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The monthly housing costs for first-time buyers are now £115 (13%) lower than the cost of renting an equivalent home, and the difference could add up to more than £27,600 over a 25-year mortgage, according to analysis by Halifax.

The Halifax Buying vs Renting Review is based on the housing costs associated with a mortgage on a three-bed home, compared to the average monthly rent of the same property type.

https://www.lloydsbankinggroup.com/media/press-releases/2022/halifax/buying-almost-1400-cheaper-than-renting.html

Air Canada snubbed US plane manufacturer Boeing and ordered 26 aircraft from EU rival Airbus, the company announced today.
The airline announced it was acquiring 26 extra-long range versions of Airbus A321neo, which will be used on North American as well as several transatlantic routes.
Air Canada will lease 20 planes from lessors such as Air Lease Corporation and AerCap, purchasing six directly from Airbus.

Banks are now dominating the risers in the UK blue chip index.

We already knew interest rates were going to continue rising, as central banks try and deal with soaring inflation.

But the hawkish comments in a speech by US Federal Reserve chair Jerome Powell have suggested the increases could come more quickly than previously expected.

“The strange shape of the US yield curve also suggests that holders of US Treasuries are far from convinced that the Fed will follow through on its threats of faster interest rate rises, and Quantitative Tightening (QT) from May onwards, should it deem them necessary. Again, yields are nowhere near the prevailing rate of inflation and are instead closely hugging the five-year, five-year forward inflation expectation of 2.3%."

UK manufacturers have reported strong growth in the three months to March, according to the latest CBI industrial trends survey.

But the balance of manufacturers expecting to increase prices rose to a survey record high, showing the worsening pressure on costs following the Ukraine conflict.

March 22 (Reuters) - The British pound strengthened to a nine-day high against the euro on Tuesday as it continues to retrace losses seen after the European Central Bank and Bank of England policy decisions in the last two weeks.

The Bank of England hiked its interest rate by 25 basis points on Thursday and signalled a slower pace of tightening, but the pound has outperformed the single currency since the decision.

With the news out today this must be over 1p

Lowlife / tiggrrr

Silver is down from a year high 26.80 to today’s 25.00, UFO share price is in the red and 0.82p

Last week’s rate hike showed the uk economy is not going into a recession, interest rates could be as high as 2% come end of 2022 boosting Lloyds profits

A Chinese airliner with 133 people on board has crashed in the southern province of Guangxi causing a fire on the mountainside, state media reported.
The Boeing 737 passenger jet flying for China Eastern has crashed in southwest China.

Oil price back up today 107.10 more headwinds for the airline

The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.
House sellers were typically asking for £354,564 for a property in March, up £5,760 on February levels in the biggest monthly price hike since 2004, according to data from property platform Rightmove.

https://www.cityam.com/uk-house-prices-surge-above-350000-as-demand-outstrips-supply/

Silver price down 24.96 this morning pulling UFO SP down

The index of UK blue-chips looks set to open 13 points lower at 7,391.73

FTSE 100 expected for a tepid start to the new trading week
The index of UK blue-chips looks set to open 13 points lower at 7,391.73, according to the spread betting firms

gazzleberry
“You really don't understand”

The pensioners have the post office to use, lloyds is just changing with the modern times all my younger work colleagues bank with starling, the next thing is what HSBC is doing opening banks in the metaverse can see this is how we all be banking in the future , Lloyd’s has got to change to complete with other banks and internet banking. Getting rid of dead wood nothing more

jamboyracing

For time timescale Hanc0ck is still 12 months away from being shovel ready, good set of results from EH will see a small spike then the big sell off and SP will drop’s back down again, until we shovel ready it’s all about the day traders pumping and dumping , just be careful

“”60 and 100 branches on notice of being axed””

Banking is all online nowadays nobody goes into banks why keep them open, plus I want bigger dividend payouts and the share price go up

The company has also given Gallego £250,000 a year to fund his living allowances across London and Madrid, where IAG's main offices are based

The boss of British Airways' parent company gave up a £900,000 bonus last year on top of a cut in his basic salary.

Luis Gallego was appointed chief executive of International Airlines Group (IAG) in September 2020 as it battled its way through the pandemic.

The sacrifice of his bonus came alongside a 10 per cent voluntary cut in his base pay to £738,000.
He took home £1.1million with other benefits. In the current year, he is due to take home his full £820,000 basic salary and will be eligible for other awards

https://www.thisismoney.co.uk/money/markets/article-10630559/Boss-British-Airways-parent-gave-900-000-bonus-year.html

Lloyds Banking Group has hatched a secret plan to turbocharge sales of its services to well-heeled, middle-class customers, The Mail on Sunday can reveal.

New boss Charlie Nunn has devised a growth strategy putting what the bank has described as its 'mass affluent' customers – typically people earning more than £75,000 – at the centre of its business.

https://www.thisismoney.co.uk/money/markets/article-10630515/Memo-reveals-Lloyds-strategy-drum-sales-middle-class.html