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Reeves Faces Backlash Over Budget

Chancellor Rachel Reeves' recent budget has sparked significant criticism and market reactions, with rising gilt yields and concerns over Labour's fiscal policies. The budget's tax increases and spending reforms have raised fears of economic stagnation, impacting the housing market and investor confidence as job losses loom in various sectors.

UK Mortgage Rates Continue to Rise

As of November 18, 2024, UK mortgage rates are increasing, with the average five-year fixed-rate mortgage now at 5.23%. This rise follows recent inflation concerns and changes in the economic landscape, including the autumn budget and the US election results, which have led lenders to adjust their rates upward.