Buying a house is becoming more 'affordable' as wages outpace prices

UK business output fell for the first time in over a year, as the tax increases announced in last month’s budget hit companies. Data firm S&P Global said UK firms are giving “a clear thumbs down” to the measures in Rachel Reeves’s first budget, including increases in employers’ national insurance contributions. Businesses reported falling output for the first time in 13 months while employment has been cut for the second consecutive months. Its flash UK PMI Composite Output Index, which tracks activity across the UK economy, has dropped to a 13-month low of 49.9, down from October’s 51.8. Anything below 50 is seen […]