House price inflation in the UK has stagnated since the Brexit vote amid ongoing uncertainty and political turmoil. In a signal of Brexit’s negative impact on the housing market, September was the worst month for house price growth in the UK for more than six years, according to mortgage lender Halifax.
Since the end of August savings rates have tumbled unceremoniously, making life harder for savers looking for a good deal. So, what is going on? There are several plausible explanations for the raft of rate cuts from saving providers. And much of it joins together to paint a wider negative picture.
Prophecies that robots would soon take over the world of financial advice have proven ill-founded. According to consumer site Boring Money, robot advisers accounted for less than 1 percent of the UK’s £192bn non-advised online investment market at the end of the third quarter of 2017.