Bitesized Blighty: September 29, 2017

Immy Ransom,  Ligia Vela-Reid

  • Theresa May was urged to halt Universal Credit rollout amid concerns about the impact on claimants. According to the government, the system, which merges six existing benefits into one, offers extra support and that budgeting and financial help was available. In order to get the implementation completely right, they aim to pause the rollout to ensure individuals aren’t ending up in dire circumstances.
  • EU Commission President Jean-Claude Juncker agreed progress had been made on talks between the EU and the UK this week. He said, that only if a “miracles happens” the EU would agree to the open trade talks the UK wants. There continues to be a lot of work to be done.
  • London house prices have fallen for the first time in eight years, dropping 0.6% year-on-year in September. According to the Nationwide measure, that is the slowest rate of increase since June 2013. The building society said that London was the weakest performing region in the UK for the first time since 2005. It might be time to buy! 

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