H
business
H
HOYONEWS
HomeBusinessTechnologySportPolitics
Others
  • Food
  • Culture
  • Society
Contact
Home
Business
Technology
Sport
Politics

Food

Culture

Society

Contact
Facebook page
H
HOYONEWS

Company

business
technology
sport
politics
food
culture
society

© 2025 Hoyonews™. All Rights Reserved.
Facebook page

‘Geopolitical uncertainties’ amid Iran war could slow fall in mortgage rates, says Halifax

about 20 hours ago
A picture


Halifax has warned that the US-Israel war on Iran could slow mortgage rate decreases this year, as it said that house price growth eased dramatically in February.Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – said the conflict in the Middle East was likely to affect global economies, stoke inflation and reduce the likely rate of interest rate cuts that influence borrowing costs for homebuyers.The lender said the value of a typical UK home rose 0.3% in February to £301,151.However, this is a significant dip in the rate of growth compared with the 0.

8% recorded in January that fuelled average house prices passing the £300,000 mark for the first time.“Looking ahead, geopolitical uncertainties seem set to influence the outlook for inflation and the wider economy,” said Amanda Bryden, the head of mortgages at Halifax.“Against that backdrop, markets are now anticipating a more gradual path for interest rate reductions.If realised, the speed at which borrowing costs ease may be tempered.”Analysts have significantly cut the chances that the Bank of England’s monetary policy committee will vote in favour of another downward move in the 3.

75% base rate when it meets later this month.“The conflict in the Middle East has lifted energy prices and shrunk central bank rate cut expectations,” said Mark Harris, the chief executive of the mortgage broker SPF Private Clients.“Swap rates, which underpin the pricing of fixed-rate mortgages, have edged higher amid fears that rising prices will fuel inflation.“A number of lenders have already increased their mortgage rates to reflect higher swap rates.Expectations of a near-term base rate cut, perhaps as early as this month, have substantially reduced.

”On Thursday, HSBC, Nationwide and Coventry building societies became the first big UK lenders to announce an increase in rates on their fixed mortgage deals as a result of the Middle East crisis, with brokers predicting others are likely to follow,Jeremy Leaf, a north London estate agent and a former chair of the Royal Institution of Chartered Surveyors, said: “There is no question some buyers and sellers have been pressing the pause button since war in the Middle East began,We expect that button will be pushed a little harder if it seems likely uncertainties over interest rates and inflation persist for much more than a few weeks,“Until the end of February, activity had picked up steadily, as seen in these and other housing market figures, although inevitably some of that improvement may now begin to slowly unwind,”Halifax said the annual rate of house price growth rose to 1.

3% in February, the strongest rate for four months.However, it said that while the housing market had gained some momentum after a slowdown at the end of last year, first-time buyers were still finding it difficult to get on the housing ladder.“There’s no doubt that affordability remains stretched, supply is constrained, and regional disparities persist,” Bryden said.“For those without family support, the path to home ownership feels particularly challenging.”Northern Ireland continues to show the strongest rate of house price growth in the UK, up 6.

3% over the past year, with an average home costing £218,608.Scotland recorded annual growth of 4.7%, with a typical property valued at £222,286.The average price of a property in Wales has increased by 2.4% on an annual basis to £231,637.

By contrast, property prices in the south of the UK have dipped,Across the south-east the average price of a home has fallen 2,2% annually to £383,834,While in London there has been a 1% annual dip to £538,200,
cultureSee all
A picture

Actor reaches settlement with Old Vic theatre over Kevin Spacey assault claims

An actor who alleged that he was sexually assaulted by Kevin Spacey has reached a settlement with the Old Vic theatre.Ruari Cannon, who waived his right to anonymity, was an actor at the Old Vic during Spacey’s tenure as artistic director.He claimed that Spacey assaulted him at a theatre after-party at the Savoy hotel and at the Old Vic’s theatre bar on a separate occasion. Spacey has denied the allegations.In a statement, the Old Vic said: “Ruari Cannon and the Old Vic have reached a mutually agreed out-of-court settlement, the precise terms of which are confidential

3 days ago
A picture

‘Excellence’: Smithsonian exhibit celebrates HBCUs amid attacks on Black history

At a time when museums and colleges are facing uncertainty and there is a push to limit the acknowledgment of Black history, the Smithsonian’s National Museum of African American History and Culture (NMAAHC) and its five partner historically Black colleges and universities (HBCUs) have launched a new exhibit to put Black history and Black archives at the forefront.At the Vanguard: Making and Saving History at HBCUs, on view at the NMAAHC now through 19 July, was developed as a part of the History and Culture Access Consortium (HCAC). After At the Vanguard leaves the NMAAHC, it will go on tour to each of the universities, along with other locations that request it.The exhibit, which is composed of archival materials and collections from each of the five HBCUs of the partnership – Jackson State University, Florida A&M University, Tuskegee University, Clark Atlanta University and Texas Southern University – is the culmination of years of work by the consortium. With more than 100 objects on display at the NMAAHC, the collection includes rare items, such as one of the only existing color videos of George Washington Carver, the agricultural scientist and inventor, from Tuskegee University

3 days ago
A picture

Jon Stewart on US attacks in Iran: ‘A war with no clear purpose, no end in sight’

Late-night hosts delved into the new US regime-change war in the Middle East, after Donald Trump directed the US military to bomb Iran in conjunction with Israel.Jon Stewart opened The Daily Show on Monday in a daze, after Iran state media confirmed that US and Israeli forces killed its supreme leader, Ayatollah Ali Khamenei, over the weekend. The host joked that, for the surprise occasion and chaos that followed, he needed to bring back “a 20-year recurring segment” titled “Mess O’Potamia”.“America, apparently, had to start an entire war to kill an 86-year-old man in ill health and not wait – I don’t know – three weeks to let saturated fat do its thing,” he joked.He then played a clip of Trump, wearing his USA hat, announcing the so-called “Operation Epic Fury” against Iran from his luxury golf course in Florida

3 days ago
A picture

‘My guitar was mangled – like my life!’ Goo Goo Dolls on how they made epic ballad Iris

‘I’m grateful to Taylor Swift, and others who have covered it, for introducing the song to a new generation. Three billion streams on Spotify is astonishing!’I was going through a divorce and living in a hotel in West Hollywood when my manager said Warner Brothers were seeking songs for the movie City of Angels. They already had U2, Peter Gabriel and Alanis Morissette, so I thought getting a track on there would draw attention to us. Warners showed me the film and it was like Wim Wenders’ Wings of Desire. They wanted a song for the scene where the angel – played by Nicolas Cage – decides to become human to be with the woman he loves

5 days ago
A picture

My cultural awakening: Leonardo da Vinci made me rethink surgery – I’ve since mended more than 3,000 hearts

For one heart surgeon, seeing the Renaissance artist’s anatomical drawings gave him a natural understanding of the body that was often overlooked in modern medical scienceIf you’d asked my teenage self, growing up in a small village in Shropshire, what I wanted to do with my life, I would have talked about art and music long before I spoke of scalpel blades and operating theatres. As an 18-year-old, I intended to go to art school, until my mother sat me down and told me rather bluntly that being an artist wouldn’t earn me much money. As she spoke, a surgical documentary flickered across the screen of the black-and-white television in our living room. I told her, half joking, that that was what I’d do instead. Which is how I ended up repeating my A-levels and fighting my way into medical school, where I qualified in 1975

7 days ago
A picture

The Guide #232: From documentary shock to Bafta acclaim – how the screen shaped our understanding of Tourette’s

The wildfire surrounding last week’s Bafta ceremony – where Tourette syndrome campaigner John Davidson involuntarily shouted a racial slur at actors Michael B Jordan and Delroy Lindo, and the BBC aired the moment – continues to rage. Criticisms have been levelled at, and investigations opened by, the Beeb and Bafta; hundreds of news stories and comment pieces have been devoted to the incident (if you read anything, make sure it’s this clear-eyed piece from Jason Okundaye, who was at the ceremony); and the climate on social media has been toxic, with much of the ire directed at Davidson himself. It’s an ire that is based on a complete misunderstanding of coprolalia, the form of Tourette syndrome (TS) that Davidson has, which results in the unintended and completely involuntary utterance of offensive or inappropriate remarks.There’s an unhappy irony at play here because Davidson, arguably more than any other person in Britain, has been responsible for raising awareness of TS. There’s an unfortunate symmetry, too, to the fact that the incident was shown on primetime BBC, because that was where Davidson was first brought to national attention as the subject of the landmark 1989 documentary John’s Not Mad

7 days ago
technologySee all
A picture

Trump says he fired Anthropic ‘like dogs’ as Pentagon formally blacklists AI startup

1 day ago
A picture

Retailers want ‘delightfully human’ AI to do your shopping, but will the chatbots go rogue?

1 day ago
A picture

Google Pixel 10a review: cheaper Android is great, but no real advance

2 days ago
A picture

Sam Altman admits OpenAI can’t control Pentagon’s use of AI

2 days ago
A picture

Elon Musk takes witness stand in trial over Twitter takeover

2 days ago
A picture

Joy of teaching English in the age of AI | Letter

2 days ago