Britain’s economy grew more slowly on an annual basis
than all other Group of Seven countries in the final three months of last year,
after consumers were hurt by higher inflation caused by the pound’s fall after
the Brexit vote in June 2016. The housing market has also been sluggish -
especially in London and surrounding areas - and major mortgage lender
Nationwide said earlier on Thursday that prices in January rose at their
weakest annual rate since August, up 2.2 percent on a year earlier. But the BoE
said the number of mortgages approved for house purchase rose to 67,478 in
January from a one-year low of 61,692 in December. Read more on the Reuters website.
Thursday briefing: How Michael Gove’s ‘new deal’ for renters went sour
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In today’s newsletter: The renters’ reform bill was meant to address a
spiralling housing crisis, but as a watered-down version finally passes, we
look a...
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