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High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.UK house prices fell by 5.3% in the year to September, with drops in price in every region of the country as rising interest rates squeeze the…
Andy Burnham, Labour mayor of Greater Manchester, says news would be ‘profoundly depressing’In a report last week the Institute for Fiscal Studies said the current parliament was likely to mark “a decisive and permanent shift to a higher-tax economy”.I…
Labour’s Stella Creasy elicits confirmation of higher charges to firms which some say risk further fuelling food inflationThe government has admitted it will cost businesses £330m each year in additional charges when new post-Brexit border controls on …
Study in the journal BMJ Public Health suggests premature deaths will rise 6.5% this yearThe cost of living crisis will probably cause thousands of premature deaths in the UK and significantly widen the wealth and health gap between the richest and poo…
Decision not to increase rates from 5.25% will be relief for many but some mortgage holders are already paying moreThe Bank of England kept interest rates on hold on Thursday – to the relief of many homeowners and would-be buyers.So what does this mean…
Decision to hold rate at 5.25% will be good news for mortgage holders and firms but reflects dramatic weakening of economic activity• Business live – latest updates• Bank keeps interest rates on hold at 5.25%The economy is slowing by more than the Bank…
Relief for mortgage holders after 14 consecutive rises as UK economy comes under growing pressureBusiness live – latest updatesJudging by state of economy, Bank is done with rate hikesMortgage holders have been offered relief after the Bank of England …
Business groups and economists fear further increases risk rise in corporate bankruptcies and unemploymentUK inflation in surprise fall to 6.7% despite rise in fuel pricesWhich UK goods and services have changed most in price?The UK’s headline inflatio…
Financial markets give more than 50% chance of cost of borrowing remaining unchanged for first time in almost two yearsAnalysis: Bank likely to ignore calls for rate rise restraintWhich UK goods and services have changed most in price?Business live – l…
Firms preparing for difficult year as ‘potent cocktail’ of difficulties takes hold, says industry lobby groupUK manufacturers are cutting their recruitment plans after being hit by a slowdown in orders as a downturn looms, a new survey shows.Britain’s …