Source: Sharecast
The property market could cool rapidly in 2021, according to forecasters, as the stamp duty holiday ends and unemployment rises. Mortgage lender Halifax is expecting a fall in house prices of between 2% and 5% next year, after a 7.6% rise over the past 12 months fuelled partly by a post-lockdown surge in sales. - Guardian
Britain and Turkey have struck a deal to preserve trade links in a major relief for the UK's manufacturers and carmakers. The agreement secures preferential tariffs for the 7,600 British businesses that exported to Turkey last year, extending a previous tie-up with the European Union after the Brexit transition ends. - Telegraph
Fees for investment bankers who focus on capital markets rose sharply this year as companies raced to raise money from the debt and equity markets. Businesses in sectors such as hospitality and leisure that have been hard hit by the pandemic have raised cash to shore up their finances. - The Times
Lloyds Banking Group is being sued by a Pentecostal church over interest rates swaps tied to the discredited Libor benchmark. The dispute between the Elim Foursquare Gospel Alliance, which is a charity based in Malvern in Worcestershire, and Britain’s largest domestic lender centres on 12 swaps that the religious organisation entered into with Lloyds between 2004 and 2012. - The Times
