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02.04.26 - 08:25
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UK hit by record rise in fuel prices, and ′biggest mortgage shock since mini-budget′ as Iran war bites – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsIt's not just mortgages that are going up, either.UK petrol and diesel prices jumped by a record amount in March, as the oil supply shock caused by the Iran war quickly rippled to forecourts.“The increases drivers have had to endure in March 2026 far exceed those seen in the early days of the war in Ukraine.“While the monthly rise in a litre of petrol is bad enough, the jump in the cost of diesel is even harder to swallow at 40p a litre. Continue reading......
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02.04.26 - 05:30
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Hong Kong′s property deals exceed 7,000 for 6 straight months in March (SCMP)
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Hong Kong's property transactions crossed 7,000 for the sixth consecutive month in March – the first time in four years that monthly volumes stayed above this level – amid rising demand, according to estimates compiled by leading real estate agencies.
The value of transactions for offices, shops, new and second-hand homes, industrial spaces and car parking slots amounted to nearly HK$64 billion (US$8.16 billion), according to separate estimates by Centaline Property Agency and Ricacorp......
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01.04.26 - 12:54
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Iran war may cause higher mortgage payments for extra million UK households, says Bank of England (The Guardian)
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Financial policy committee makes warning over 'Trumpflation' increases, as average two-year fixed rate hits 5.84%Business live – latest updatesThe US-Israel war on Iran could end up increasing monthly mortgage payments for more than one million more UK households, the Bank of England has warned, adding that the conflict had dealt “a substantial negative supply shock” to the world economy.Financial market jitters over the conflict in the Middle East have resulted in banks pulling about 1,500 mortgage products, with many banks raising interest rates on their remaining 7,000 home loan products in recent weeks, the Bank's financial policy committee (FPC) said. Continue reading......
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