UK house prices last month saw their biggest annual decline since November 2012, in the latest sign of the lasting pain that the ill-fated “mini” budget conceived by former Prime Minister Liz Truss inflicted on Britain’s property market. The average price of a house fell 1.1% to £257,406 in February compared with a year earlier, lender Nationwide said Wednesday.
Data published by the Bank of England Wednesday showed that mortgage approvals fell for the fifth consecutive month in January to their lowest level in more than two years. “Inflation has continued to outpace wage growth, and mortgage rates remain significantly higher than the lows recorded in 2021,” said Gardner at Nationwide. “Even though consumer sentiment has improved in recent months, it is still languishing at levels prevailing during the depths of the financial crisis.
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But Biden said he rescued the economy? Did he lie?
Lol
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