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UNBELIEVABLE: 2 | History Defined

Housebuilding slump drags construction sector into decline

Higher mortgage rates are taking their toll across the sector

Manchester Evening News

London house prices to ‘fall 10 per cent by autumn’ as interest rate rises send mortgage payments soaring

London buyers will be particularly vulnerable to a slump as interest rate rises on large loans push up mortgage payments

Evening Standard

Mortgage approvals to home-buyers increase for first time in six months

Some 43,500 mortgages were approved for house purchase in February, up from 39,600 in January, according to Bank of England figures.

The Independent UK

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UK ‘not out of the woods yet’ after economy dodges recession by a whisker; Russia cuts oil output – as it happened

Latest GDP report shows that UK economy flatlined in final quarter of last year, while Russia is to cut oil production over Western price caps

The Guardian - UK

Worst of cost of living crisis may now be over as fuel price fall

Inflation last month is set to be lower than it was in November after reaching a 41-year high in October

Wales Online

UK credit card borrowing soars to highest monthly level since 2004

Concerns mount over cost of living crisis as November figures show additional £1.2bn borrowing on cards

The Guardian - UK

2023 set to be 'year of recession', expert says

The cost of living crisis wrought havoc in 2022, but 2023 is not expected to be much better

Wales Online

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How Britain’s economic woes stack up against Europe’s – a close look at the figures

The UK’s money troubles spread from inflation and higher interest rates to sluggish productivity. But how do we compare with our European neighbours?

The Guardian - UK

Mini-Budget U-turns mean interest rates may NOT rise as much as feared, say experts

The new Chancellor Jeremy Hunt this morning announced he will scrap major policies planned by his predecessor Kwasi Kwarteng, in an attempt to calm rattled markets

Daily Mirror

Pound hits two-week high as chancellor ‘brings forward debt plan and forecast’

Kwasi Kwarteng promises to release the highly anticipated financial statement ‘shortly’

The Independent UK

Jump in mortgage approvals in August is ‘calm before the storm’

Experts said the surge in loan approvals is likely to reflect people trying to lock into mortgage deals amid expectations of rising interest rates.

The Independent UK

UK borrows almost twice as much as expected in August

Figure of £11.8bn comes as high inflation drives interest payments to a record for the month

The Guardian - UK

Biggest interest rate hike since 2008 crash expected in bid to control inflation

MARKETS believe the Bank of England will unveil the biggest hike in interest rates for over three decades when its decision makers gather for a…

The National (Scotland)

UK inflation dips slightly in August to 9.9%

Inflation in the United Kingdom slowed slightly in August as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease

The Independent UK

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Wales Online

Inflation set to remain static for first time in a year thanks to drop in fuel prices

The cost of petrol and diesel has fallen from record highs

The Guardian - UK

Number of people in UK with long-term sickness rose to record 2.5m in July

Almost 400,000 have exited jobs market with long-term health problems since early 2020, ONS says

The Guardian - UK

UK factory output slumps at fastest rate since May 2020

Analysts say manufacturing recession has begun as new orders fall amid soaring inflation and economic uncertainty

Wales Online

Inflation hits new 40-year-high soaring into double figures

The level is higher than forecast with experts thinking it would stay below 10%

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The Independent UK

Inflation soars to highest rate in four decades as cost of living crisis bites

Inflation is expected to peak later this year at 13.3 per cent, the Bank of England forecasts

Wales Online

Biggest cost of living increase in decades expected with latest inflation figures

Inflation is expected to peak later this year at 13.3% and will push the UK into a recession, according to the Bank of England

The Independent UK

Biggest jump in cost of living in decades expected with latest inflation figures

Consumer Prices Index inflation will likely reach 9.8%, according to an average of analysts’ estimates.

Manchester Evening News

More unemployment next year than in pandemic, experts predict, as inflation set to top 13 percent this year

The latest figures out today show a 0.1 percent rise in unemployment over the last three months - but it's a sign of things to come

The Guardian - UK

Like Thatcher, Truss wants radical change – but could she avoid a crisis?

Whether she or Rishi Sunak becomes prime minister, challenge looks as daunting as it did for James Callaghan in 1976

The Guardian - UK

We partied for June’s jubilee, but a winter recession won’t be an easy ride

Data on jobs, prices and sales this week will add to the gloom, but might an inflation-led return to work take the edge off?

The Guardian - UK

If recession hits the UK, a base rate rise is the last thing we need

This week’s decision on interest rates will be fraught, but many think Britain is heading the same way as the US

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