New Deal
| Use attributes for filter ! | |
| Organized by | Franklin D. Roosevelt |
|---|---|
| Presidents | Franklin D. Roosevelt |
| Date of Reg. | |
| Date of Upd. | |
| ID | 733477 |
About New Deal
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1936. It responded to needs for relief, reform, and recovery from the Great Depression.
'Labour won't turn on spending taps' says Starmer
... He will also declare Labour would secure " a New Deal to make work pay with increased mental health support, fully-funded plan to cut NHS waiting lists, an end to zero hour contracts, no more fire and rehire, and a real living wage"...
Why has the Gaza ceasefire come to an end?
... What happens next? Although negotiations continue in the hope of a New Deal being reached, for now it s clear that the war has resumed...
What is COP28 in Dubai and why is it important?
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Why Kenya-Uganda oil row is causing regional jitters
... He says it is not solely the New Deal that is at fault, suggesting Kenyan taxes levied on all petroleum products could be a factor and needed a " critical review"...
Imran Hussain: Shadow minister quits Labour front bench over Gaza
... Mr Hussain was the shadow minister for the New Deal for Working People...
House buyers look to adapt to higher mortgage rates
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US one step closer to avoiding government shutdown
... Without a New Deal, thousands of federal employees across the country are to be placed on unpaid leave, including members of the armed forces, air traffic control and those working in childcare centres...
Average five-year mortgage drops below 6%
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Average five-year mortgage drops below 6%
By Kevin PeacheyPersonal finance correspondent, BBC News
The average rate on a five-year fixed mortgage has fallen below 6% for the First Time since early July, new figures show.
On Thursday, the typical rate dropped to 5. 99%, according to the financial information service Moneyfacts.
Lenders have been given some confidence to cut rates after the
The average two-year deal has a rate of 6. 5%.
Around three-quarters of mortgage customers hold fixed-rate deals. Banking trade body Uk Finance says there are About 800,000 of these deals ending in the Second Half of 2023, and About 1. 6 million expiring next year.
These borrowers were given Some Hope of rates turning The Corner when The Bank of England's Monetary Policy Committee decided to hold the benchmark interest rate at 5. 25% last Thursday. The Move was a surprise to some analysts who were expecting another rise.
There have been incremental drops in the average rates since then, with some major lenders - Such as Nationwide Building Society, HSBC and Natwest - Cutting the cost of A Number of deals.
Despite falling below 6%, the average five-year rate is still only back to The Level seen less than three months ago. On 3 July, the five-year rate was 5. 97%, but rising.
Borrowers still face the likelihood of having to pay hundreds of pounds more each month compared to their expiring deal.
That has caused concern among debt charities, and an expectation that house prices could drop further.
Brokers say there is no a much stronger chance of some mortgage-holders being able to seal a rate of less than 5%.
But they say there is no chance of rates plunging to the kind of ultra-low levels that benefitted homeowners in the decade or so before late 2021.
That is because the economic situation is very different and The Bank of England's governor, Andrew Bailey , has played down the possibility of the wider Bank rate being cut soon.
" I can tell you that we have not had any discussion. . About reducing rates, because that would be very, very premature. Our job is to get inflation down, " He Said last week.
Ways to save money on your mortgageThere are
Related TopicsSource of news: bbc.com
New Deal Photos
