As the world situation is changing The United Kingdom economy has been the most changing economy of the world as it has been affected by some major changes and has been seen being dragged in some mud as the Brexit has been hurting it since the past three years and the global slowdown has made it worse for the United Kingdom. But there is some good news for the economy after a very long time.
The United Kingdom's economy has been taking some serious hits as the p[olitical uncertainty of the nation has not been slowing down, and the recent announcement of elections has only made the situation worse for the nation. But the nation has seen some good growth in house prices, and this has been good news for the economy after a very long time. The average price of a home in the United Kingdom rose by 0.5% in November to £215,73, which is a good growth seeing the current situation. Before Brexit, the house prices were rising by 5 percent, and there has been a decline ever since the Brexit announcement in 2016. Now the annual rate rise is still below 1 percent, but this month has been the first time the prices saw a hike by .5 percent. So this might be the start of the recovery of the economic growth that we have been waiting for, but this might be changing soon as the elections will be deciding some changes on the 12th of December.
Tags : UK economy,