Collapsed country fashion brand Joules is set to be bought up by retail rival Next. Joules was set to appoint administrators last month after failing to agree a financing deal to rescue the business, putting around 1,600 jobs at risk.
The mini-Budget’s house market impact was revealed today as Nationwide reported the biggest drop in prices since June 2020. November’s decline of 1.4% has reduced the annual rate of growth to 4.4% from 7.2% the previous month.
Stock markets, meanwhile, have been lifted by the boss of the Federal Reserve signalling that a slowdown in the pace of US interest rate rises is on the way.
