Train/plane bailout?

The 1-minute read to get the money news you need with expert adviser commentary.

Eurostar and EasyJet need help

Trains and planes have been running on empty since the world cancelled all its travel plans. Now, Eurostar and EasyJet have separately asked the government for help. The budget airline says it expects to lose over £800 million this year, its first ever loss, while the high-speed London to Paris line is operating a fraction of its services.

Mortgage rates rise

Lenders are charging higher interest rates on mortgages*, as demand from homebuyers grows. Halifax, Nationwide, and NatWest have all upped their rates - with the biggest increases on 80% and 85% mortgages.

Some rents rise

People are renting more homes in affluent areas, while flats lie empty in less well-off neighbourhoods. That’s according to property firm Hamptons International, which suggested it might be because tenants aren’t in a financial position to be able to sign a new lease. It also found that rents are going up - except in London, where they’ve dropped by 14%.

New lockdown rules loom

Later today, we’ll get an update on new local lockdowns. The restrictions will use a 3 tier system, with tighter rules in higher-risk areas. Liverpool is expected to be on the highest alert level and to face a strict local lockdown.