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Tui cancels quarter of flights from Manchester Airport FTSE 100 adds 0.1pc S&P 500 little changed, Nasdaq up 0.5pc Matthew Lynn: Businesses must go on strike over Sunak’s disgraceful tax raid Sign up here for our daily business briefing newsletter ​ M ortgage lending fell by more than a third in April, stoking fears of a slowdown in house prices. Total lending for house purchases slumped to £4.1bn, from £6.4bn in March, as the impact of higher interest rates kicked in. Data from the Bank of England showed mortgage approvals fell to around 66,000 over the month, compared with 70,700 in March. The number of loans granted was well beneath economists’ expectations, and below the average for the half-decade before the pandemic. 6:07PM Wrapping up T hat's all from us today, thank you for following! Before you go, have a look at the latest stories from our business reporters: Bank of England to take over collapsed … [Read more...] about Housing market slump feared as mortgage lending plunges by a third

Published 21 February 2017 Share close Share page Copy link About sharing Disabled people will get a fresh chance to make their concerns heard as consumers, thanks to a government initiative to be announced on Tuesday. Eleven sector champions are being appointed to help make different areas of business more accountable to the disabled. They will cover business sectors including banking, tourism, retail and public transport. The initiative is being launched by the Department for Work and Pensions. "There are currently more than 11 million disabled people in the UK and the spending power of their households - 'the purple pound' - is almost £250bn," a spokesperson said. "But many businesses are missing out on this potential customer base by having everyday products and services which aren't available to disabled people - who, as a result, are regularly excluded from experiences and … [Read more...] about New voice for disabled consumers

Simon Draper is the executive director of the Asia NZ Foundation Te Whītau Tūhono. OPINION : Perhaps it’s because we’re now midwinter , or perhaps I’m getting a little long in the tooth, but since my recent visit to Asia, where I spent a number of years as a young man, I’ve been thinking how you can feel like a Young Turk one day and seemingly an old curmudgeon the next. It has been a reminder to me that it’s important to keep an open ear and mind to the voices of the younger generations, because the future depends more on them than on people like me. This is particularly the case in Asia, where in terms of the key growth demographic there are 800 million millennials, compared with 66 million in the United States (and 60 million in the EU), according to investment bank Schroders. And 65% of millennials in emerging markets expect to be better off than their parents, versus an equivalent percentage in developed countries who expect to be worse off. Millennials in Asia are … [Read more...] about Squid Game and K-pop are a gateway to Asia for young Kiwis

We can only hope that, one day soon, Andrew Bailey will wake up and realise he is the Governor of the Bank of England . Yet based on his most recent remarks at the European Central Bank conference in Portugal this week, it’s still not clear Bailey is aware of the critical role he plays in shaping UK monetary policy. “The key thing for us is to bring inflation back down to target,” he announced to a room full of bankers. Yes, this is quite the “key”. In fact we’ve been desperate for the Bank to tackle inflation for many months now, so it’s refreshing to know this is an acknowledged priority. “That is what we will do,” Bailey pronounced in his follow up. Again, good news. How? When? Is there any plan of action, apart from the Bank’s governor talking about the UK economy as if the role he plays is a minor one, at best? If there’s any generous reading to be done of Bailey’s remarks, it was the not-so-subtle indication that the Bank is considering a 50 basis points jump in … [Read more...] about Britain is becoming Europe’s sick man again and needs stronger medicine now

German Economy Minister Peter Altmaier on Monday called on the nation's top carmakers to invest a lot more in electric vehicle technology. Otherwise, he told Germany's mass-circulation Bild daily, it would be impossible to keep up with global competitors in the long run. He said domestic auto manufacturers needed to pump high "two-digit-billion-euro amounts" into the development and production of e-cars, adding that he did not understand why the firms had hesitated for so long . Altmaier insisted more investments were also required in battery production, given expected demand for many millions of them around the globe as e-mobility was taking shape. "Otherwise, we'll have to accept that a large part of the added value will be produced in Asia or the United States, instead of here with us," the minister argued. 'Where's our own Tesla?' Altmaier said German companies should also work with other European firms to develop battery cell production. Several firms including … [Read more...] about German minister urges carmakers to invest more in e-mobility

Todd and Julie Chrisley, stars of the reality show “Chrisley Knows Best” and its spinoffs, were once the picture of the American Dream: A beautiful home, a big family and a thriving business. But what the cameras didn’t show was an unfolding drama involving bank fraud, tax evasion and obstruction of justice. Todd was born in Georgia in 1969 and then grew up in Westminster, South Carolina. He married his high school sweetheart, Teresa Terry, and together they had two kids before divorcing in 1996. In the same year his divorce from Terry was finalized, Todd married Julie. He made a fortune through Chrisley Asset Management, a real estate company he founded in Georgia. The success of the business combined with Todd’s personality and large family made him a perfect candidate for reality TV. Even before the Chrisleys began their reality show in 2014, they had financial problems. In 2012, Todd filed for bankruptcy protection. Explaining the filing, his lawyer told People … [Read more...] about Reality Bites: The Rise And Fall Of The Chrisley Family Empire | The Daily Wire

Northern Ireland: UK slammed for 'lack of consent' over Brexit Sign up for FREE now and never miss the top politics stories again SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Passengers leaving the UK have been stuck for hours as the Traffic Assessment Project causes "misery". Remoaners took to Twitter to blame Brexit for the delays, with user @ApesPlague saying: "Brexit isn't working! #BrexitHasFailed." The Port of Dover said it is working "as quickly as possible" to minimise delays. Dover MP Natalie Elphicke was also blasted with @BrexitBin saying: "She supported Brexit, claimed it would benefit Dover, and now moans about the consequences that every sane person warned her about. ... What a total Brexidiot! #BrexitHasFailed." THIS BLOG … [Read more...] about Brexit: It has failed! Row erupts on HGV Dover chaos as Remoaners fume at ‘Brexidiot’