Key statistics Summer Sense The race to be the UK’s next Prime Minister is hotting up, while there are signs that the economic pressures are starting to impact the housing market. With the economy a key battleground, is Rishi Sunak or Liz Truss set to enter the door of Number 10 in just a month’s time, and where will housing feature in the forthcoming political agenda? Economic Election After a turbulent month in British politics the race is on to find the UK’s next Prime Minister. As inflation continues to edge upwards, public sector pay negotiations make the headlines and the war in Ukraine continues, the economic response of the UK’s next Prime Minister matters. Although the UK economy grew by 0.5% in the year to May, now estimated to be 1.7% above its pre-pandemic level (ONS), the IMF report the global economy has shrunk for the first time since 2020. In response it has downgraded expectations for economic growth in 2023, predictin...
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