Inflation falls to 1.5% in May
CPI inflation has now been at or below its 2% target for six months.
First-time buyers face surge in house prices
First-time buyers face having to pay 10.7% more to get on the property ladder than they did a year ago, new figures show.
The typical starter home now costs £199,000, according to the Office for National Statistics.
The news follows calls for the Bank of England to take action against spiraling values, with some urging a dilution of the controversial Help to Buy scheme for buyers with lower deposits.
The Government says the scheme is working as intended to reach people who need its help the most.
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What the papers say – July 29
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