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  • Alvin_ti4200

    félisten

    válasz FeRkE #36036 üzenetére

    Már pénteken is lehetett ilyeneket hallani, szerintem még én se tudnék ilyen gyorsan megbukni :N

    Would scrapping mini-budget help increase pound?

    We reported earlier that our colleagues on the News Channel were going to host a 'Your Questions Answered' - well, that's happening now.

    One of the questions is from Rory, who asks why the government isn't going back on its tax-cutting mini-budget if the markets don't like it. We wouldn't need to borrow as much then, so wouldn't that able to stabilise the pound, he asks.

    Patrick Reid, an expert in global currency markets, says simply that the answer is no. The damage is already done - "in a market sense". The trust - between the markets and government - isn't there at the moment, he adds.

    ***

    Some UK lenders have taken new mortgages off the table in response to turmoil in British funding markets.

    Halifax, the UK's largest mortgage lender, says it will temporarily withdraw all mortgage products that come with a fee.

    "As a result of significant changes in the cost of funding, we're making some changes to our product range," a Halifax spokesperson said in a statement.

    Halifax, part of Lloyds Banking Group, says there will be no change to its product rates and that it continues to offer fee-free options at all product terms and loan-to-value levels.

    Virgin Money says it is temporarily withdrawing all mortgage products for new customers at 20:00 BST, according to an email sent to brokers.

    Skipton Building Society has taken its new mortgage business product range off the market with immediate effect, it told brokers in an email.

    (BBC)

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