The UK housing market shows signs of life with rising house prices for the first time in two years, as per the Royal Institution of Chartered Surveyors (RICS) September survey. Buyer and seller activity is picking up due to easing borrowing costs, with a positive outlook for sales growth over the coming months. However, renters face higher costs and reduced supply as buy-to-let landlords sell up in response to tax changes and new legislation, potentially impacting housing affordability and supply.
Full Article
More than 10,000 UK civil service jobs to be cut
Roula Khalaf, Editor of the FT, curates her top stories in the Unlock the Editor’s Digest, a weekly newsletter. More than 10,000 UK civil service jobs are set to be cut in a bid to achieve savings of 5 per cent across departments, with ministers considering voluntary redundancy programs. The spending review led by chancellor Rachel Reeves aims to reduce the overall civil service headcount, emphasizing productivity gains and the use of AI to streamline...
Read more