Economic News
UK households' incomes squeezed to 1990s recession levels
Households in the UK have seen their incomes squeezed more in recent years than during the 1990s recession, reported the Resolution Foundation on Wednesday.
Generation rent faces housing crisis when they retire
Thousands of people in the UK could be facing homelessness when they retire due to the rising costs of renting and the lack of affordable housing.
House prices in London fall at fastest rate for a decade
House prices fell sharply in London to a near-10 year low in May, as Brexit jitters weighed on the capital’s housing market.
WTO rules against US in pre-trade war dispute with China
The World Trade Organization said some US tariffs on Chinese goods do not comply with its rules and that it will authorise retaliatory sanctions.
UK inflation holds steady in June
UK inflation held steady in June, as falls in the cost of petrol and energy were offset by clothing and food, official data showed on Wednesday.