Property sales, first-time buyers, pensions and students

Investors took £5.7 billion out of UK-based stock market funds and a further £470 million from property funds last month in the wake of Britain’s vote to leave the EU, according to latest market figures. The Guardian reports that statistics from data company Morningstar show that some of the money appears to have been redeployed to other types of UK funds specialising in assets regarded as less risky, such as corporate and government bonds. In other Brexit news, Thisismoney reports that over half of households across the UK are concerned about the potential impact of Britain’s vote to leave the EU on their personal finances and jobs.

Nearly 27 per cent of Briton’s are worried that June’s Brexit vote could put their job at risk, according to a report from the Scottish Friendly and the Social Market Foundation. Meanwhile, levels of monthly disposable income climbed only 2.4 per cent in the last quarter, with the proportion of people spending more on housing costs up from 5.8