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UK house prices rise by 10% amid stamp duty holiday rush

UK house prices rose by 10% in the year to May, the fastest rate since before the 2008 financial crisis, as buyers scrambled to take advantage of the stamp duty holiday in some parts of the country. Data from the Office for National Statistics put the average price of a property at £254,624. The annual …

Barratt expects profit of more than £800m amid housing market boom

Barratt Developments, Britain’s biggest housebuilder, has forecast it will make more than £800m in annual pre-tax profits, as it benefits from the housing market boom and buyers’ rush to complete purchases before the end of the stamp duty holiday. The company said strong demand for new houses around the country would enable its full-year pre-tax …

More than 1m children from key worker families living in poverty, says TUC

More than a million children from households in the frontline of the fight against the coronavirus pandemic are living in poverty, according to new research published by the TUC. The study found that one in five children of key workers in England, Scotland and Wales were living below the official breadline – rising to almost …