2008

‘Least affordable’ areas mainly in London commuter belt, UK Finance finds, with Iran war not yet reflected in dataBusiness live – latest updatesUK homebuyers are facing the worst mortgage affordability pressures for almost two decades, although the “pain” is not being felt equally across the country, according to industry data.The banking body UK Finance said that at a nationwide level, initial mortgage repayments were typically swallowing up more than a fifth (21.3%) of a homebuyer’s gross income – the highest level since 2008. Continue reading...

Ministers hope tobacco and vapes bill, which will become law next week, will create a ‘smoke-free generation’A bill banning anyone born after 2008 from buying tobacco in the UK has completed its progress through parliament in a move that ministers hope will create a “smoke-free generation”.Under the tobacco and vapes bill anyone born on or after 1 January 2009 will never be able to be legally sold tobacco across the UK, in an effort to save lives and reduce the burden on the NHS. Continue reading...

Government allocated 0.43% of national income to aid in 2025, with total spend down £1bn on previous yearThe UK government’s spending on foreign aid has hit its lowest level in nearly two decades, figures show, as humanitarian experts warn the cuts are costing lives.Provisional data shows the government allocated 0.43% of national income to official development assistance (ODA) in 2025, a decrease from 0.5% in 2024 and matching the level in 2008. Continue reading...

Former government adviser Polly Billington urges bigger steps to shield people in UK from effects of Iran warMiddle East crisis – live updatesKeir Starmer should convene a global energy summit of the same order as Gordon Brown’s response to the 2008 financial crisis and put Britain on a “war footing” to reduce its exposure to fossil fuels, a Labour MP and former government adviser has said.Polly Billington, who was an aide in Brown’s government, warned that economic pain was “hurtling down the tracks” and a bigger response was needed to protect the British people from the consequences of the US-Israeli war on Iran. Continue reading...