Rachel Reeves
Marginal rise in UK mortgage approvals amid speculation Reeves to target property taxes in budget
British lenders approved nearly 66,000 mortgages in September, the highest level since December last year, according to new data from the Bank of England that contrasts with signs of caution in the housing market ahead of Rachel Reeves’ autumn budget. The Bank of England’s Money and Credit report showed mortgage approvals for home purchases rose…
The UK faces a $26.8 billion shortfall in public finances due to productivity cuts, the Financial Times reports.
LONDON (Reuters) – Britain’s budget watchdog is expected to cut a key productivity growth forecast by 0.3 percentage points more than expected, the Financial Times reported, signaling increased pressure on the government ahead of next month’s budget. The Financial Times report, which cited people familiar with the matter, added on Monday that analysts believe the…