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More than 36% of properties have had asking price cut at least once — the highest figure since 2011UK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this s…
Insolvency Service reports 19% rise from August 2022’s figures as firms fight high interest rates and falling salesBusiness live – latest updatesThe number of companies going bust jumped by almost a fifth in August compared with a year earlier as the t…
Weak consumer spending as, people – especially in Germany, the EU’s largest economy – put more into savingsECB raises interest rates to highest level since euro launchedInterest rates went up again across the eurozone on Thursday – probably for the las…
Brokers say borrower confidence likely to lift after the first below 5% deal surfaces since June with more offers likely soonA fixed-rate mortgage priced at below 5% has gone on sale for the first time since June as leading lenders announced a fresh wa…
Central bank’s president hints this may be the peak for rates in drive to bring down stubborn inflationThe European Central Bank has raised interest rates to the highest level since the launch of the euro to tackle stubbornly high inflation, despite fe…
Manufacturing, services and construction sectors contract for first time since summer of 2022Business live – latest updatesThe UK economy shrank in July by 0.5% amid industrial action and extremely wet weather, official figures indicate, heightening fe…
Jump in borrowers unable to make payments with landlords particularly hit and ‘worse to come’ Analysis: will the Bank listen to business and halt rate rises?Mortgage arrears jumped by 13% in the second quarter of the year to the highest level since 201…
Soaring pay growth puts pressure on the Bank to act again, but a slowing economy could tip into recessionUK pay rises at record rate despite growth in unemploymentBusiness live: latest updatesThe time to stop raising interest rates is now, say business…
Figures will add to Bank of England’s dilemma over whether to increase interest rates again next weekBusiness live latest updatesPay packets are rising at a record rate despite rising unemployment and a marked cooling of the UK’s labour market, the lat…
Rating agency report amid local government crisis lists 20 most indebted authorities relative to sizeMore English councils are expected to fail owing billions of pounds in debts, a leading credit rating agency has warned, amid an escalating crisis for …