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While strikes fall to some of the lowest levels in years, mortgage arrears are on the rise, with new Bank of England figures showing the missed payments are at a decade high.

The value of mortgages with arrears rose 4.2% in the first three months of 2024 to £21.3 billion when compared to the last quarter of 2023.

It represents a 44.5% jump compared to a year earlier, marking the highest point since the period between July and September 2014.

Even though mortgage defaults remain at a historically low point, the surge highlights the pressure that 16-year-high interest rates are putting on homeowners.

https://www.proactiveinvestors.co.uk/companies/news/1049582/mortgage-arrears-hit-decade-high-as-high-interest-rates-hit-homeowners-1049582.html

June 11 (Reuters) - Britain's labour market showed more signs of cooling in April as the unemployment rate rose, an awkward development for Prime Minister Rishi Sunak ahead of the July 4 election, despite another month of strong wage growth.

Official data on Tuesday showed the jobless rate for the three months to April rose to 4.4% from 4.3% between January and March, the highest reading since the three months to September 2021, the Office for National Statistics said.

London Heathrow Airport carried a record number of passengers in the last year as demand for travel rebounded dramatically from Covid-era lows.

Some 81.5m passengers passed through the Hounslow hub in the 12 months to May, the most in its history. It followed a bumper May, in which traffic exceeded 7m for the first time ever at 7.2

https://www.cityam.com/london-heathrow-airport-breaks-annual-passenger-record-before-summer-rush/

It's looking like the US won't be cutting rates this year pushing hopes of a summer rate cut by the BoE have now been diminished and markets yesterday betting there was only a 50/50 chance that the bank would act in September, more hardship for Lloyds investors share price going sideways for longer

Asian markets tumbled overnight as concerns the US would not cut rates until later this year were felt across the globe

Sorry for delay getting back I'm with Halifax share dealing I'll look for the form for overseas investing thanks 👍

How would this affect UK shareholders delisting from the ftse and listed on American stock market what would happen to my holding

Aston Martin Aramco F1 Team (@AstonMartinF1) posted at 9:38 am on Fri, Jun 07, 2024:

Looking good as usual, @astonmartin! 😉

#CanadianGP

https://t.co/qobfScK5BN

(https://x.com/AstonMartinF1/status/1798997874010902690?t=zLBPvyTQfyVAnVapPCSrWA&s=03)

Aston Martin One-77: https://youtu.be/pxIRDibxFv4

LONDON, June 7 (Reuters) - British house prices edged down by 0.1% in May from April, mortgage lender Halifax said on Friday.

Analysts polled by Reuters had mostly expected an increase of 0.2% on the month.

Aston Martin are trending in the wrong direction for the successive season. And it seems billionaire team owner Lawrence Stroll is starting to lose his patience.

https://www.f1oversteer.com/news/aston-martin-could-make-key-personnel-change-after-contacting-former-ferrari-man/

DT

"Livestock it wasn't that long ago that you and others wanted interest rates to keep rising"

It was indeed but it seems we’re now beginning the next phase in the cycle where inflationary pressures ease and central banks move to a new playbook to help prop up a flagging economy and make life easier for consumers and businesses who have had to stomach sky high borrowing costs

Lti

"Lloyds does not need a base rate cut to thrive"

It will be the first rate cut to kick start Lloyds rally and is more likely to be in July leave it any longer and run the risk of recession next year

DT

interest rate cut from the BoE will ease the strain in household and business cost of boring financial expert are saying with out a cut in June there could be a recession next year, the sooner the better for kick starting the next Lloyds rally

Let's hope governor bailey follows this and cuts rates on 20 June

ECB cuts interest rates by 0.25%

He won't be hanging around to long I'm going 3 months

How can we string the naive investors along for longer

alien metals (@alienmetals) posted at 4:38 pm on wed, jun 05, 2024:

robert mosig, our non-exec technical director of #alienmetals sat down with ************** to discuss the company’s recent independent review of the pinderi hills project, and the plans to fast track the world class elizabeth hills #silver project.

🔊https://t.co/dch526exu9

(https://x.com/alienmetals/status/1798378837652488255?t=cudsm9ua-h97s5zwasx5aq&s=03)

Marcinkus

Third runway has been put on the back burner the aim is to get the maximum usage out of two runways, T4 has 2 of the new 3D scanners in use, it's all about the major shareholders nowadays and getting the maxim profit back to them

AML up another 6.48% today 📈