Rolling coverage of the latest economic and financial news, including the latest UK inflation reportFirst UK inflation increase of year forecast in setback for Bank of EnglandA rise in inflation to 2.3% shouldn’t create...
Read MoreRolling coverage of the latest economic and financial news, including the first cut in UK interest rates since 2020Bank of England cuts interest rates to 5% in first reduction since March 2020The pound is weakening as traders...
Read MoreRightmove says demand from buyers up 5% with caution detected only among would-be sellers at top of marketThe average asking price for a UK home remained near its record high in June, with the housing market maintaining its...
Read MoreAverage price of a home dipped by 0.1%, says Halifax, bringing cost of typical property down to £288,688Business live – latest updatesUK house prices held steady in May underpinned by rising wages and an increase in...
Read MoreKemble Water missed an interest payment, raising the prospect that the company could collapse or face a significant restructureHere’s our full story on UK house prices falling in March:Our other stories today: Continue...
Read MoreComparing actual economic growth across UK cities with pre-2010 trends shows Aberdeen £45,000 poorer, with Burnley next at £28,000People in Aberdeen are a total of £45,000 worse off since 2010 after suffering...
Read MoreScheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10Ministers could be at risk of fuelling a fresh house-price bubble, according to industry experts who have warned about a...
Read MoreFears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts‘It’s a bloodbath’: UK homeowners on variable mortgagesThe Bank of England is poised...
Read MorePrime minister says no new support available for households struggling to pay loans Business live – latest updatesRishi Sunak has ruled out extra help for homeowners struggling to pay soaring mortgage costs, as the average...
Read MorePM says no new support available for households struggling to pay loansRishi Sunak has ruled out extra help for homeowners struggling to pay soaring mortgage costs.The prime minister said that the government should “stick...
Read MoreLabour leader accuses Conservative government of killing the dream of home ownershipHouse prices need to fall in relation to people’s incomes, Keir Starmer has said, in a sign the Labour leader is willing to take on the...
Read MoreAverage monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowingHomeowners in the UK are nearly £500 better off a year than renters, according to new research from Halifax.The...
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