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Originally published 2011
Authors Patrik Aspers
Date of Reg.
Date of Upd.
ID2922704
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About Markets


Our lives have gradually become dominated by markets. They are not only at the heart of capitalistic economies all over the world, but also central in public debates. . . .

Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises

Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises
Nov 22,2023 3:31 pm

... " Conservative MP Kwasi Kwarteng - who was forced to resign as chancellor after his tax-cutting plans sparked a backlash from financial Markets - said Mr Hunt s statement was " a tentative step in the right direction" which would be welcomed by " core Conservative voters"...

What the chancellor really means when he says tax cuts are 'impossible'

What the chancellor really means when he says tax cuts are 'impossible'
Nov 17,2023 1:41 am

... Here are some things to contemplate when judging any chancellor s claims: Playing by your own rulesAlmost all rich countries have a set of rules, to maintain credibility with financial Markets, but it s the government which sets its own rules...

CPTPP: UK agrees to join Asia's trade club but what is it?

CPTPP: UK agrees to join Asia's trade club but what is it?
Jul 15,2023 9:50 pm

... What changes? The key perk is greater access to each other s Markets, and a pledge to eliminate or reduce 95% of import charges or tariffs...

Absolut Vodka halts exports to Russia after backlash

Absolut Vodka halts exports to Russia after backlash
Apr 18,2023 12:00 pm

... On Friday, the Kremlin published a list of goods from numerous foreign Markets - including carmakers and technology companies - that the government has included in its parallel imports scheme...

Eurostar trains carrying 30% fewer passengers

Eurostar trains carrying 30% fewer passengers
Jan 24,2023 7:31 pm

... " These are the main cities, these are the main Markets...

Cost of living: 'We've got to sell our family home due to mortgage rise'

Cost of living: 'We've got to sell our family home due to mortgage rise'
Nov 14,2022 2:11 pm

... A government spokesperson said: " We have taken action to restore immediate stability to the economy and Markets - including mortgages - and that remains our focus as we approach the autumn statement...

Sunak leads among Tory MPs but Johnson camp claims growing support

Sunak leads among Tory MPs but Johnson camp claims growing support
Oct 22,2022 4:20 pm

... She stood down on Thursday, after a series of humiliating U-turns forced on her by an adverse reaction to her tax policies in the financial Markets...

Did the mini-budget cause market turmoil?

Did the mini-budget cause market turmoil?
Oct 12,2022 10:51 pm

...By Reality Check teamBBC NewsThe government has been defending its mini-budget, following days of turmoil on the Markets, a fall in the value of the pound and rises in the cost of UK government borrowing and mortgage rates...

Cost of living: 'We've got to sell our family home due to mortgage rise'

Oct 11,2022 1:11 pm

By Charlie JonesBBC News, East

A mother-of-three said she was devastated at having to put her house on The Market because she could no longer afford her mortgage payments.

Emma Piddock, 32, from Norwich, is selling her family home and looking for a shared ownership property instead.

It means The Family would only own 25% of the property, which She Said was " extremely upsetting".

The government said it was focussing on restoring stability to the economy and mortgage market.

Mrs Piddock's two-year fixed mortgage currently costs £711 a month but is coming to an end.

The Family would be paying at least an extra £200 a month if they stayed in their three-bed mid terrace home, which they have owned for Four Years .

The Local government worker, who lives with her husband and three young children, said moving to a new house under a shared ownership scheme was The Family 's only option.

" We can't afford to rent privately but I earn too much money to qualify for social housing. We don't want to give up Our Home but we can't see any other solution, " She Said .

Her husband receives benefits because he is not able to work due to fibromyalgia. Despite being in constant pain, he has to look after their one-year-old twins while Mrs Piddock works because they cannot afford childcare.

" I've contacted companies that specialise in buying houses quickly and it's an avenue We Are having to consider, even though they are offering us £40,000 less than what we believe is the value of The House , of around £220,000, " Mrs Piddock said.

" We wanted to pass on the equity from Our House to our daughters so it's a horrible situation to be in. "

The average interest rate charged by mortgage lenders recently hit its.

Mortgage rates began to rise due to uncertainty caused by the government's mini-budget in September.

The Lib Dems have suggested homeowners struggling to pay their mortgages amid rising interest rates.

A government spokesperson said: " We have taken action to restore immediate stability to the economy and Markets - including mortgages - and that remains our focus as we approach the autumn statement.

" The financial regulator's rules require firms to deal fairly with customers in payment difficulties but we know Some People will be worried, which is why We Are doing what we can to help.

" The energy price guarantee will save the typical household around £700 this winter, We Are providing payments of £1,200 to The Eight million most vulnerable families and we have cut taxes for millions of Working People by reversing the health and social care levy. "

Have you been affected by the issues discussed here? Please share your experience by emailing: .



Source of news: bbc.com

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