Surge in UK company insolvencies
Registered company insolvencies experience a 21% increase.
Bank rate remains unchanged at 5.25%
BoE MPC vote to maintain current rate by 6-3.
UK wage growth slows, job market stalls
Despite slowdown, wage growth still outpaces inflation.
UK economy contracts more than anticipated in October
Higher interest rates and severe weather blamed for economic downturn.
House prices expected to dip by 1% in 2024
Rightmove advises sellers to be mindful of pricing strategies.