Berkeley: Housebuilder warns of plummeting sales value amid property market volatility September 8, 2023 Berkeley has warned its value of private sales reservations has fallen 35 per cent on last year, reflecting the challenges facing the housing market. The housebuilder said the drop echoed the “elevated macroeconomic and political volatility”. It comes after house prices in August were revealed to be 4.6 per cent lower than the same month [...]
Inflation: Firms expect to hike prices at slowest rate since November 2021 September 7, 2023 Firms are expecting price and wage growth to ease over the coming months, giving rate-setters a boost in their fight against inflation.
FTSE 100 close: London markets mixed as weaker pound helps offset fears over China September 7, 2023 The FTSE 100 climbed 0.1 per cent to trade at 7,434.79 although the FTSE 250 remained in negative territory, down 0.1 per cent at 18,425.43.
Ollie Phillips: France needs Les Bleus to get party started at Rugby World Cup September 7, 2023 If I could turn back time and play more of my career in France, I would do it in a heartbeat. The country is rugby mad and you’re put on a pedestal by fans. That’s why this could be one of the great World Cups – the country is about to descend into two months [...]
House prices fall at fastest rate since 2009 – and it’s worst in London September 7, 2023 House prices are falling at their fastest annual rate since the global financial crisis, with London hit hard
Interest rates nearing peak as inflation set for ‘quite marked’ fall this year, Bailey says September 6, 2023 The Bank of England is nearing the end of its monetary tightening cycle, the Bank's governor suggested today, adding that there will be a "quite marked" fall in inflation by the end of the year.
Rachel Reeves preferred to Jeremy Hunt for Chancellor by voters, poll finds September 6, 2023 Pollsters found 21 per cent of the public opted for Reeves, versus just 14 per cent for the former health secretary.
Barratt Developments: Housebuilder blames mortgage misery for plummeting profits September 6, 2023 The number of homes the company built also declined 3.9 per cent during the term to 17,206, as a series of interest rate hikes by the Bank of England made buyers cautious.
Britain to narrowly avoid recession – but meagre growth will make it ‘feel a lot like one’ anyway September 6, 2023 Britain will narrowly avoid a recession this year – but people and businesses will still feel the pain akin to the 2008 financial crash, according to an influential business network. The UK economy is on course to eke out growth of 0.4 per cent over 2023, the British Chambers of Commerce (BCC) predicted in its [...]
Rising rates will see wealthy receive £60bn in savings windfall, analysis shows September 6, 2023 Rising interest rates will create a windfall for the wealthy, new analysis shows, with household savings accumulating tens of millions more than in recent years.