UK rents soar as high interest rates hit property market – business live

Rolling coverage of the latest economic and financial news

• Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’

Some early key points from the Liz Truss speech (full coverage here).

It’s almost a year since Liz Truss’s government crashed the bond market, and the pound, with the ill-planned mini budget.

“I believe that the reason for the problems we have is the 25 years of economic consensus that have led us to this period of stagnation

“And I believe it is vital that we understand that and shatter that economic consensus, if we are to avoid worse problems in the future.”

Continue reading at Guardian »