Spring asking price surge

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Asking price jump

Rightmove has reported that asking prices jumped by 2.1% in April 2021. The surge is being attributed to several factors; banks now offering mortgages that cover 95% of a purchase price, an extended stamp duty holiday, and a shortage of properties.

Crypto crackdown

Days after reaching a record high, Bitcoin prices slid by 15% on Sunday - the biggest drop for two months. Reports linked the drop to speculation that the US Treasury will crack down on money laundering via digital assets.

Bank backs breakaway league

Six English football teams announced plans to join a breakaway European Super League. JP Morgan has backed the new venture with $6bn, which is set to be joined by the likes of Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham.

Just what the doctor ordered

A pilot scheme in London will see GPs prescribing financial advice to help people with long-term health conditions. Patients will be helped to paydown debts, obtain grants, and claim benefits. The chief executive of one of the groups behind this initiative explained that “debt, money worries, and financial insecurity can have a profound effect on our physical and mental health”.