Research indicates that while average house prices continue to outpace earnings in the UK, some areas are becoming more affordable for homebuyers due to slower house price growth and higher wages, with Scotland and North England offering the most affordable options. Conversely, London and southern England remain the least affordable regions, although the gap is narrowing, with improvements in affordability seen in the South East, South West, and East of England. Overall, affordability will be a key factor influencing house price growth in the UK, with some areas offering better value for money than others, especially for those seeking to buy outside of London.
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Japan’s $250bn stimulus plan seeks to encourage more work and spending
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter highlighting Prime Minister Shigeru Ishiba's $250bn economic stimulus package in Japan, aimed at addressing rising prices and adjusting to inflation. The package includes a significant rise in the minimum salary threshold for income tax, a key initiative of the Democratic People’s Party, reflecting the fragility of Ishiba’s government. Analysts anticipate a BoJ interest rate hike in December amidst concerns over fiscal...
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