House prices fall again as mortgage costs rise
Inflation falling more slowly than was hoped has prompted lenders to spend the last week pulling their cheaper mortgage deals, writes Joel Hills.
Joel leads all business and economics coverage and provides in-depth analysis of the latest business stories on the agenda, both in the UK and around the world.
Inflation falling more slowly than was hoped has prompted lenders to spend the last week pulling their cheaper mortgage deals, writes Joel Hills.
UK inflation is starting to slow, dropping below double digits for the first time in months, but food prices remain high.
The prospect of the UK avoiding a recession is, of course, something to celebrate. The IMF’s view on the stubbornness of inflation is less welcome.