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The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

Glasgow house prices see biggest drop in more than two years

House prices across the UK - including the likes of Glasgow and Edinburgh - have seen the biggest decrease since June 2020 and comes as the annual rate of growth is expected to fall sharply as we enter 2023.

Glasgow Live

Bid to make key robodebt documents public blocked – as it happened

This blog is now closed

The Guardian - AU

All eyes on last cash rate call for 2022

The Reserve Bank board will meet for its December cash rate decision next week and Australia's economic growth for the third quarter will be revealed.

AAP

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read the most diverse news in one place.

The Tories know the game is up, even if the City of London doesn’t

With faith in Labour economic policies on the rise, and staunch voters losing faith, the next election will not be another 1992

The Guardian - UK

Brexit has fuelled surge in UK food prices, says Bank of England policymaker

Britons need to be kept aware of the cost of leaving the EU, says Swati Dhingra

The Guardian - UK

DWP money changes in December including £300 cost of living payment and Christmas bonus

The financial changes happening in December

Liverpool Echo

When is the next UK interest rate announcement and will they go down in 2024?

Interest rate announcements affect millions of homeowners with variable-rate mortgages

Evening Standard

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What are the dates of additional benefit payments in December?

Help is out there for those on low incomes struggling with rising prices and high bills

The Independent UK

FTSE 100 Live: US jobs market data in focus after sterling’s rally

A largely positive week for London shares and the pound is ending with the focus on developments in the US economy.

Evening Standard

Every payment to help with the cost of living crisis due in December

Help is out there for those on low incomes struggling with rising prices and high bills

The Independent UK

Every payment to help with the cost of living crisis due in December

Help is out there for those on low incomes struggling with rising prices and high bills

The Independent UK

Average long-term US mortgage rates dip third week in a row

The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago

The Independent UK

Don't bank on rates present for Christmas

Mortgage holders are likely to get slugged with at least one more interest rate rise, with the central bank about to make its final cash rate call for 2022.

AAP

Are big banks short-changing consumers by failing to reduce mortgage costs?

UK high street banks are accused of not passing on benefits of money market movements to savers and borrowers

The Guardian - UK

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Edinburgh Live

House prices in Edinburgh see biggest drop in more than two years

According to Nationwide's November House Price Index, there was a month-on-month drop, with annual house prices across the country slowing throughout November and October.

Evening Standard

Londoners now spend 75 per cent of their income on their mortgage

The proportion of income currently spent on mortgages is well above the previous peak seen in the run-up to the 2008 financial crisis.

Evening Standard

House prices drop at fastest rate since pandemic after mini-Budget chaos

Brokers Mortgage Advice Bureau say “extreme market conditions” sent mortgage activity down 50%

Daily Mirror

House prices see biggest drop in two years as growth slows after Mini Budget

Nationwide has released its latest house price index, which showed the average house price fell by 1.4% month on month in November – the biggest drop since June 2020

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news in one place.

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The Guardian - UK

UK house prices fall at fastest pace since 2020 amid fallout from mini-budget

Nationwide warns inflation and rising interest rates will weigh down housing market

The Independent UK

UK house prices see biggest monthly fall in more than two years as growth slows

Soaring household bills and higher mortgage rates following the disastrous mini-Budget in September have impacted the property market

The Guardian - UK

UK house prices fall at fastest rate in two years; factories suffer ‘lethal cocktail’ – business live

Average UK house prices fell 1.4% in November, as “the fallout from the mini-budget continued to impact the market,” says Nationwide

The Guardian - AU

Inflation may now have peaked. The RBA must tread carefully

The next worry for Philip Lowe is he’ll have to apologise for raising interest rates longer than needed

Bangkok Post

Europe stocks, euro rise on elevated eurozone inflation

LONDON - European equities and the euro rose Wednesday as eurozone inflation slowed but remained elevated on high energy costs.

Evening Standard

The Leader podcast: Mini-Budget ‘moneybomb’ fallout revealed

Bank of England mortgage debt data reveals impact of Truss premiership

Liverpool Echo

Number of mortgage approvals for house purchase falls to lowest level in two years

The number of mortgages approved in October 2022 was the lowest since the pandemic

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