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Money blog: Two supermarkets get almost half of all grocery sales

The article from Sky News discusses various economic updates in the UK, focusing on the housing market, mortgage rates, and the impact of Airbnb. It highlights that UK house prices have seen a slight increase, with the average price now at £281,684, up by 0.7% annually, according to Halifax. This rise is attributed to a shortage of properties rather than strong buyer demand. Mortgage rates are also a significant topic, with the Bank of England's base rate decisions influencing the market; despite expectations, the base rate was held at 5.25%, affecting mortgage affordability. Additionally, the article touches on the growing trend of using Airbnb for short-term lets, which has led to concerns about its impact on local housing availability and community cohesion. There's also mention of a potential government crackdown on holiday lets to address these issues. Other economic news includes updates on inflation, consumer spending, and business reactions to the economic climate.

Read the Full Sky Article at:
[ https://news.sky.com/story/money-latest-live-housing-market-mortgages-airbnb-13040934 ]