In the news this morning, an attempt by a group of buy-to-let landlords to get a judicial review of planned tax changes due to be introduced from next year has failed. Households are paying down mortgage debt, reducing debt levels by £12.6bn in the second quarter. And Damien Hirst’s Newport Street Gallery has won the Riba Stirling prize for architects Caruso St John.
Landlords’ tax challenge fails (FT/£)
A High Court judge has dismissed an attempt to seek a judicial review of tax changes due to come into effect from next year that would limit the level of mortgage interest payments landlords can offset against tax.
Households paying down mortgage debt (The Times/£)
Households are paying down mortgage debt at record rates, Bank of England figures show.
Damien Hirst gallery wins Riba Stirling prize (The Guardian/FREE)
Damien Hirst’s Newport Street Gallery in south London has won this year’s Riba Stirling prize for best new building.
Average Scottish home costs seven times earnings (The Times/£)
The average price of a house in Scotland has risen to almost seven earnings, according to analysis by eMoov.
Alstom to build plant in Widnes (The Guardian/FREE)
Alstom plans to invest an initial £20m to build a plant at a 30-acre site in Widnes, Cheshire.
Sales fall at Dunelm (The Times/£)
Dunelm Group reported a 3.8% fall in like-for-like sales in Q1, as the warm late summer weather caused a drop in the number of customers visiting its stores.
Government not pursuing hard Brexit (The Independent/FREE)
The government is not targeting a so-called hard Brexit, chancellor of the exchequer Philip Hammond said.
