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No-deal Brexit would take a chip off UK home values – Reuters poll

LONDON (Reuters) – Britain’s over-valued housing market will undergo a modest correction if the country leaves the European Union at the end of next month without a deal, a Reuters poll found, with London being affected to a greater degree. Read more ›

UK pay gap between CEOs and staff widens – lobby group

The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. Read more ›

Berkeley says UK housing market sluggish on Brexit run-in

(Reuters) – Berkeley Group Holdings (BKGH.L) said on Wednesday Britain’s housing market lacked urgency and was constrained by high transaction costs, limits on mortgage borrowing and uncertainty over next year’s planned exit from the European Union. FILE PHOTO: A carpenter Read more ›

London house prices to fall this year and next, 1-in-3 chance of a crash – Reuters poll

LONDON (Reuters) – House prices in London’s overvalued market will fall this year and next, a Reuters poll of analysts and experts predicted, and will tumble if Britain fails to reach a deal ahead of its departure from the European Read more ›

Wells Fargo faces tax credit probes, new problems with mortgage borrowers

NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) is facing government probes into its use of low-income housing tax credits, and has also set aside $8 million to compensate borrowers who were incorrectly denied mortgage modifications under a federal Read more ›