AJ Bell's Russ Mould and Dan Coatsworth wrote in their report that the increase in home purchases has brought a glimmer of hope to the shaky British economy. The number of UK mortgage approvals will be announced on Friday. Since July, this figure has been slowly rising every month, providing some comfort to the Labour government facing economic stagnation and falling support. Mold and Coatsworth said that strong wage growth and gradually falling interest rates are spurring an increase in home purchases, which may indicate a better period for the UK economy. They said approval numbers began “recovering after being hit hard after the country briefly tested Traseconomics,” referring to Liz Tras' multi-week tenure as prime minister, whose policies caused mortgage costs to soar.

AJ Bell's Russ Mould and Dan Coatsworth wrote in their report that the increase in home purchases has brought a glimmer of hope to the shaky British economy. The number of UK mortgage approvals will be announced on Friday. Since July, this figure has been slowly rising every month, providing some comfort to the Labour government facing economic stagnation and falling support. Mold and Coatsworth said that strong wage growth and gradually falling interest rates are spurring an increase in home purchases, which may indicate a better period for the UK economy. They said approval numbers began “recovering after being hit hard after the country briefly tested Traseconomics,” referring to Liz Tras' multi-week tenure as prime minister, whose policies caused mortgage costs to soar.