Analysis

Oil powers reach global pact to cut production

A global pact to stem the biggest rout in oil prices for almost two decades has been all but sealed as the Opec cartel and its key allies agreed to slash production by 10 million barrels a day.

Further G20 talks also saw major producers including the US and Canada working towards their own cuts that could lop another 5 million barrels off global output.

Crude oil prices have seen devastating falls this year on a toxic combination of a supply glut, a coronavirus-triggered collapse in global demand, and a bitter price war between Saudi Arabia and Russia.

The Saudis

Read More

Eight ways to make some extra money while in coronavirus lockdown

Millions of Britons working from home are now benefiting from an extra hour or two a day that they would usually spend commuting. 

Rather than spending your spare time during lockdown trawling through social media, why not put it to good use and earn some extra cash? 

From renting out your driveway to proofreading documents, these are some of the best and easiest ways to make some extra money without stepping out of your front door. 

1. Rent out your driveway 

More people are ditching public transport for the safety of their own cars, but many are finding their office

Read More

Why a stamp duty holiday won’t rescue the property market

Estate agents are by nature an optimistic breed, but there was little evidence of sunny outlook in the Royal Institution of Chartered Surveyors’ latest miserable snapshot of the UK market. 

Its survey found almost universal pessimism over sales prospects for the next three months as the housing market falls into suspended animation thanks to the coronavirus lockdown. A clear majority of agents reckon the gloom could last a year.

No wonder, then, that RICS has called on the Chancellor, Rishi Sunak, to introduce a temporary stamp duty holiday in an attempt to get the market off to a flyer again

Read More

‘My neighbours are taking the mickey with a right of way in my garden. Can I stop them?’

Every week, The Telegraph’s Property Doctors bring expertise on renovations and DIY, interiors, buying and selling, lettings, legal issues and taxes. Send your questions to [email protected]

Legal issues

Q When we moved into our end of terrace house five years ago, it was with the knowledge a right of way crossed our back garden and down our side alley, allowing access to my immediate neighbour.  The owner was very considerate and when we viewed the house for possible purchase, the estate agent picked up a note in the porch from the neighbour which asked the owner if she could move

Read More