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More than $122bn worth of houses and residential land were cash funded last yearFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastMore than a quarter of residential proper…
The rebound from the COVID-19 pandemic and energy price spike tied to Russia’s invasion of Ukraine is likely to be weak by past standards.
Mortgage market turmoil prompts record numbers of people to take out loans of more than 35 yearsHundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage deals are contin…
45 breweries, mostly smaller makers, enter insolvency in last 12 months, up from 15 the previous yearThe number of UK breweries going out of business has tripled in the past year, with smaller craft beer manufacturers most at risk as consumers opt for …
Underlying inflation dropped to 6.5% in April from 6.9% in March, reducing the chances of another Reserve Bank rate rise in JuneFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news …
Statutory caps were brought in under Heath, now the government wants a voluntary store scheme to meet Sunak’s pledge to halve inflationA cost-of-living crisis. Pressure on the government to step in to help hard-pressed consumers. Calls for supermarkets…
British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh highFood inflation in the UK fell in May, lifting hopes that the rapid increase in grocery price growth may have reached its peak after ke…
The once humble, low-cost staple more than doubles in price, putting many fish and chip shops at riskWhether it’s fried, baked or mashed, potatoes have traditionally been a low-cost staple food in the UK – but not any more.A surge in costs is clobberin…
High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of electionHunt will back more rate rises even if they lead to recessionHouseholds warned to brace for 5%-plus mortgage ratesRishi Sunak has been w…
Chancellor to support Bank of England’s decisions because ‘inflation is a source of instability’Business live: latest updatesJeremy Hunt said he will back further interest rate rises by the Bank of England, even if they risk plunging the UK into recess…