Business

House prices rose by 0.8% in July following three flat months for the market, according to one of the UK’s biggest mortgage lenders. Halifax said the average cost of a home rose by more than £2,200 to £291,268 last month, when compared with June. The month-on-month increase was bigger than expected. Economists had forecast a
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Stock markets in Asia have dropped sharply during trading on Monday amid fears the US economy may be heading for a recession. Japan’s Nikkei 225 share index fell by as much as 10% at one point, while the market’s broader TOPIX index also fell 8%. South Korea’s KOSPI index also dropped more than 8% on
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The Post Office Horizon IT scandal may well be “the worst miscarriage of justice in recent British legal history”. Jason Beer KC, counsel to the inquiry which has been investigating the scandal, did not put it this way lightly. After four hard-fought years, senior executives reduced to tears, and countless heartbreaking stories of the damage
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The first interest rate cut since the start of the COVID pandemic is good news – but experts are warning of a hard slog back towards more comfortable borrowing cost levels. The Bank of England had raised Bank rate 14 consecutive times from December 2021 to try and keep a lid on a surge in
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Tax rises will likely be announced in the autumn budget, chancellor Rachel Reeves has admitted. She said Labour would stick to its election manifesto pledge not to raise national insurance, income tax or VAT. During the election campaign, Labour candidates avoided answering questions on whether other taxes would be increased – and the Conservatives warned
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Wizz Air has been named the worst performing airline for customer service by a leading consumer group. Which? said the low-cost carrier ranked the lowest “by far” in a poll of around 1,000 adults. Those surveyed were quizzed on how well airlines performed across eight areas of customer service, including how easy it was to
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Rachel Reeves has accused her predecessor of hiding a “£22bn funding gap” for the current financial year, announcing a series of “tough decisions” to compensate. The chancellor told MPs that the investigation she ordered into the spending plans Labour inherited following the election found a Conservative “cover-up” that “put party ahead of country”. Her statement,
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