UK Property

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rents advertised for tenants outside London have hit a record average of £1,316 a month, underlining continuing strains on rental affordability.Advertised rents outside the capital are now 7 per cent higher than this time last year, according to property site Rightmove. Though this is lower than the 12 per cent rises seen two years ago, it remains far above the 2 per cent average in the years before the pandemic. Tim Bannister, Rightmove...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Some rich individuals in the UK are selling assets such as shares and property in preparation for an incoming Labour government that they fear would increase capital gains tax, according to several wealth managers.Financial planners representing wealthy people told the Financial Times that some clients, from corporate chief executives to business entrepreneurs, were already offloading investments. Shadow chancellor Rachel Reeves has said her party has no plans to raise CGT, but she...