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.
England’s housing courts at breaking point as renters battle no-fault
evictions
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Courts said to be ‘overloaded’ as landlords sell properties and tenants
with nowhere to go try to delay evictions
It is a Wednesday afternoon at Stratfor...
2 weeks ago
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