Summary: China's deflation could lead to cheaper import s globally, potentially benefiting the UK's consumer market. UK inflation may receive some relief from cheaper Chinese import s, but ongoing challenges persist. Sustained deflation in China might hinder UK exporters due to delayed spending and slower market growth. Global trade, consumption, and commodity prices could be significantly affected by a slowdown in China's economic growth. ...

Summary: Halifax , the UK's biggest mortgage lender, is reducing rates by up to 0.71 percentage points. HSBC and other major banks have also announced rate cuts in response to rising mortgage rates. The reduction in rates provides relief to homeowners and potential buyers, especially for fixed-rate deals. The move is influenced by expectations of Bank of England rates and inflation trends. Mortgage rates have been on the rise due to consecutive interest rate increases by the Bank of England . Recent decrease in inflation offers optimism about possible rate stabilization. Mortgage companies are aiming to attract customers by ...

Summary: UK housing prices experienced the sharpest decline in 14 years, falling by 3.8% in July. Rising mortgage rates and high interest rates are affecting potential buyers' affordability. Estate agents are witnessing an increase in sellers needing to sell for financial reasons. The Bank of England is expected to raise interest rates for the 14th consecutive time in the near future. House prices are likely to continue falling, presenting an opportunity for first-time buyers. ...

UK Inflation Falls But Still Among Highest of Major Economies Summary: UK inflation remains high, causing financial strain for millions of households. Families face rising prices for essential items, while wages lag behind. Housing costs are adding to the burden, with mortgage rates on the rise. Supermarkets face criticism for not passing on cost cuts to consumers. Government efforts to tackle the cost of living crisis face scrutiny and demand for more action. Millions of hous...

Boris Johnson nominates his Dad for knighthood Quite astonishingly, there is something at the bottom of this story that I want to discuss because it is, I don't know any way to talk about it, except to say something that rhymes with Bucketuck. Which is quite astonishingly, it's not from the WhatsApps that have been released, but this is news that came in yesterday. Boris Johnson's resignation honours lists, which contain so many unexpected recommendations for an honours taking a long time to get approved. He's nominated his own dad Stanley for a knighthood. That's him. Right. Now, this is a man whose achievements involve breaking his wife's nose, repeatedly cheating on his family, spawning a shed load of Johnson's that we could probably all do without. Being a go between for Boris with Chinese politicians that he couldn't otherwise meet and more recen...