In his Autumn Statement, UK Chancellor Jeremy Hunt has announced large tax hikes and spending cuts. Some highlights in his speech include

The country’s secretary of state for leveling up, housing and communities, Michal Gove, has accused UK homebuilders of using poor materials

Bloomberg reported that UK homebuilder surplus capital returns will most likely end after market headwinds continue to threaten bumper

UK asking house prices fell by 1.1%, according to Rightmove, this seasonal adjustment is a result of more sellers wanting to close

Here are this week’s highlights in the UK economy.

The spike in both mortgage and landlord repossessions has affected more than 93% of adults in the country.