Inflation in the UK remained unchanged during November, sticking at a six-month high of 2.7 per cent despite expectations that it would dip to 2.6 per cent.
Motorists can breathe a sigh of relief as the government’s planned 3p increase in fuel duty has been scrapped, according to today’s Autumn Statement from Chancellor George Osborne.
Monthly property asking prices fell by 2.6 per cent in November, according to property website Rightmove, taking the average asking price to £236,761.
The UK inflation rate rose to 2.7 per cent in October, up from 2.2 per cent in the previous month.
House prices rose by just 0.1 per cent in October, but this is the first monthly increase since May, according to data from LSL Property Services and Acadametrics.
More than 100,000 households above the age of 65 are still paying off their mortgages, according to research by equity release lender more 2 life.
House prices remained fairly stagnant in September, falling by an average of 0.4 per cent, according to Nationwide’s latest house price index.
This follows August’s record rise of 1.1 per cent – the largest increase since January 2010.
Women are increasingly taking the lead when it comes to managing family finances in the UK.
Savings levels are increasing in Britain as figures show we now save 7.17 per cent of our incomes a month, an average of £90.
The cost of renting hit a record high of £734 a month in August after five consecutive months of rises.