit challenges of how to adapt data protection law, while there are new issues around how – or even whether – to legislate to address … Read more
Image source, Getty Images Article information Labour’s remarkable victory provides a unique opportunity to revitalise and transform the British economy. The incoming Chancellor of the Exchequer and the Prime Minister know this, and I am told that this is what they intend to achieve in office. Rachel Reeves told me she was looking for a … Read more
The Labour Party’s landslide victory in Thursday’s British election means it takes power in the country after more than a decade under the leadership of the Conservative Party. The change comes at a time when there is still a lot of economic uncertainty in the country, the effects of higher inflation are still being felt … Read more
A landslide victory for Keir Starmer in Thursday’s general election could give Britain a stability premium in global markets, boosting the pound, stocks and investment in the UK as political unrest mounts elsewhere, investors in the City say. In a sharp contrast to warnings from the Conservative Party about the dangers of a large Labour … Read more