The London Rush

Soaring Mortgage Rates Hit Brits’ Plans to Buy New Homes

Homebuyer demand slumps; Aldi and Lidl rivalry heats up
A woman looking in the window of an estate agent in Birmingham.Photographer: Mike Kemp/In Pictures
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Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories.

Selling a home is no small feat at the best of times, but buyers and vendors alike are facing a tough spring ahead.