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Nationwide Building Society reveals increased profits for the year to April but a reduction in mortgage lending. Underlying profit increased to £2,233m (2022: £1,604m) and statutory profit increased to £2.23bn (2022: £1.58bn) driven by income growth Rising interest rates supported growth in total underlying income to
Inflation in the UK was 10.5% in December, the latest data from the Office for National Statistics (ONS) reveals. December’s figure is slightly down from the 10.7% reported in November and represents the second consecutive monthly fall. The largest downward contribution of the latest figure came from transport,
Housing supply increased by 232,820 in England in 2021 to 2022, up 10% on the years 2020 to 2021, according to the latest government figures. Net additional dwellings in 2021 to 2022 are 4% below their 2019 to 2020 peak and are 87% above their 2012 to 2013 trough. The 232,820 net additional dwellings represents a