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MM leader: Shock election points to unstable future

As soon as that exit poll came out at the top of election night pointing towards a Conservative majority, the shock among political pundits (and indeed the electorate) was palpable. The pollsters, who had been widely forecasting a hung parliament, had to hastily rip up their predictions. The resounding support for the Tories, as well […]

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UBS to pay £351m over forex and Libor scandals

Swiss giant UBS will pay $545m (£351m) to US authorities to settle the investigation into alleged foreign exchange benchmark rigging. In a statement released today, the bank says the fine includes a $342m Federal Reserve penalty related to forex activities. The bank has also paid a $203m penalty for breaching its Libor agreement, including a pledge not to […]

Tony Wickenden: Should Help to Buy Isa’s incentive method extend to pensions?

One of the big headline grabbers from last month’s Budget was the Help to Buy Isa. Like pension freedom, a superficially easy concept to present and understand.  Also like pension freedom, however, there is a little bit more detail to get to grips with. The most obviously available further information on the Help to Buy […]

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Has the remortgage market woken from its slumber?

The remortgage market slump showed signs of ending in March as the number of loans advanced to borrowers increased year-on-year for the first time in 11 months. According to the Council of Mortgage Lenders, there were 26,600 loans to remortgage borrowers in March, up 6 per cent on March 2014’s 25,200. This was the first […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]

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