Around 800,000 UK households will see their mortgage rates increase by more than 100% this year as they come off low fixed-rate deals, adding to the financial pressure on many families.
In China, businesses are investing heavily in virtual employees for a variety of purposes, ranging from customer service to the entertainment industry. Baidu, a tech company, reported that the number of virtual people projects they have completed for customers has increased by 100% since the previous year. Prices for these projects range from a low of $2,800 to a high of $14,300 annually.
A report by broker Savills Plc indicates that UK buy-to-let investors are likely to be among the most affected by the rapid change in Britain’s home loan affordability.