Business

Tenants 'unfairly miss out on credit'

Tenants’ regular rent payments should be recorded on their credit score and used as proof to lenders that mortgage demands can be met, MPs are to be told. At present, mortgage applicants are unable to rely on rent payment history as proof that they would be safe to lend to when buying a home. A […]

Business

'Huge business rate rise' for small firms

Image copyright Getty Images More than 56,000 small businesses in England will face steep tax rises next year, research indicates. Business rate increases will total £152m in April, rates specialist CVS said, putting a heavier burden on firms already reeling from rising inflation. The prediction follows a drop in retail sales last month as inflation […]

Business

Is now the time to raise interest rates?

Image copyright AFP Image caption Is the economy moving fast enough to bear a rate rise? It’s been 10 years since the UK last saw interest rates rise. Back then, the iPhone had only just been unveiled, Twitter was a one-year old mystery and Instagram didn’t even exist. Hard to imagine life without these things […]

Business

BMW headquarters searched by EU investigators

Image copyright EPA Image caption EU officials inspected the Munich offices this week BMW has confirmed its head office was searched this week by European Union officials investigating an alleged cartel among five German carmakers. EU investigators are looking into allegations that BMW, Daimler, VW, Audi and Porsche colluded to limit their spending on emissions […]

Business

FTSE 100 edges closer to record high

Image copyright Getty Images The FTSE 100 was within range of a fresh record high on Friday after mining and banking stocks rose. Shortly after midday the UK’s benchmark share index was up 19.06 points at 7.542.10, but it had touched 7,560 earlier which is above the record close of 7,556.24 hit last week. Rising […]