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MPs square up to regulator over duty of care for banks

LONDON (Reuters) – A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling Read more ›

Bank of England’s Carney tells investors they are too relaxed on rates

LONDON (Reuters) – Bank of England Governor Mark Carney said on Thursday investors were underestimating how much interest rates could rise, even as the British central bank kept borrowing costs on hold due to Brexit uncertainty. Sounding more hawkish than Read more ›

Bank of England to keep rates steady, despite Brexit delay

LONDON (Reuters) – The Bank of England looks set to leave interest rates on hold on Thursday and keep its options open for later in the year when it announces its first policy decision since the postponement of Britain’s departure Read more ›

Britons feel a boost in their finances from rising wages – survey

FILE PHOTO – Office workers are seen in the London Place business district near Tower Bridge in central London February 9, 2011. REUTERS/Toby Melville/File Photo LONDON (Reuters) – British households reported the strongest growth in at least a decade in Read more ›

UK property asking prices rise, Brexit delay could spur buyers – Rightmove

An estate agent board is displayed outside a property in London, Britain July 7, 2017. REUTERS/Neil Hall LONDON (Reuters) – Asking prices for British homes rose by the most in over a year in the four weeks to April 6, Read more ›

UK house price growth cools in early 2019, outlook subdued: Halifax

A house door is seen in London, Britain January 19, 2017. REUTERS/Stefan Wermuth LONDON (Reuters) – British house price growth cooled in the first three months of 2019 in annual terms and the outlook is likely to remain subdued, given Read more ›

UK house prices edge up, London falls again – Nationwide

LONDON (Reuters) – British house prices picked up only a little bit of speed this month as the approach of Brexit weighed on the housing market, data from mortgage lender Nationwide showed on Friday. FILE PHOTO: A row of houses Read more ›

British banks approve fewer mortgages in February as Brexit nears – UK Finance

FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville/File Photo LONDON (Reuters) – British banks approved fewer mortgages in February than during January, industry data Read more ›

UK inflation up, London house prices fall by most since 2009

LONDON (Reuters) – Britain’s main inflation rate ticked up last month but stayed close to January’s two-year low, helping consumers maintain their spending power as wage growth also picked up, even though the timing of Brexit remained uncertain. FILE PHOTO Read more ›

FCA to curtail investment platform exit fees

LONDON (Reuters) – Britain’s financial markets regulator on Thursday proposed a package of measures aimed at improving competition in the investment platforms market, including restricting the use of exit fees. It follows initial recommendations set out last July to help Read more ›