UK economy grows faster than first estimated in second quarter

Ashley Webb, economist at Capital Economics, said the data suggested the economy would expand 0.5 per cent in the third quarter. But households and businesses face higher borrowing and energy costs...

Capital Economics has only forecast two rises to 4.25pc, but this will still bring a major shock to homebuyers. The consultancy has also raised its expectations for 10-year gilt yields as borrowing...

Ashley Webb, senior economist at Capital Economics, said the modest rise “underlines the continued drag on buyers’ appetite from the previous rise in mortgage rates”. He added: “Uncertainty over...