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The number of mortgage approvals for house purchases fell for the fifth month in a row this January, says the Bank of England (BoE). In total, there were 39,637 agreements made in January compared to 40,540 in December 2022. The BoE says that excluding the onset of Covid-19 “and period immediately thereafter”, this
House prices in the UK rose by 9.8% in December 2022 on an annual basis, show government figures. For comparison, in November 2022, house prices rose by 10.6%. On a monthly basis in December last year, house prices fell by 0.4%. This brings the average property price in the UK to £294,329 – just over £26,000 more
The Bank of England (BoE) has upped the base rate by 50 basis points to 4%. The Monetary Policy Committee voted by a majority of 7-2 to make this increase. The members in the minority voted to keep the rate at 3.5%. Last month, the Office for National Statistics reported that inflation in the UK was 10.5% in
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,
Inflation in the UK was 10.7% in November, the latest data from the Office for National Statistics (ONS) reveals. November’s figure is down from the 11.1% reported in October. The largest downward contribution of the latest figure came from transport, particularly motor fuels, with rising prices in restaurants, cafes