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August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021Business live – latest updatesUK house prices fell 5.3% in August compared with the same month last year, the fastest annual drop in 14 years, accordi…
Huw Pill says he prefers longer, more steady use of interest rates of Table Mountain model over sharp rise and fall of Matterhorn approachBusiness live – latest updatesTourist attraction, backdrop to millions of selfies and one of the world’s most easi…
Inflation and interest rates hit retailers as surging cost of living reduces discretionary spendingGet our morning and afternoon news emails, free app or daily news podcastThe pandemic splurge on household goods is over, with Australia’s biggest home r…
Roy Morgan research shows 1.5 million people – almost a third of all mortgage holders – are spending 25 to 45% of their income on their home loanFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app o…
Deal offered over three years, and money invested will help finance windfarms and tree plantingSavers who want to make a difference with their cash no longer have to sacrifice a decent return after National Savings and Investments raised the rate on it…
Experts surveyed by Reuters expect inflation to continue falling in fourth quarterBusiness live – latest updatesUK interest rates will peak at 5.5% next month as Bank of England policymakers try to minimise the impact of higher borrowing costs on the U…
Poor performance in services industry and manufacturing is mirrored in eurozone Britain’s policymakers have been put on recession alert after a closely watched measure of economic health showed the UK gripped by a Europe-wide slump in private sector ac…
Lower energy costs behind drop in annual rate in July, as wage increases finally overtake price risesWhich UK goods and services have changed most in price?Analysis: Bank may be forced to deploy its only weapon againBusiness live – latest updatesThe UK…
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Further tough decisions will be needed while the Kremlin continues to spend large sums on its Ukraine invasionProtracted wars are costly and cause economic damage. Ancient Rome discovered that, as did the US in the 1960s when the conflict in Vietnam wa…