Joel Hills(@ITVJoel) 's Twitter Profileg
Joel Hills

@ITVJoel

Business and Economics Editor, ITV News

ID:56706849

linkhttp://www.itv.com/joelhills calendar_today14-07-2009 14:26:22

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In which the PM says “debt is falling” - thereby delivering on a pledge he made in January.

Ben Zaranko: “It’s not accurate to say that debt is falling. Public sector debt is rising in cash terms, real terms, and (most importantly) as a % of national income.” (Via Bloomberg)

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The housing market seems to have steadied. Both Halifax and Nationwide now say prices rose in October.

Spare a thought for first-time buyers who were hoping affordability might improve.

Well over 50% of median full-time salary is now required to service typical new mortgage.

The housing market seems to have steadied. Both Halifax and Nationwide now say prices rose in October. Spare a thought for first-time buyers who were hoping affordability might improve. Well over 50% of median full-time salary is now required to service typical new mortgage.
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Ben Zaranko(@BenZaranko) 's Twitter Profile Photo

Massively important, this: UK companies are no more profitable now than they were pre-pandemic. There is no convincing evidence of a ‘greedflation’ story in the UK.

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Pay growth is strong but the more you earn the more you pay in tax.

Rishi Sunak froze the tax thresholds in 2021. Institute for Fiscal Studies thinks this stealth tax will raising ÂŁ52 billion a year by 2027 but it warns that cutting taxes now risks stoking inflation.

itv.com/news/2023-10-1…

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