Business
‘Welcome signs of positivity’ for the housing market – rates drop below 5pc

JEREMY Hunt’s Autumn Statement is delivering “welcome signs of positivity” for the housing market, a property association says.
The National Association of Property Buyers say the Chancellor’s recent fiscal announcement is making mortgages a more attractive option for many prospective buyers.
Spokesman Jonathan Rolande said: “A steadier hand on the tiller means mortgage rates are dropping. It seems strange that this could be happening at the same time as The Bank of England is increasing base rates, but these are strange times.
“The mortgage market spiked far higher than the BofE would have expected as the rates offered by lenders hit new highs following the botched Kwasi Kwarteng Budget. Now we are seeing more fiscal responsibility, and the markets are reacting to the fact that Britain looks like a safer home for money once again.
Mr Rolande added: “Rates, especially those fixed for two or five years, are dropping. The weekend saw rates drop below 5% for the first time since the beginning of October. The best 5 year fixed is now around 4.84% with Platform mortgages.
There is certainly an improvement in the market but we should be under no illusions that things will return to ‘normal’ any time soon. The BofE is likely to increase base rates again soon, putting more pressure on lending percentages. The market is showing a number of signs that it is slowing, with prices dropping. However, the doomsday scenario that looked possible, probable almost – where rates would hit double digits – seems to have been averted for now.
If rates hit 4% soon, in conjunction with some better value property that is hitting the market, this will be a golden time for buyers to snap up a dream home. However, fear of possible further drops in values will deter many from doing so. We shall see whether that is a wise decision or not.”
The comments come days after it was warned that homeowners face the biggest hike in mortgage interest payments ever.
Thousands with a typical outstanding home loan could seeing their monthly charges doubling next year to almost £500.
The shock rise was predicted after analysis of figures published by Treasury watchdog the Office for Budget Responsibility (OBR) and follows attempts by the Bank of England to tame soaring inflation by hiking interest rates – leading to rises in mortgage interest rates.
The Liberal Democrats, who carried out the analysis, calculate that for a typical household with an outstanding mortgage of £236,000, the hike next year would mean monthly interest payments doubling to £474 – an extra £2,851 a year.
The news will fuel fresh fears that the cost of living crisis will lead to properties being repossessed.
Last night Lib Dem Treasury spokesman Sarah Olney said: ‘Homeowners are paying the price for the Conservative Government crashing the economy.
‘The mortgage ticking time bomb has only seconds left.
‘This is simply unmanageable with the tax rises announced by the Chancellor.’
The party wants the Government to scrap a planned reduction on surcharge imposed on the banking sector, and use the money to set up an emergency mortgage protection fund to help families seeing their repayments soar.
Business
Former Haverfordwest chapel school building could be turned into flats

PLANS to convert the Sunday School building of Haverfordwest’s former Wesleyan Chapel, once the site of a regular place for preaching by John Wesley himself, to six flats have been lodged with Pembrokeshire County Council.
An application to council planners, which has no clear details about the applicant, listing Vitaly + Partners ltd as either the applicant or the agent, seeks the conversion of the Chapel Lane building.
Accompanying documents say Haverfordwest was a regular place of preaching for John Wesley, the founding father of Methodism, first visiting in 1763, with the first chapel built in 1772. By 1781 there were 60 members in the town, the largest congregation in the Pembrokeshire Circuit.
The chapel was rebuilt in 1818 and enlarged in 1835; the adjoining schoolroom built in 1874, with further chapel works in 1880-1.
The chapel closed in 1985 and the interior was stripped for use as an antiques showroom.
A heritage statement accompanying the application says: “The works on internal alternations of former school building started in 2014 after planning permission was approved. Then other records show that works has re-started in 2020. There are previous building inspector assessment notes available for more details. Since there has been numerous of owners and works started again in 2024.”
It adds: “The main factor to support proposed development is in fact it was approved few times in the past. The works already began, and the original layout and external elements are already altered.
“The building was abandoned and not maintained in any way. It did not look pretty and had a negative impact on the residents of the town. The building has had its original use adopted numerous of times to suit the needs of the particular time period and serve the town accordingly.
“The maintenance work to the building has already shown how much cleaner and more beautiful the building appearance became and it has had good impact on the residents who shared their views on social media talking positively about the renovation works on the building.”
The application will be considered by county planners at a later date.
Business
Halfords offering interviews to all staff affected by ATS closures in Wales

HALFORDS extended an offer of interviews to all members of staff affected by the closure of the ATS Euromaster branches in Brecon, Pontypridd and Llanelli
This follows ATS Euromaster’s recent announcement that 86 of its service centres are set to close.
With 639 garages nationwide, including branches in these affected towns, Halfords is one of the UK’s largest employers of automotive technicians. The company services, maintains, and repairs vehicles for 1,400,000 customers annually.
The UK is currently experiencing a shortage of qualified automotive technicians, with the Institute of the Motor Industry (IMI) estimating 20,000 vacancies in the sector.
Halfords remains committed to creating rewarding career pathways, offering opportunities for qualified technicians looking to develop new skills—such as EV servicing—as well as young people entering the industry through apprenticeships.
In addition to supporting ATS employees, Halfords is also stepping in to help customers affected by the closures, ensuring they continue to have access to trusted and competitive automotive services.
Support for ATS customers
To assist those whose bookings are impacted by ATS branch closures, Halfords garages will prioritise MOT and other service bookings originally made with ATS wherever possible, helping customers avoid delays and ensuring their vehicles remain roadworthy.
“We are pleased to be working in partnership with ATS to explore employment opportunities for affected colleagues, while also ensuring that motorists in this part of Wales continue to have access to competitive, convenient, and trusted automotive services,” said Chris Rose, Halfords. Divisional Director
Business
Fishermen upset financial impact of Castlemartin Range closures for 2025

COMMERCIAL fishermen and sea users have voiced their anger over the latest military range activity schedule for Castlemartin Range in 2025, which will see significant restrictions on access to coastal waters.
The schedule, released by the Defence Infrastructure Organisation (DIO), confirms that military exercises will take place across June, October, and November, with extended firing times drastically limiting the ability of commercial and recreational vessels to navigate the affected sea areas.
According to Huw Baker, Chair of the Freshwater East Boatmen & Fishermen’s Association, the closures will have a devastating financial impact on local inshore fishermen who rely on these waters for their livelihoods.
Mr Baker said: “None of the fishers have been contacted about these increased range activities or the sea area closures. There has been no consultation to discuss alternative access routes that would allow us to continue earning a living. The military has effectively blocked off access during prime fishing months, leaving fishermen struggling to stay financially afloat.”
Under the new schedule, the sea areas off Castlemartin will only be accessible during limited hours—between 3:00am and 8:00am, and again between 6:00pm and 8:00pm—making it near impossible for many commercial fishers to operate efficiently.
“This decision comes at a time when the cost of living is hitting everyone hard,” Mr Baker added. “With weather and tides already limiting access, these additional restrictions from Castlemartin and Manorbier firing ranges mean we’re left with barely any opportunities to work.”
Mr Baker is calling for an urgent meeting with range management to discuss the concerns of the fishing community and explore potential compromises that would allow local businesses to continue operating.
The Herald has contacted the Ministry of Defence for comment.
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