House prices, property funds, credit cards and tax
Annual house price growth eased to 8.4 per cent in the month of June, the lowest rate in a year, according to the Halifax, the UK’s largest mortgage lender. The quarterly rate of growth was 1.2 per cent, the slowest since December 2014. Nevertheless, the average price of a house rose to another record high, at £216,823. The figures pre-date the result of the UK’s EU referendum, which many economists believe will slow house price inflation even further. Markets Shares in London have opened almost 1 per cent higher and the pound has made some modest gains – but it remains around a 31-year low. The 100 share index was up 56.39 in