Jeremy Hunt says the UK is ‘on a path to a lower tax economy’ but has pledged that his Autumn Statement will not include any inflationary cuts.
Read MoreHouse sales slump 17% in September as cost of living continues to bite
Estate agents and housing experts say would-be buyers are struggling to save for deposits and are worried about finances.
Read MoreMortgage approvals fall to lowest level since start of the year
Bank of England says that this was the third consecutive month that mortgage approvals have fallen while remortgaging is at its lowest since 1999.
Read MoreBig landlord warns rising rents threaten ‘heart and soul’ of property market
Latest data from the Office for National Statistics shows annual private rental prices increased by 5.4% in England, 6.5% in Wales and 6.0% in Scotland.
Read MoreREACTION: Bank of England hikes interest rate for eleventh time in a row
With this week’s rise in inflation combined with a move by the US Federal Reserve to go ahead with a 0.25% rise, the BoE had few choices.
Read MoreREACTION: UK to avoid recession this year, claims Chancellor during Budget
The UK is expected to avoid a technical recession this year according to the Office for Budget Responsibility, Chancellor Jeremy Hunt told the House of Commons this afternoon.
Read MoreNationwide: House prices fall again as squeeze on mortgages hits
House prices fell again in January from August's high as growth is stalled by a lack of cheap mortgage deals.
Read MoreMARKET: Number of house sales dropped in December but ‘still strong’
Sales dipped 3% on November but were just 1% down on the same time last year, government figures from HMRC reveal.
Read More