MortgageWatch News Roundup
The world of finance and mortgages is always on the move, and this week is no exception. From changes to traditional landlines to record profits for airlines, there’s a lot to catch up on.
Landline Switch-Off Delayed
BT Group has announced a delay in its plans to move all customers off the Public Switched Telephone Network (PSTN) and onto digital landlines. This move is part of a larger effort to modernize the UK’s telecommunications infrastructure.
The shift to digital landlines is a significant step forward for the UK’s telecommunications infrastructure.
AI in Recruitment
In other news, HMRC is reportedly using AI to recruit staff, with some candidates not speaking to a human until their first day on the job. This innovative approach to recruitment is likely to become more common in the future.
Ryanair Soars to New Heights
Ryanair has reported another year of record profits and passenger numbers. The airline’s success is a testament to its ability to adapt to changing market conditions.
Ryanair’s success is a boon for the airline industry as a whole.
Business Flights Decrease
However, not all news is good news. Business flights to and from the UK have decreased by nearly a third since the COVID pandemic. This decline is likely to have significant implications for the airline industry and the economy as a whole.
First-Time Buyers on the Rise
On a more positive note, the number of 56-65 year olds looking to buy their first home has grown by 13% in the first quarter of this year. This trend is likely to continue as more people look to get onto the property ladder.
The increase in first-time buyers is a welcome trend in the UK housing market.
Music Magazine Closes Down
In sad news, a popular music magazine has been closed down just months after being relaunched online. This is a significant loss for music fans and journalists alike.
Virgin Trains Applies for Licence
In transportation news, Virgin Trains has applied for a licence that could see it return to running rail services on the West Coast route between London and Glasgow. This development could have significant implications for commuters and the rail industry as a whole.
Virgin Trains’ application for a licence could lead to improved rail services in the UK.
Average Salary Increases
Finally, the average salary advertised on job sites increased by 0.45% to £38,810 in April. This increase is a welcome sign of a strong economy.
The increase in average salary is a positive trend in the UK job market.
