Advertisement
UK markets closed

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • FTSE 250

    19,799.72
    +200.33 (+1.02%)
     

  • AIM

    755.74
    +6.56 (+0.88%)
     

  • GBP/EUR

    1.1623
    +0.0034 (+0.30%)
     

  • GBP/USD

    1.2430
    +0.0080 (+0.65%)
     

  • Bitcoin GBP

    53,446.41
    +340.50 (+0.64%)
     

  • CMC Crypto 200

    1,431.95
    +17.19 (+1.21%)
     

  • S&P 500

    5,060.11
    +49.51 (+0.99%)
     

  • DOW

    38,425.14
    +185.16 (+0.48%)
     

  • CRUDE OIL

    82.80
    +0.90 (+1.10%)
     

  • GOLD FUTURES

    2,335.40
    -11.00 (-0.47%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,137.65
    +276.85 (+1.55%)
     

  • CAC 40

    8,105.78
    +65.42 (+0.81%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

UK house price inflation sped up to 10% in May - ONS

Reuters
·1-min read
FILE PHOTO: Construction workers build a new house in Aylesbury

LONDON (Reuters) - British house price inflation gathered more speed in May when prices rose by 10.0% from the same month in 2020, accelerating from April's 9.6% annual gain, official data showed on Wednesday.

London continued to be the region with the lowest annual growth - up 5.2% - for the sixth consecutive month.

Britain's housing market has seen a surge in demand since the coronavirus pandemic struck as many people look for bigger properties away from city centres because they are working more from home.

A tax break for home-buyers, which is being phased out by September, has also stoked demand.

(Writing by William Schomberg, editing by David Milliken)