Insight to the UK property market will show us where the welsh market is leading. Click more to read the full article.

 

Economy

• Bank of England base rates were raised to 5.25% in August, the 14th increase in a row, to curb inflation. The Bank expects inflation to slow to 5% by the end of the year.

• The UK economy grew by 0.5% in June, following a GDP fall of 0.1% in May and a growth of 0.2% in April, taking the overall growth to 0.2% for Q2.

• Inflation fell to 6.8% in July, down 7.9% from June, its lowest since February 2022. Core inflation remained unchanged at 6.9% (ONS).