Inflation falls

Inflation has fallen to its lowest level in almost 3 years. The new energy price gap has led to a drop in gas and electricity prices. The consumer prices index came in at 1.5 per cent in October, from 1.7 per cent the previous month, according to the Office for National Statistics.

UK House Prices

UK house prices fell by 0.1 per cent last month taking growth over the year to only 0.9 per cent, according to the latest monthly survey of the property market by Halifax. The slowdown means that prices rose at their slowest annualised rate this year and the cost of an average house this month stands at £232,249, the Halifax said.