Property prices in England and Wales have hit a record high, says the Guardian. Prices are 5.5pc higher than they were in June 2015, reports a study by rightmove.com. The average house now costs £310,471. Deals are also going through with unprecedented alacrity: it now takes 57 days to sell a property, compared to 65 this time last year. The capital bucks the trend, for once, with expensive boroughs actually seeing property price plummeting. Richmond on Thames has seen a 10.2pc drop in average price month-on-month, while sellers in Kensington and Chelsea are 9.4pc worse off.
Unemployment in the UK is at its lowest rate since October 2005, says the BBC. The Office for National Statistics said that unemployment in February to April had fallen to 1.67 million. Employment currently stands at a record high of 74.2pc. Earnings also rose by 2.3pc compared to last year, partly due to the introduction of the National Living Wage of £7.20
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