UK house prices to fall by up to 10% this year, Lloyds Bank CEO says
Publishing timestamp: 2023-01-17 04:46:05
Summary
U.K. house prices are expected to fall by up to 10% this year due to higher mortgage rates and cost of living crisis. Bank of England has hiked interest rates nine times to try to control inflation. Lloyds Bank CEO Charlie Nunn said that there is a small but important group of customers who are struggling to make ends meet, but there is still resilience in businesses, households, and individuals at higher income levels.
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Keywords: business news, switzerland, banks, politics, davos - world economic forum, breaking news: davos, world economy, lloyds banking group plc,