The Independent

House prices are set to rise at a slower rate than incomes over the next two years despite remaining generally unaffordable, according to research by a property market company.Zoopla said property value inflation would “remain muted” between 2024 and 2026 compared to wages but prices would stay around £20,000 above affordable levels.It comes as the Bank of England warned millions of households across Britain will see huge hikes in mortgage repayments over the next two years.“House prices still look expensive on various measures of affordability. We expect house price inflation to remain muted, likely to rise more slowly than household...

House prices set to rise at slower rate than incomes, research shows

The UK economy’s recovery from recession was stronger than previously thought, according to updated data.The Office for National Statistics (ONS) revealed in revised figures on Friday morning that UK gross domestic product (GDP) grew by 0.7% between January and March.In May, the statistics body estimated that the economy had grown by 0.6% over the quarter.This growth saw the UK economy rebound from a recession in the latter half of 2023, after the ONS previously confirmed two consecutive quarters of decline.The economy shrank by 0.1% in the third quarter, and 0.3% in the fourth quarter.The improvement in growth shown in the...

UK economy grew more than first thought at start of 2024, says ONS

Property values are likely to rise more slowly than incomes over the next couple of years, with the typical house price currently sitting at nearly £20,000 above the level that would generally be affordable to households, according to Zoopla.However, rising incomes and longer mortgage terms are helping to improve affordability, meaning the “over-valuation” of properties is expected to have disappeared by the end of the year, the website said.Zoopla’s over-valuation estimate was reached by comparing the actual average house price in its index with an “affordable” price, which was calculated based on households’ disposable incomes, average mortgage rates and average...

House prices likely to rise more slowly than household incomes, says Zoopla

New Jersey State

Upworthy

Public discourse about minimum wage and living wages has been ongoing for years, with people debating whether the government should mandate a minimum hourly pay for workers.  President Franklin D. Roosevelt signed the first federal minimum wage law in 1938, setting the lowest wage a worker could be paid at 25 cents per hour. Nearly a century later, the federal minimum wage is $7.25/hr, holding steady since 2009, with people lobbying to raise it to at least $15/hr for over a decade. However, in addition to federal law, each state has its own laws, a handful of which establish a state minimum wage higher than $15, a handful of which don't have a set minimum wage at all and everything in between.Cost of living has also been a hot topic as inflation has squeezed everyone's wallets and certain cities and states have become utterly unaffordable, especially for people in low-wage jobs or who who are just starting out in their careers. So how do minimum wage and cost of living correlate state-by-state? Are there any sweet spots with a high(er) minimum wage and low(er) cost of living? 

6 states where the minimum wage and cost of living offer the best bang for your buck

The American Dream of a thriving middle class is fading fast. Recent data paints a stark picture of economic reality for many US workers, challenging long-held notions of financial stability and upward mobility. This article delves into the factors contributing to the decline of the middle class and explores the...

Say Goodbye to the Middle Class: Half of US Workers Made Less Than $41,000 Last Year

uPolitics

Last week, during his first visit to Capitol Hill since the Jan. 6 riots, former president and presumptive Republican nominee Donald Trump suggested to House Republicans a significant overhaul of the U.S. tax system – proposing to eliminate income taxes and replace it with an “all tariff policy.”

Trump Proposes Eliminating U.S. Income Tax And Replacing It With Higher Tariffs On Imports

In a nation as prosperous as the United States, it’s alarming that many Americans are teetering on the edge of financial ruin. Despite the country’s vast resources and economic prowess, millions of individuals and families find themselves trapped in a cycle of poverty, struggling to make ends meet or facing an uncertain future.

Why Are So Many Americans On The Brink Of Poverty?

Markets Insider

The US is heading into a bankruptcy cycle that could spark more job losses, Danielle DiMartino Booth said. The veteran forecaster pointed to the rise in large bankruptcies so far this year. June could see a rise in large bankruptcies, raising unemployment, she predicted. A wave of large bankruptcies is...

The US economy is headed into a corporate bankruptcy cycle that will spike unemployment, veteran forecaster says

Four Sri Lankan fishermen have died and another two are critically ill after consuming an unknown liquid from bottles they found while at sea, according to local media reports. The sailors were said to be on a fishing trip when they retrieved the bottles around 320 nautical miles from Tangalle,...

Four die after drinking from bottles found in sea

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Wet 'n' Wild owner Serco Leisure confirms the sale, but does not reveal details of its new owner.

Waterpark sold to unnamed developer

A pharmacist who admitted to selling drugs without a prescription for his own financial gain has received a suspended sentence. In April, Gerard Cullinan, of Hillside Crescent in Belfast, pleaded guilty on behalf of his company Castlereagh Pharmacy Ltd to selling or supplying painkiller co-codamol and opioid fentanyl without a prescription between January 2017 and June 2020.

Pharmacist sold drugs without prescription

Jan and Els were married for almost five decades. In early June, they died together after being given lethal medication by two doctors. In the Netherlands, this is known as duo-euthanasia. It’s legal, and it’s rare - but every year, more Dutch couples choose to end their lives this way.

Dying together: Why a happily married couple decided to stop living

Face mask rules have been reintroduced at acute hospitals in Worcestershire after a rise in the number of patients developing Covid-19. The policy applies to staff, patients and visitors, and covers all clinical areas at Redditch's Alexandra, Kidderminster, and the Worcestershire Royal hospitals. In a statement, Worcestershire Acute Hospitals NHS...

Covid spike sees masks reintroduced at hospitals

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Total Apex Sports & Entertainment

Do you know anyone who has dual nature? Such two-faced zodiac signs are friendly but they gossip about others behind their backs. They can lie to you without batting an eyelid. However, detecting a two-faced person isn’t easy for everyone. They often compliment their friends when they achieve a goal or change their wardrobe. But they will make negative remarks about you to someone else. What other traits do two-faced people have?

3 Zodiac Signs Who Are Two-Faced

Paying tribute to the 23-year-old, his family say they will "never be the same without him".

Stabbed man had 'heart of gold', his family says

Inflation has been persistent for the past several years. The 2024 cost of living adjustment (COLA) for federal retirees was 3.2%. Some retirees were probably disappointed with the 2024 increase because of the larger increases in the two previous years. In 2023, the COLA was 8.7%, the highest in more...

Because of Inflation, 2025 COLA Estimates Going Up Every Month

The lead actor in the original detective series Bergerac has said he was offered a cameo role but turned it down. John Nettles, who is 80, said he was "too old" for the role. The original BBC series, which was based in and depicted Jersey and aired from 1981 to 1991, featured Nettles as Detective Sergeant Jim Bergerac.

Bergerac star John Nettles turns down remake role

The family of a Dumfries woman who died in Crete 15 years ago has said police in Greece are reopening an investigation into her death. It would be the fourth investigation into Jean Hanlon's death, and follows a report being passed to prosecuting authorities from a private investigator. It identifies...

'Massive breakthrough' in woman's Crete death case

Mask wearing has been reintroduced in medical settings due to a spike in Covid cases, Manx Care has confirmed. The measure across all of its sites includes employees working in patient-facing settings and members of the public visiting those in hospitals. Face masks are being supplied at the entrance to...

Mask wearing reintroduced in medical settings

NewsBreak

Incomes have risen 'at a crawl' says think tank

Typical household incomes went up by just £140 a year on average in the last 14 years, according to the Resolution...

Incomes have risen 'at a crawl' says think tank

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