The UK inflation rate fell more than expected in September after hitting a six-month high in August. The Office for National Statistics said the fall to 2.4%, down from 2.7%, was largely driven by lower prices for food and non-alcoholic drinks. The Consumer Prices Index figure surprised economists who had been expecting inflation to fall […]
The £50 note will not be scrapped and will instead get a plastic redesign, the Bank of England has said. Fears that the largest denomination was widely used by criminals and rarely for ordinary purchases had prompted a proposal to abolish it. But ministers said the new version, to be printed in the UK, would […]
House prices are rising the fastest in the East Midlands, increasing by 6.5% in the year to August, according to official statistics. Wales also showed a significant rise – up by 6.2% over the same period, according to the Office for National Statistics (ONS). However, a “sustained slowdown” in the south and east of England […]
Millions of householders in England and Wales could be forced to have water meters installed if a group of MPs gets its way. Members of the Environment, Food and Rural Affairs Committee (EFRA) say that all water companies should be allowed to introduce compulsory metering. They say that the idea is to help save water. […]
Young people in the UK are losing the savings habit – with more than half of 22 to 29-year-olds living with no savings at all, official figures show. Some 53% of this age group have nothing in a savings account or Individual Savings Account (Isa), the Office for National Statistics (ONS) said. The squeeze on […]
Fewer homes have been on the market in 2018 than in any year of the past decade, the UK’s biggest mortgage lender has said. The Halifax said house-hunters have been left with relatively little choice, which means that prices have still risen as a result. House prices rose by 2.5% in the year to the end […]
Fuel duty is to be frozen for the ninth year in a row, the prime minister is to announce – saying the government is “on the side of “hard-working families”. Mrs May will tell the Conservative conference: “They are the people for whom this party must deliver.” A car is a necessity “not a luxury” […]
Europe thrashed the United States 17½-10½ to regain the Ryder Cup – prompting wild celebrations, tears, and one player dressing as a pillar box at Le Golf National in France. Open champion Francesco Molinari beat Phil Mickelson to get Europe to the 14½-point winning mark, simultaneously becoming the first European to win five points in […]
Foreign property buyers will face an extra tax with the money raised being spent on tackling rough sleeping, Prime Minister Theresa May has said. She said foreign buyers could face a surcharge of 1% or 3% on top of stamp duty to stop them driving up UK prices. Rough sleeping has been rising for the […]
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