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Liverpool Echo
Liverpool Echo
Business
Storm Newton

Liverpool property market feels impact of Kwarteng's mini-budget

Kwasi Kwarteng's disastrous and short-lived mini-budget has left its mark on Liverpool's property market, according to research.

In City Residential's latest quarterly report, covering the three months to September 2022, the firm outlined the positives and negatives of Kwasi Kwarteng's announcement last month, which included a swathe of tax cuts reportedly set to cost £150bn .

The so-called mini-budget sent the mortgage market into a tailspin, with interest rates rocketing and some banks even pulling their products.

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