US growth remains at 2.1 per cent in second quarter while jobless claims tick up September 28, 2023 The US economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market.
Heinz: Price increases help sales near £1bn as inflation battle continues September 9, 2024 Sales at the UK arm of Heinz jumped towards £1bn in 2023 despite volumes decreasing after raising its prices to combat inflation in its costs, new figures have revealed. The London-headquartered division of the US giant has reported a revenue of £967.1m for the 12 months, up from the £899.7m it achieved in 2022, according [...]
Is this the worst time ever to rent in the UK? That’s what the numbers say October 12, 2023 Rents will rise by five per cent next year because of a mismatch between rising tenant demand and falling supply
Rayner must defy her own backbenchers and build, baby, build July 31, 2024 Angela Rayner has clearly been reading City A.M.. In a statement to the House of Commons yesterday the housing secretary outlined plans to build 370,000 homes a year, in a clear victory for our Build, Baby, Build campaign. The challenge now is to realise that ambition in bricks and mortar. It is encouraging, then, that [...]
Business chiefs warn ministers not to end free workplace Covid testing June 1, 2021 Business leaders have urged UK ministers not to end a scheme that provides free workplace Covid tests. Companies have insisted that the tests are crucial to plans to fully reopen the economy later this month, according to the Financial Times (FT). Firms have been able to claim free testing kits from the government since April, [...]
Homes more affordable but borrowers stretched by rising mortgage costs August 23, 2023 The cost of a typical house is 6.7 times average earnings in Britain despite the recent slowdown in the property market, according to new figures. Mortgage lender Halifax said this is down from a record high of 7.3 times average earnings last summer, when a UK home cost an average £293,586 and the average annual [...]
Week ahead: JD Wetherspoons, BP, IAG and more train strikes May 6, 2024 The week ahead will also reveal Halifax's house price index, PMI construction figures and an interest rate decision from the Bank of England.
London house prices fall but still almost double national average according to Halifax property index March 7, 2023 London house prices have fallen by almost one per cent from January, but property in the capital still costs £240,000 more than the national average. Halifax’s latest house price index for February showed the rate of annual national growth slowed across the UK, with the average property now sitting at £285,476. In the capital however, [...]
London house prices to boom over next five years, Savills predicts March 9, 2021 London house prices are set to boom over the next five years, estate agent Savills said as it upped its UK property market forecasts for 2021. House prices in London’s mainstream market are expected to rise 12.6 per cent in the five years ended 2025, the real estate firm said. Meanwhile prime central London house [...]
UK house prices rise at fastest rate since 2014 April 21, 2021 UK house prices soared in February at the highest growth rate recorded in more than six years – but London lagged behind the rest of the country. Average house prices across the UK increased 8.6 per cent in the year to February, up from eight per cent in January. This is the highest house price [...]