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Matthew Davies

Matthew Davies


Articles

The Bank of England has increased interest rates to their highest level in 15 years. EPA
UK mortgage pain rises for borrowers

After the Bank of England raised rates to their highest level in 15 years, who are the winners, the losers and the big losers?

UKAugust 04, 2023
The Bank of England has raised UK interest rates to new 15-year high as it battles 'sticky' inflation. PA
Bank of England raises interest rate to 5.25%

Increase of 0.25 percentage points is 14th consecutive rise

UKAugust 03, 2023
A high street in Chatham, Kent. Wet weather, rail strikes and the cost of living crisis have put off British shoppers. Getty Images
Damp July weather drives shoppers away from UK high streets

Britain is on Thursday set to raise interest rates for 14th time, with footfall dropping

UKAugust 03, 2023
Simon Squibb in front of the Twickenham stairwell he plans to turn into an entrepreneurial hub for start-ups. Photo: HelpBnk
On the property ladder: London stairwell sells for £25,000

Entrepreneur buyer hopes to turn four-storey flight of stairs in Twickenham into a hub for pop-up businesses

UKAugust 02, 2023
Workers on a Taylor Wimpey housing estate in Aylesbury. The home builder says mortgage rates are affecting affordability in the market. Reuters
Taylor Wimpey says UK housing market hit by high mortgage rates

Company's first-half results announced on eve of another predicted rise in interest rates by the Bank of England

UKAugust 02, 2023
Alison Rose, chief executive officer of NatWest, is stepping down. Bloomberg
NatWest shares slide after chief's resignation in Farage row

Departure follows dispute over former politician Nigel Farage's bank account

UKJuly 26, 2023
Passengers arrive at London's Heathrow Airport. The business posted a loss of £139 million in the first half of the year. Getty
Heathrow halves losses but warns of cost of living pressures

Airport company says it is still in the red because passenger revenue allowance was set too low

UKJuly 26, 2023
The golden steak is one of Salt Bae’s signature dishes. Photo: Instagram / @nusr_et
Prime cuts: Salt Bae slashes prices at London steakhouse

Flamboyant restaurateur launches cut-price lunch menu at Nusr-Et Steakhouse after torrent of bad reviews

UKJuly 24, 2023
Hanover Lodge in London's Regent's Park. Getty
Indian billionaire Ruia buys Russian-linked London mansion for £113m

Hanover Lodge in Regent’s Park has been associated with Gazprom subsidiary boss Andrey Goncharenko

UKJuly 21, 2023
Department stores and furniture shops had a good month as UK retail sales beat expectations in June, official figures show.
UK retail sales gains in June beat expectations

Numbers suggest 'consumers remain willing to spend money when the opportunity presents itself', analysts say

UKJuly 21, 2023
Nigel Farage claims Coutts closed his account because of his political views. PA
Here’s why British banks can close your account

Treasury plans to tighten rules after the 'debanking' of British broadcaster and ex-politician Nigel Farage

UKJuly 20, 2023
The 7,940-square-foot residence was designed by minimalist architect Claudio Silvestrin. Photo: Beauchamp Estates
Kim Kardashian's minimalist London villa on sale for £17.25m

Sleek and elegant house in Hampstead was designed by Kim Kardashian and Kayne West's personal architect

UKJuly 20, 2023
Alison Rose, chief executive of NatWest Group, of which Coutts is a subsidiary. Bloomberg
NatWest boss apologises to Farage over account furore

Dame Alison Rose faces further scrutiny over her role in former Ukip leader's bank account being closed

UKJuly 20, 2023
Inflation fell to 7.9 per cent in June, despite an increase in food prices. EPA
UK inflation falls to 7.9% in bigger drop than forecast

Figure is the lowest in 15 months but analysts are unconvinced drop is enough to halt interest-rate increases

UKJuly 19, 2023
Shoppers at a supermarket in London. Retail analyst Kantar says grocery price inflation has fallen for the fourth month in a row as supermarkets push promotions. EPA
UK grocery inflation eases on supermarket deals

Fourth month in a row that inflation has fallen from its peak of 17.5 per cent in March

UKJuly 18, 2023
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