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Sellers Cut Prices as Summer Market Heats Up

UK house sellers are trimming asking prices to attract buyers, leading to the busiest July for agreed sales since the post-lockdown market surge of 2020, according to Rightmove. The average new asking price fell by 1.3% in August — a drop of £4,969 — bringing the...

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MPs Face Scrutiny Over Landlord Interests

The London Renters Union has called for a ban on MPs being landlords, after new data revealed that Labour has the highest number of MPs earning rental income. Analysis by The i, based on the register of members’ interests, shows that 38 Labour MPs declare over £10,000...

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Hypocritical minister resigns

Rushanara Ali, the homelessness minister, has resigned following allegations that she raised the rent on a property she owns after evicting the tenants. The controversy arose because she was a prominent supporter of the Renters' Rights Bill, which aims to prevent such...

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Household debt: Economic indicators

The House of Commons Library has released its monthly Household debt: Economic indicators. It can be seen here, and here's a summary of the latest UK economic indicators : Household Debt and Mortgage Rates: Household debt as a percentage of disposable income has...

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