HOUSE prices saw the largest annual fall for 14 years in May, slipping 3.4 per cent. It is the biggest drop since July 2009, when they plunged 6.2 per cent in the wake of the banking crisis. Accord…
Brits made the most of their spending on the Coronation weekend and consecutive May bank holidaysMastercard’s Natalia Lechmanova said: “Brits have been making the most of the Coronation weekend and consecutive May bank holidays.
Diners choosing to eat out on the extra bank holiday of May 8 helped spending in restaurants climb 15.1 per cent on the day.on May 13 helped sales in that city rise 6.8 per cent. trade checks weakened overseas demand, according to the S&P Global/Cips UK Manufacturing Purchasing Managers’ Index survey.It showed a reading of 47.1 in May, down from 47.8 in April, with anything below 50 a decline.Rob Dobson, of S&P Global Market Intelligence, said: “New orders and employment are falling at increased rates.”
However he said that despite near-term conditions remaining challenging, manufacturers are still finding reasons for optimism including brighter news on the price and supply fronts.ONLINE car marketplace Auto Trader saw profits fall 2 per cent to £293.6million as listings for new motors dropped.
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House prices fall at fastest annual pace in nearly 14 years, says NationwideThe Bank of England is forecast to raise interest rates even further because of stubbornly high inflation. Read more:
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