Cashing in on their home’s value funded £3billion of spending by over-55s last year, as they used the money to top-up their income and cover day-to-day costs. It is estimated that last year, one in every £90 spent by retired people domestically was a result of equity release, according to new figures from Legal &

Business confidence is slumping, according to an important industry survey, as inflation surges and companies worry that customers are cutting back on spending. Economic output in June remained unchanged from the 15-month low seen in May, according to S&P Global’s Purchasing Managers’ Index (PMI), which covers services and manufacturing firms. Companies who responded to the

About two fifths of customers at Britain’s Asda supermarkets are buying less and swapping branded items for Asda-brand products where possible to save money amid a worsening cost of living crisis, the retail chain said on Friday. Britain’s households are struggling to keep pace with inflation which hit 9.1% in April, its highest in more

Unions hailed a “new benchmark” for pay awards last night as rail workers in Liverpool were given a 7.1 per cent rise. Merseyrail agreed the deal with the Transport Salaried Staffs’ Association (TSSA), whose leader said that it set a path for other unions to negotiate similar agreements. Merseyrail is one of the few franchises

Brokers need to provide prospective home buyers with guidance and tips on how to save for a deposit against a backdrop of economic uncertainty and rising living costs, a specialist lender has said. In its latest guide for brokers, Coventry for intermediaries said brokers need to do more than just advise clients when new, favourable

New analysis from YouGov and the Centre for Economics and Business Research (Cebr) reveals that household finance measures saw a slight recovery in May 2022 – but falling home value metrics have dragged the overall consumer confidence index down for the sixth month in a row. Following months of decline, members of the public were

Rides on London’s public bike-rental network have hit record levels in each of the past nine months as subway strikes blight the city’s public transport system. An all-time annual high of 12 million trips were taken on Santander Cycles in the last year, according to Transport for London data. On strike days, thousands of commuters get to

Left-wing Labour MPs vowed “solidarity” with striking railway workers as they promised to join picket lines across the country today. Sir Keir Starmer has tried to steer a middle course on today’s walkouts, neither condemning the strikers nor embracing their actions. Mick Lynch, the RMT’s general secretary, yesterday accused Starmer and his team of “standing to

Trade unions need to “coordinate industrial action across every town and city in Britain”, the head of the RMT union has said. “If the government doesn’t change direction, I believe more strike action is inevitable. We as trade unions need to synchronise,” Mick Lynch told Sky News. “If we need to have industrial action, we

Business leaders and retail and hospitality chiefs say continued train strikes could cause “incredible” damage to the UK. The Rail, Maritime and Transport (RMT) union is today holding the first of three strike days this week, with stations deserted this morning as half the UK’s rail lines are closed and only a fifth of services

Business chiefs have warned that continued strike actions would cause “incredible” damage to the UK in both the short-term and long-term as firms brace themselves for heavy disruption. Economists at the Centre for Economics and Business Research (CEBR) have warned that the three strikes across Tuesday, Thursday and Saturday will have a fallout worth at least £91

Rail and Tube strikes are set to cripple services this week, causing travel chaos for passengers across the UK as members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13 train operators are going on strike. Business chiefs have warned that continued strike actions would cause “incredible” damage to the UK

Britain will grind to a halt this week as a three-day strike cripples the railways. The chaos will hit kids taking their GCSEs, festival-goers heading to Glastonbury and workers trying to get to the office. But hard-line unions have doubled down on the biggest rail strike in a generation as they warned services will be slashed to

The UK is on course for the worst disruption to mass transit since Margaret Thatcher was Prime Minister after efforts to avert a planned rail workers’ strike failed. Rail travel will be disrupted across the country in three days of strikes starting Tuesday as 40,000 staff at 13 train operating companies and track manager Network

Britain is braced for a week of chaos as the biggest rail strike in a generation looks likely to paralyse the national network.  With services slashed to 20 per cent of their normal frequency, some places cut off entirely and passengers warned not to travel unless their journeys are absolutely necessary, here is how the

Britain is bracing for a week of chaos with the biggest rail strike in a generation – and now other trade unions are threatening walkouts this summer which could see action from teachers, NHS staff, barristers, postmen and more. With services slashed to 20 per cent of their normal frequency, some locations have been cut

The growing gulf gap between wages and house prices risks causing another financial crisis, economists have warned. It is feared that the increasing strain on household finances caused by rising costs will divert vital spending from the economy, a report reveals today. Property prices will climb a further 8pc over 2022 and by 2024 will be 26pc

Thailand recorded 9.7 billion real-time electronic payment transactions last year, putting it in the third position globally after India (48.6 billion times) and China (18.5 billion times). This data was revealed in a study by ACI Worldwide, Global Data, and Centre for Economics and Business Research. “Real-time e-payments have helped boost Thailand’s GDP in 2021

Amidst global economic volatility, China seems to be struggling to maintain its course. Economists have slashed growth forecasts for the mainland, with the most pessimistic hovering at around 2% for 2022, a far cry from the 5.5% Beijing projected earlier this year. The strongest economic headwind of all is China’s ‘Covid-zero’ strategy. Harsh, targeted yet

Britain’s cities could be cut off from one another and NHS patients may put under increased risk if militant left-wing union barons push ahead with a once-in-a-generation set of strikes that will cripple more than half of the country’s railway network. Major towns stretching from Dorset, Cheshire, Wales and Scotland will have no links at all while

Hospitality chiefs today said the national rail strike will cost the sector £540million over the week amid a 20 per cent drop in sales, hit ‘fragile consumer confidence’ and could ‘deliver a fatal financial blow’ to some firms.  The warning came as the devastating impact of next week’s strikes on the London Underground and Overground emerged, with

Boris Johnson wants this month’s widespread rail strikes to go ahead so he can “feed off the division”, Labour leader Sir Keir Starmer has said. Starmer said during Prime Minister’s Questions (PMQs) that “I don’t want the strikes to go ahead”, after a series of Tory attacks pinning the blame for the industrial action on

Only half of Britain’s train network will run on strike days next week – with a very limited service on those lines from around 7.30am until 6.30pm, rail bosses said today as unions were accused of putting Britain back into lockdown. Members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13

More than £4billion of retirement spending is set to be funded by equity release this year, with the figure predicted to more than double by the end of the decade, new data shows. Equity release now funds one in every £90 spent domestically by retired people, according to research by insurer Legal & General and the Centre

Equity release finances around £1 in every £90 spent by retired people within the UK, according to analysis. Total retirement spending funded by equity release could top £4 billion this year and £5 billion in 2025, according to modelling by the Centre for Economics and Business Research (Cebr), as homeowners increasingly look to property wealth to support

By 2030, a more inclusive digital society could add £168 billion to the UK economy (Cisco, CEBR, June 2022). That is why today, Cisco has committed to help accelerate economic growth across the UK through digital inclusion and innovation. Through investment in partnerships, projects and initiatives focussed on creating opportunity for people, organisations, industries, and

Joining the CBI’s Skills Think-In on 10 May, it was clear that when it comes to skills, we all have a shared vision. From local authorities and community outreach organisations to private sector business leaders, everyone round the table agreed: we can’t drive forward regional growth – attracting investment and helping to level up the

It’s a question I’m getting asked constantly by employers – what should we be doing? And what are others doing? Some of the biggest UK businesses are weighing up if and how they should support their workforce through the cost of living crisis, and with good reason. Employees’ financial struggles are costing businesses. The Centre for

Soaring inflation, an economy falling to the bottom of global league tables, and a summer of strike action ahead. As Boris Johnson attempts to reset the political agenda, the economic backdrop could hardly be worse. This week the government will face more troubling news, with official figures on Monday expected to show the economy came close

Further rail strikes across Scotland will strip millions of pounds from the economy, experts predict, as council officials demand that SNP ministers intervene on a pay dispute to ensure schools can reopen in August. About 40,000 rail workers across the United Kingdom plan to walk out on June 21, 23 and 25 in a row

The looming national rail strike could cost the UK economy more than £90million a year, say experts. The RMT has confirmed plans for three days of walk-outs by tens of thousands of rail workers on June 21, 23 and 25 in a dispute over pay. It comes amid what is threatening to turn into a “summer of

A wave of rail strikes set to hit Britain later this month could cost the economy almost £100m – with London taking the biggest hit. That’s according to analysis by the Centre for Economics and Business Research, which estimates around 250,000 people will be unable to work on June 21, the first day of strike action.

Rail and underground strikes due to hit the UK for three days later this month could cost the economy almost 100 million pounds ($125 million), with London dealt the biggest blow. That’s according to analysis by the Centre for Economics and Business Research, which estimates around 250,000 people will be unable to work on June

This week, the Rail, Maritime and Transport (RMT) union announced a national three-day strike across the UK rail network. The strike, which is scheduled to take place on Tuesday 21st, Thursday 23rd and Saturday 25th June and cover over 40,000 rail workers across the UK, comes following fraught negotiations over jobs, pay and pensions. According to

Artemis Technologies, the global leader in green maritime innovation, has launched to market the world’s first commercially viable 100% electric, high-speed foiling workboat range. Developed and built in Belfast, the zero-emission vessels are the greenest workboats on the planet and represent a £12 million investment in research and development. With a top speed of 34 knots

Technologies, the global leader in green maritime innovation, has launched to market the world’s first commercially viable 100% electric, high-speed foiling workboat range. The first commercial vessels to be built in Belfast in many decades, are billed as the greenest workboats on the planet, have a range of 60 miles and top speed of 34

Banff and Buchan MP David Duguid met Openreach engineers to check on the latest rollout of ultrafast, full fibre broadband in the region. He was given a tour of the work in Banff, along with an update on the Aberdeenshire build. It has now reached more than 23,000 properties, meaning full fibre is available to

A quarter of gamblers have increased their habit over the last year, with those aged under 35 three times as likely to be spending more, according to research. Almost half (46%) of all under-35s are now gamblers, with one in three of them (30%) admitting their habit has increased over the last 12 months, according

A quarter of gamblers have increased their habit over the last year, with those aged under 35 three times as likely to be spending more, according to research. Almost half (46%) of all under-35s are now gamblers, with one in three of them (30%) admitting their habit has increased over the last 12 months, according

A quarter of gamblers have increased their habit over the last year, with those aged under 35 three times as likely to be spending more, according to research. Almost half (46%) of all under-35s are now gamblers, with one in three of them (30%) admitting their habit has increased over the last 12 months, according

The OECD said the UK economy will grind to a halt next year with only Russia performing worse among leading economies as it urged Prime Minister Boris Johnson’s government to cut taxes.  In its bi-annual economic outlook, the club of rich nations said recent increases in income and business taxes will contribute to a slowdown

Good Business Pays is spearheading an alliance involving the Small Business Commissioner and leaders from the UK’s biggest business groups including the Federation of Small Businesses, CBI, and BCC to stop slow payments from harming small businesses once and for all. Launched today, the ‘Wait Off’ campaign is backed by 16 of the UK’s most

Move to Leeds and benefit from the jobs boom, says Melissa Berthelot, boss of medical appliance maker WarnerPatch, who relocated her business from London two years ago to benefit from a burgeoning deep tech industry in the West Yorkshire city. With skilled data science and software engineers in short supply across the south-east – and most other

2022 is a special year, not only because it marks the Queen’s 70th year on the throne, but it also gives Brits an extra bank holiday to look forward to. From Thursday June 2 to Sunday June 5, the UK, Overseas Territories and Commonwealth will join in celebration of the Queen’s Platinum Jubilee. After the past two years

To mark the Queen’s 70 years of service (a euphemism for a role that was handed to her based solely on her elite bloodline), Brits have been given a four-day bank holiday weekend to enjoy the Platinum Jubilee. While Union Jack bunting is being plastered across the country, making it harder to decipher who is pro-Brexit and who

Rishi Sunak’s £15bn cost of living package may only be a temporary plaster, the CEBR think tank warns. CEBR says the measures will help struggling families in the cost of living crisis, but more would be needed next year unless energy prices fall back: “Under the support measures announced this spring (both in February and

Yesterday’s announcement by Rishi Sunak, Chancellor of the Exchequer, signals that the Government is waking up to the extreme challenges faced by many UK households as prices continue to soar. All in all, the May 2022 Cost of Living Support package represents a generous intervention, which will particularly help the most vulnerable households in keeping

Iceland recently announced that, starting from May 24, customers over the age of 60 would receive a 10% discount on their grocery shopping in the store every Tuesday. The move is motivated by the concerns older shoppers have experienced around the cost-of-living crisis – which has seen energy bills and food prices rise, among other things,

UK households’ disposable income has fallen by the most since 2008, according to grocer Asda Group Ltd., underlining the extent of the country’s cost-of-living crisis as the government steps up efforts to tackle it. Weekly household income to spend on non-essentials dropped by £40.38 ($50.77) on average in April from a year earlier, the biggest decline

Talk of falling house prices is in the air, most notably from Nationwide Building Society, which last week warned that pressure on household budgets had created “a risk of a downward movement in house prices”. That, along with four consecutive interest rate rises from the Bank of England, has also generated concern about a rise in

The Elizabeth line will finally open on 24 May, three and a half years later than originally planned. Back in 2018, when it was due to open, the overriding concern was that rail infrastructure was not keeping up with commuter demand into central London and was choking the capital’s economic growth. But in a post-Covid, hybrid

We are all toiling for the taxman, spending almost half of our lives earning money for HM Revenue & Customs. Incredibly, the poorest Britons work 24 years for HMRC, and only 16 years for themselves. These shock figures come from the Taxpayers Alliance (TPA), whose media campaign manager Danielle Boxall said that in future we

Having appeared on many stages and film sets during my career I can say with conviction that stepping into the theatre of British politics never fails to inspire and excite. I shall proudly once more step into the breach and ask MPs to do right by their constituents tomorrow, on Monday 23 May, and overhaul

Dame Joanna Lumley is calling on ministers to launch a parliamentary inquiry into medical research methods in the UK, warning that animal tests are “failing patients”. The actor, often dubbed a national treasure, is set to tell MPs that investment in “human-relevant” techniques would support economic growth and help the UK become a “science superpower”. In an address to

Oil and gas veteran Sir Ian Wood has warned a windfall tax would deter investment in the North Sea at a critical time as experts predicted it would deliver a blow to investment. Sir Ian Wood said a raid on producers would have a “major negative impact” at a time of concerns around security of supply.  He

Such is that state of the UK consumer that even seemingly positive data can reveal bad news about the economy. After a week of grim reports showing inflation at a four-decade high and consumer confidence at the lowest level since at least 1974, a release on Friday showing retail sales unexpectedly rose in April appeared

Older homeowners accessing the value held in their homes via lifetime mortgages and other forms of equity release are directly adding nearly £1.8 billion in GVA across the UK economy, according to a new report from Legal & General and the Centre for Economics and Business Research (CEBR)1. Spending funded by equity release is further

The power balance in the housing market is turning. Sellers who in 2021 received multiple bids and offered 20pc higher than they asked are now rushing to shift homes before prices fall. A race to lock in sales ahead of a widely expected slowdown has meant more sellers agreed a price in April 2022 than in than the

Cross-border tax complexity cost UK manufacturers £24bn in lost revenue last year, according to new research commissioned by tax compliance technology company Avalara, Inc. from the Centre for Economics and Business Research (Cebr). The report finds that the stresses of navigating complex regulations post-Brexit continue to hold back growth for UK manufacturers, and is causing significant

Older homeowners accessing the value held in their homes via lifetime mortgages and other forms of equity release are directly adding nearly £1.8bn in gross value added (GVA) across the UK economy. GVA is the difference between the value of input, the materials, that go into a process, and the value of the finished product.

Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City A.M. this morning. The stresses of navigating complex regulations post-Brexit continues to hold back growth for UK exporters, and is causing significant anxiety for

Download the full report here Cebr was commissioned by Yorkshire Building Society to examine the current financial resilience of households across the UK. With the economy still recovering from damage sustained during the pandemic, and the tax burden increasing for many households, ongoing rises in inflation could not have come at a worse time. Average

The Centre for Economics and Business Research (CEBR) predicts Brighton will leap 38 places in its league table of cities, moving from 43rd for economic output growth in 2021 to fifth place by the end of 2023. The city could have a £300 million increase in its output, the equivalent of 2.3 per cent year on year.

Derby has been forecast to create thousands of new jobs and have the fastest-growing economy of any city in the East Midlands by the end of 2023. New figures from Irwin Mitchell’s UK Powerhouse report says that Derby will see the number of jobs available grow to 3,600 by the end of 2023. By this time, the value of

Swindon is predicted to be among the fastest growing economies by the end of 2023, according to new research. The study carried out by the Centre for Economics and Business Research (Cebr) revealed that it had placed in the top ten in the country. Most of the top 10 fastest growing city economies by the end

Millions of carers have been left thousands of pounds worse off and struggling to keep up with rising costs after receiving an “insulting” 4p an hour increase in carers’ allowance.  Family members who care for sick loved ones for more than 35 hours a week and who receive the state-paid benefit have been pushed into poverty by

Birmingham is set to see its economy grow by £1bn by the end of 2023, bucking the trend for the most successful cities to be found in southern England. According to Irwin Mitchell’s UK Powerhouse report, produced by the Centre for Economics and Business Research (Cebr), Birmingham delivered 6.9% GVA growth in the 12 months

Stoke-on-Trent has been tipped to have the third highest jobs growth in the UK by the end of next year. A report from law firm Irwin Mitchell predicts that Stoke-on-Trent will have a year-on-year growth in employment of 2.2 per cent by the fourth quarter of 2023, with only Cambridge and Oxford expected to do

A NEW economic report is predicting the size of the economy in an area of Lancashire will grow to almost £4.3 billion by the end of 2023. However, it has warned the Government’s “levelling-up” agenda will stall unless more Foreign Direct Investment (FDI) is attracted to the region. According to Irwin Mitchell’s UK Powerhouse report, produced by the Centre

Bristol’s economy is expected to fall out of the UK’s regional top 10 but still expand by £500m and add almost 10,000 new jobs by the end of next year, according to a new report. The city has been predicted to see year-on-year growth of 2% in the fourth quarter of 2023 in terms of

Law firm Irwin Mitchell’s latest UK Powerhouse report, produced by the Centre for Economics and Business Research (CEBR), showed Leeds will be one of the few Northern cities to improve in terms of job creation by the end of 2023. Leeds is expected to go from ninth in the table in the fourth quarter of 2021, to sixth place

Most of the top 10 fastest-growing city economies by the end of next year will be in the South or East of England, new research suggests. The Government’s levelling up agenda will fail to take off unless more is done to help local economies in other parts of the UK. The dominance of London and

Wales was the only part of the UK that saw an increase in foreign direct investment (FDI) projects during the pandemic. In Wales, the figure increased 3%, while in London the number of FDI projects collapsed -23%. There was also a fall in Scotland (-24%) and Northern Ireland (-28%). But despite being the only UK

Brighton and Hove will be one of Britain’s fastest-growing cities by the end of next year, according to a report published today (Monday 16 May). But the city is not among the 10 locations tipped for the highest rates of job growth. Law firm Irwin Mitchell asked the Centre for Economics and Business Research (CEBR)

A NEW economic report places Edinburgh in the top ten best performing cities for economic output and employment by the end of 2023 but reveals mixed fortunes ahead for Aberdeen and Glasgow. According to Irwin Mitchell’s latest UK Powerhouse report, produced by the Centre for Economics and Business Research (Cebr), Edinburgh will rise from being among the

“Stealth taxes” will cost Britons more than £7.5bn this year as inflation spirals and tax brackets are frozen in place. The cost of living crisis has already gnawed through workers’ pay increases, and now families will be coughing up even more. As people’s pay packets increase in line with sky rocketing prices, more workers will

Overseas investment and an economy rich in services and tech-based firms will mean Milton Keynes will be home to one of the UK’s fastest growing economies by the end of 2023 – according to a new business report. The UK Powerhouse study, which has been produced by Irwin Mitchell and the Centre for Economics & Business Research (Cebr), analyses

In February 2021 the Bank of England’s Monetary Policy Report predicted an inflation peak of 2.1%. In May 2021 the forecast peak was raised to 2.3%. In August 2021, acknowledging that inflation was already 2.5% and above the previously forecast peak, the new forecast peak was raised to 4.0%. In November 2021, noting that inflation

Is there any hope of house prices dropping in the near future, or is this basically it, rising 10 per cent-plus a year? A despondent would-be first-time buyer posted their predicament on a Reddit forum recently: “Partner and I have a combined income of £53,000 and deposit of £35,000, but no houses in a ten-mile

Responding to the research from YouGov and the Centre for Economics and Business Research (CEBR) showing that confidence in household finances has hit an all-time low, consumer finance specialist Sarah Pennells at Royal London, said: “Our cost of living research shows that people are already cutting back their spending on food, fuel and energy bills, with

London homeowners already pay the biggest share of their take home pay towards mortgage repayments compared with any other region.  First-time buyers in the capital spend more than half their earnings on their mortgage, compared to 37pc in the South West, 26pc in Wales and 19pc in the North of England. As rising mortgage repayments

The UK’s cost of living crisis has knocked consumer confidence again, according to the latest analysis from YouGov and the Centre for Economics and Business Research (CEBR). As with last month and the month before, a modest fall in the overall index (-1.0) can be explained by a rather more severe decline in household finance

As with last month and the month before, a modest fall in the overall index (-1.0 ) can be explained by a more severe decline in household finance measures, which have hit yet another all-time low. Across other measures, the story is less dramatic. Worker perceptions of retrospective business activity saw a minor bump, increasing to

UK households’ concern about their finances has hit another record low as they “bear the brunt” of the cost-of-living crisis, according to a survey. Confidence in household finances over the short term hit an all-time low in the monthly survey from YouGov and the Centre for Economics and Business Research (CEBR) in April, dropping by

Concern about the cost of living has hit a record high as UK households continue to “bear the brunt”. A new survey says confidence in household finances over the short term, hit an all-time low in April, dropping by six points on the previous month and a “massive” 57 points compared with April last year

UK households’ concern about their finances has hit another record low as they “bear the brunt” of the cost-of-living crisis, according to a survey. Confidence in household finances over the short term hit an all-time low in the monthly survey from YouGov and the Centre for Economics and Business Research (CEBR) in April, dropping by six points on the

The gloom among people in Britain over their personal finances hit a fresh all-time low in April, according to a survey which added to signs of how households are struggling to cope with a cost-of-living crisis. The monthly consumer sentiment survey from pollsters YouGov and consultancy Cebr showed sentiment around household finances – both in

The well-being of Britons is at a 10-year low with the rising cost of living found to be the most pressing issue for more than a third of adults, a survey has revealed. The LifeSearch Health, Wealth and Happiness Index, compiled by the Centre for Economics and Business Research, found that despite starting to recover in 2021, the

Already-stretched households are bracing for an additional £3,000 dent in their finances this year as inflation soars even higher. Three-quarters of bill payers expect to be worse off this year as a result of rising costs, according to a survey of 2,000 adults by LifeSearch, an insurance broker, and the Centre for Economics and Business Research

The power balance in the housing market is turning. Sellers who last year received multiple bids and offers 20pc higher than they asked are now rushing to shift homes before prices fall. A race to lock in sales ahead of a widely expected slowdown  has meant more sellers agreed a price last month than in April 2021: when

New research has found that real-time data analytics technologies increased revenues for 80% of companies. The Speed to Business Value report from KX and the Centre for Economics and Business Research (Cebr) surveyed over 1,200 companies across the US, the UK, France, Germany, Singapore, and Australia. With 80% of the surveyed companies increasing their revenues, real-time data

KX and the Centre for Economics and Business Research (Cebr) have published ‘The Speed to Business Value’ an industry report showing the commercial and operational benefits to be gained by businesses adopting real-time data analytics technologies. Announced today at the Gartner® Data & Analytics Summit 2022, the in-depth report surveyed over 1,200 companies spanning six countries

Real-time analytics, also known as streaming analytics, is a subset of data analytics that helps businesses obtain real-time insights and predictions from large volumes of data to allow for optimal, immediate decision making. Real-time data platforms are often highly scalable and offer many capabilities rolled into one: real-time analytics, time-series databases, complex event processing, machine

Shanghai, widely hailed as China’s commercial capital, has become the biggest victim of the mainland’s aggressive zero-Covid strategy. Having kept new cases in single digits for much of 2021, a spike in infections saw the port city enter lockdown in late March, as part of the central government’s hard-line mandate to stymie community transmissions. The

Something happens the moment you buy a house. People assume that you’re rich in a way they don’t when you rent, or even when you own a flat. It is absolutely pointless trying to tell them that you’ve never felt poorer or worried about money more — they won’t believe you. Suddenly, because you own

The number of homeowners forced to sell up is forecast to rise by half in the coming months amid an affordability emergency triggered by rising interest rates. Repossessions will surge as borrowers struggle to afford higher mortgage payments, experts have warned, with almost 4,000 people at risk of losing their home by the end of

As we enter Mental Health Awareness Week on 9 May, surveys find the rising cost of living is triggering huge anxiety as millions face bills they are struggling to afford The ongoing and worsening UK cost-of-living crisis is having a significant impact on mental health in the UK, according to research by asset management firm BMO. According

Real-time payments are expected to facilitate $793.2m (US$573m) of additional economic output in 2026 for Singapore, equating to 0.15% of the city-state’s GDP, data from the third Prime-Time for Real-Time study by ACI Worldwide and Centre for Economics and Business Research (Cebr). In 2021, real-time payments boosted Singapore’s GDP by $483.1m (US$349m) and helped local

Data aggregated and anonymized from over 593 million B2B transactions worth $4.6 trillion, from 20.7 million buying companies worldwide Global payment trends over the last three years revealed: US companies tenth in the world for lengthy payment delays UK and Ireland among top five worst in Europe for payment delays Economists at Cebr say increasing

The UK Home Office must take urgent action over passport delays amid suggestions a million people could miss out on summer holidays because of processing hold-ups, an SNP MP has said. Stewart McDonald has written to Home Secretary Priti Patel slating her department’s slow response to delays at the passport office with many people waiting beyond the