Author: News Desk

Company warns that next 12 months will be tougher, with economy likely to go into recession The UK housebuilder Bellway has said demand for houses has moderated since the summer and it expects the number of sales to be roughly flat over the next year against a backdrop of rising interest rates and a deteriorating economy. The company completed a record 11,198 homes in the year to 31 July, up 10.5% on the previous year, as a booming housing market drove £3.5bn of revenues, up 13% and also a record. Continue reading… ​Company warns that next 12 months will be…

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UK defence minister says government still plans to spend 3% of GDP on defence by 2030 UK politics live – latest news updates The UK’s armed forces minister, James Heappey, has suggested he would resign if the prime minister did not fulfil her leadership promise to raise defence spending, after the new chancellor, Jeremy Hunt, said no department would be immune to cuts. Hunt said the full reversal of Liz Truss’s economic plans meant “decisions of eye-watering difficulty”, and suggested nothing was off the table, including defence and health spending and the pensions triple-lock. Continue reading… ​UK defence minister says…

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