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Money

BoE's Vlieghe eyes more stimulus, open to negative rates

Bank of England policymaker Gertjan Vlieghe said on Tuesday the central bank could need to add more stimulus as risks to the economy had grown in response to rising COVID cases, and voiced some cautious support for negative interest rates.

UK's housing market booms through October, Rightmove says

福利网站A surge in Britain's housing market pushed up asking prices for homes this month by the most in more than four years, with buyers ready to pay a premium for larger properties after their lockdown experience this year, a survey showed on Monday.

UK aims to make it easier to withdraw cash via shop tills

Britain's government said on Thursday it wanted to make it easier for shoppers to withdraw cash from local shops using a bank card, to mitigate a fall in the number of cash machines.

UK should do more to help COVID jobless, tax rises can wait - OECD

福利网站Britain should do more to help the unemployed find work, and fixing the huge hole in its public finances can wait until a recovery from the COVID-19 pandemic is well under way, the Organisation for Economic Co-operation and Development said.

Unviable? Wave of job losses coming as UK cuts COVID support

Like thousands of employers in Britain, Alison Griffin fears she could soon have to lay off more staff at her huge events venue when the government ends its flagship coronavirus job support programme in three weeks.

UK jobless rate hits 4.5% as work-protection plan nears end

Britain's unemployment rate rose by more than expected in the three months to August, before the end of the government's broad coronavirus job-protection plan and the imposition of new restrictions to slow the pandemic.

Bank of England asks banks how ready they are for sub-zero rates

福利网站The Bank of England asked banks on Monday how ready they are for zero or negative interest rates, following up its announcement last month that it was considering how to take rates below zero if necessary.

Britain's banks turn cyber sleuths to crack £75 billion mortgage mystery

福利网站Does a cancelled gym membership spell financial disaster?

UK house price growth hits 18-year high, but outlook darkens - RICS

福利网站A post-lockdown boom in Britain's housing market pushed a gauge of house prices to an 18-year high last month but the outlook is darkening fast ahead of an expected jump in unemployment, a survey showed on Thursday.

UK labour market shows signs of life but challenges lie ahead - REC

Britain's labour market perked up in September after a torrid few months but the outlook is worrying as the COVID-19 pandemic intensifies again and the government prepares to close its job subsidy scheme, a survey showed on Thursday.

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Property News

UK house prices rise at fastest annual pace since 2016 - Halifax

British house prices rose last month at the fastest annual pace since June 2016 in the latest sign of a post-coronavirus lockdown surge in the housing market, data from mortgage lender Halifax showed on Wednesday.

UK construction shows surprise acceleration in September - PMI

Global housing markets face tougher year in 2021 - Reuters poll

Pensions News

Canada Life, Savills fire up frozen UK property funds

Canada Life reopened its suspended 341 million pound UK property fund on Thursday and Savills Investment Management said it had partly reopened two funds, as the sector shows further signs of life after a six-month freeze.

Hedge funds make pandemic bet on insurance

Global funds hold even more bonds in a world fraught with risk - Reuters poll

Savings & Loans News

UK mortgages hit 13 year-high but consumers curb other borrowing

British mortgage approvals hit their highest in almost 13 years in August, underscoring the scale of the post-lockdown bounce-back in the housing market, but consumers turned more cautious about day-to-day borrowing, Bank of England data showed.

BoE realistic about challenge of sub-zero rates for banks, Bailey says

Bank of England's Ramsden sees floor for rates above zero