Bitesized Blighty: April 1, 2016
There were tensions in parliament this week as the Indian owner of one of Britain’s biggest steel companies, with thousands of Britains employed, looked to sell. Tata steel invested £3bn into its operations but has been losing approximately £1mn a day, which has prompted the sale; however, it sparked concerns across the house as Jeremy Corbyn, the leader of the Labour party, petitioned to have parliament called together in favour of nationalisation – something not favoured by the prime minister.
A British man hit the news this week after posing for a photograph with the Egypt Air hijacker. Ben Innes, who was one of the few passengers held hostage by the hijacker, said that he tries to make “the best out of every situation I am in,” and decided that if he was going to die, he may as well have a bit of a laugh. Everyone was ok in the end but you’ve gotta love his spirit!
This week, research showed that in February, the UK’s two and three-year fixed rate mortgages fell to record lows, with borrowers accessing the largest number of products since 2008. Good news for any prospective home buyer in London!