ALTON BLUES

ALTON BLUES Alton Blues is leading digital marketing firm that promotes leading verified legal consultation firms

People from the football world and beyond are paying tribute to German legend Franz Beckenbauer.
09/01/2024

People from the football world and beyond are paying tribute to German legend Franz Beckenbauer.

In Pictures: The aid relief effort following the quakesGetting aid to the disaster-hit areas of southern Turkey and nort...
10/02/2023

In Pictures: The aid relief effort following the quakes
Getting aid to the disaster-hit areas of southern Turkey and north-western Syria is crucial as survivors are stuck without the bare essentials like water and food.

European weather: Winter heat records smashed all over continentTemperatures for January have reached an all-time high i...
04/01/2023

European weather: Winter heat records smashed all over continent

Temperatures for January have reached an all-time high in a number of nations across Europe.

National records have fallen in eight countries - and regional records in another three.

Warsaw, Poland, saw 18.9C (66F) on Sunday while Bilbao, Spain, was 25.1C - more than 10C above average.

Ukraine war: Civilians flee Kherson as Russian attacks intensify
28/12/2022

Ukraine war: Civilians flee Kherson as Russian attacks intensify

Elon Musk’s Tesla overtakes Meta to become the worst-performing valuable tech stock of 2022
28/12/2022

Elon Musk’s Tesla overtakes Meta to become the worst-performing valuable tech stock of 2022

Former Pope Benedict 'very sick' and has got worse 'in last few hours'
28/12/2022

Former Pope Benedict 'very sick' and has got worse 'in last few hours'

26/12/2022

Merry Christmas 🎄⛄⛄🎄🎄🎄🎄❤️everyone's

14/12/2022

Elon Musk

Elon Musk drops one-emoji response to CBS returning to Twitter after brief hiatusTesla CEO Elon Musk appeared to poke fu...
21/11/2022

Elon Musk drops one-emoji response to CBS returning to Twitter after brief hiatus

Tesla CEO Elon Musk appeared to poke fun at CBS Sunday afternoon for saying it was coming back to Twitter after temporarily suspending its usage on the platform over security concerns. 😀

China’s Xi attempts to claim diplomatic victory in battle for global influence after summit whirlwind
21/11/2022

China’s Xi attempts to claim diplomatic victory in battle for global influence after summit whirlwind

11-year-old beats IQ scores of Einstein, Stephen HawkingThe family had decided that Yusuf Shah would study for the Mensa...
15/11/2022

11-year-old beats IQ scores of Einstein, Stephen Hawking
The family had decided that Yusuf Shah would study for the Mensa test along with his high school preparations. The ingredients for both are almost the same

What is happening to the UK homebuying and rental markets?House prices for buyers have started to fall, while housing re...
15/11/2022

What is happening to the UK homebuying and rental markets?

House prices for buyers have started to fall, while housing rents have reached record highs

For Joe, a youth worker in his 20s, soaring rents have made living and working in London precarious.

“Our rent costs 50% of our combined wage before bills,” says Joe, who shares with his partner, a receptionist. They pay £1,450 a month for a “very small” one-bedroom flat. The couple’s tenancy agreement expired recently and they now have a casual agreement with the landlord to stay in the flat.

“If we were evicted we’d end up being unable to afford a similar property. We would have to move back in with our parents. I’d have to leave my job, as my parents live outside commuting distance,” he says.

Although rents are rising rapidly, with house prices starting to fall, the Bank of England raising interest rates to levels last seen in 2008 and Britain facing a long recession, signs increasingly suggest the housing market has peaked.

The Bank’s chief economist, Huw Pill, warned last week that there was “still more to do” to tackle soaring, double-digit inflation, despite the growing risks of a long recession. The central bank lifted its base rate by 0.75 percentage points to 3% in early November, the biggest single rise in borrowing costs since 1989. It will add about £3,000 a year to mortgage bills, on average, for households that are set to renew their mortgages. The money markets are predicting that interest rates will rise to 4.5% by May, and stay around that level for the rest of 2023, although expectations for peak rates have eased since the departure of Liz Truss and Kwasi Kwarteng. The Bank’s governor, Andrew Bailey, has suggested that the peak in rates may well be lower than that.

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