UK house prices ‘drop unexpectedly in December’; Lidl’s Christmas sales surpass £1bn – business live

A picture


House prices faltered slightly in December, but overall the UK’s property market was resilient in 2025, Nationwide says.Robert Gardner said:Despite the softer end to the year, the word that best describes the housing market in 2025 overall is ‘resilient’.Even though consumer sentiment was relatively subdued, with households reluctant to spend and mortgage rates around three times their post pandemic lows, mortgage approvals remained near pre-Covid levels.Stamp duty changes that took effect at the beginning of April created volatility through the spring and summer.Activity spiked in March as purchasers brought forward transactions to avoid paying additional tax and this led to some softness in the following months.

However, the underlying picture was little changed as demand held up well throughout.Looking ahead to 2026, Nationwide now expects that annual house price growth will be in the range of 2% to 4%, as income growth is forecast to outpace house price growth, and economists expect a modest decline in interest rates.Gardner adds the changes to property taxes announced in the government’s last budget are “unlikely” to have a significant impact on the market.The high value council tax surcharge is not being introduced until April 2028 and will apply to less than 1% of properties in England and around 3% in London.The increase in taxes on income from properties may dampen buy-to-let activity further and hold down the supply of new rental properties coming onto the market, which could, in turn, maintain some upward pressure on private rental growth.

”Amy Reynolds, head of sales at the estate agency Antony Roberts in Richmond, said the expectation of continued lower mortgage rates should help restore buyer confidence this year,There is more optimism and a feeling of relief now that the budget is over,We do not expect huge price rises and a racing market, more a return to the normal pre-budget market which has been on hiatus while everyone waited to see what the government would roll out,”Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy,UK house prices dropped unexpectedly by 0.

4% in December, according to the latest figures from the lender Nationwide Building Society.It found that house prices fell slightly in December compared with November, ending the year just 0.6% higher compared with the year before.Economists polled by Reuters had forecast a 0.1% monthly rise, with an annual change of 1.

2%.Robert Gardner, Nationwide’s chief economist, said:UK house prices ended 2025 on a softer note, with annual price growth slowing to 0.6%, from 1.8% in November, the slowest pace since April 2024.The high base for comparison can partly explain the slowdown (annual price growth was a solid 4.

7% in December 2024), although prices fell by 0.4% month on month, after taking account of seasonal effects.Most regions across the UK reported modest house price growth in the final quarter of the year, with East Anglia the only region to post an annual decline of 0.8%.The strongest was Northern Ireland, where prices rose by 9.

7% on annual basis.The average price for a home in the UK was £273,077 in the final quarter of the year, Nationwide said.At the end of December, it was £271,068.Elsewhere, the supermarket Lidl has said its revenue in the UK surpassed £1.1bn in the four weeks running up to Christmas Eve.

The supermarket, which has been rapidly expanding across the UK with new store openings, said it welcomed nearly 51 million customers through its doors, up 8% compared with the year prior.The busiest day for footfall was 23rd December, it said.Its data suggests that shoppers bought more than 11,000 tonnes of seasonal produce in the week leading up to Christmas Eve, a 70% year-on-year increase, including an almost 40% rise in easy-peeler clementines alone.Ryan McDonnell, chief executive at Lidl GB, said:2025 was a record-breaking Christmas for Lidl – with more customers choosing to shop with us than ever before.By continuing to invest in low prices and champion British food, all without compromising on quality, we’ve seen loyalty soar.

We remain the retailer that delivers the highest quality at the best price,7,00am GMT: Nationwide house price index for 20259,00am GMT: Eurozone manufacturing PMI9,30am GMT: UK manufacturing PMI2.

45pm GMT: US manufacturing PMI
A picture

How to make garlic bread – recipe | Felicity Cloake's Masterclass

Once upon a time, an ex and I used to throw an annual party – a non-chic affair with a recycling bin full of ice and bottles – where the star, and the thing that everyone really came for, was the garlic bread: 10 or 15 loaves of the stuff, always demolished while still dangerously hot from the oven. I believe the original recipe was Nigel Slater’s; this is my tweaked version.Prep 15 min Cook 25 min Makes 1 loaf1 ciabatta loaf, or baguette – a slightly stale one, ideally80g room-temperature butter, salted or unsalted4 garlic cloves 1 small bunch parsley, or another herb of your choice (see step 6)40g parmesan, or similar hard cheese, finely grated, plus a little extra for toppingA squeeze of lemon juice, to finishSalt, to taste (if using unsalted butter)You can prepare this ahead of time (and you should, too, if you want to get the smell of garlic off your hands before the festivities begin) – the day before, or even up to a month in advance (in which case, wrap, freeze and bake straight from frozen, though, if you do so, add five to 10 minutes to the cooking time). In both cases, wrap it well in foil before storing.While day-old bread is easier to butter, it must still be soft enough to absorb large quantities of butter (anything too dense or crisp will repel it) and robust enough to maintain its structural integrity once soaked

A picture

Festive finger food: how to use Christmas leftovers to make New Year’s Eve canapes | Kitchen aide

What canapes can I make for New Year’s Eve with my Christmas leftovers that will still feel special?Ella, via email Finger food needn’t be fancy, so New Year is a good opportunity to clear the decks. The only real rule is to keep things to just one bite – no one wants to be manoeuvring a fork, after all. “People just want a big hug of comfort food with a decadent twist,” says Max Bergius, founder of Secret Smokehouse in east London. “If you’ve got a bit of smoked salmon left, get that on blinis and top with lumpfish caviar, which is only £2-£3 per 50g pot.” Mini fishcakes would also be just the ticket: “Whether you’ve got leftover smoked haddock or hot smoked salmon, fold it through mashed potato, mix with dill, lemon and fried leeks, then roll in panko and deep-fry

A picture

Rukmini Iyer’s quick and easy party platters: halloumi with pineapple salsa and za’atar carrots with labneh | Quick and easy

This hot halloumi platter is such a crowdpleaser that it’s worth making with two blocks of halloumi, even for a smaller group. I like to include this as part of a spread of mixed hot and cold dishes – a jolly, festive update on cheese and pineapple on a stick (which is admittedly hard to improve on). Then, a high-impact, low-effort dish: za’atar roast carrots with labneh and pistachio. On a whim, I hung a carton’s worth of plain yoghurt in muslin for labneh the other week, and now I can’t stop – it takes just 30 minutes for a soft-set, which is what you want here (for a firmer set, leave it to hang for an hour).To get ahead, keep the cut pineapple in a large bowl in the fridge, the chopped mint and chilli in a small bowl, and the red onion and lime juice in another small bowl

A picture

Jose Pizarro’s recipe for caramelised brussels sprout and panceta montaditos

Brussels sprouts are perhaps not the first thing you think of when you think about Spanish food, but they do have a little history in my homeland. They arrived in Spain in the 16th century, through trade with Flanders, and were often paired with pork, which we love. Here, however, I caramelise them with onion, thyme and sweet vinegar, then serve on crisp baguette with soft cheese and pine nuts. A small bite with big flavour, and just right with a glass of oloroso – perfect for festive times.Prep 15 min Cook 35 minMakes About 20 canapes1 tbsp olive oil 125g sliced panceta (Spanish bacon), or pancetta, finely chopped1 medium onion, peeled and finely sliced1 garlic clove, peeled and finely sliced300g brussels sprouts, finely sliced3 sprigs fresh thyme, leaves stripped2 tbsp sweet apple vinegar 2 tbsp soft light brown sugar Salt and black pepper 20 slices fresh baguette 150-200g soft curd cheese, whipped, or whipped cream cheese50g pine nuts, toastedHeat the oil in a large frying pan, then fry the chopped panceta for about five minutes, until golden and crisp

A picture

Tasting 291 Australian supermarket products has taught me there’s no correlation between price and deliciousness

After a year of taste tests, Nicholas Jordan has learned never to judge a food by its packet – including the cooking instructionsImagine going to a work Christmas party and being greeted not by your current workmates and bosses but by everyone you’ve ever worked with. Imagine the mix of dread, nostalgia and excitement that would bring on. That’s how I feel every time I walk into Coles Broadway.After trying 291 supermarket products for 14 taste tests this year (one more than last year’s haul) I feel as if I know all the characters in there and, despite only having relatively short interactions with many, I have strong opinions about all of them.I want to tell everyone my opinions but supermarkets aren’t particularly welcoming places for giddy soap-box speakers

A picture

Drinks ideas to get your NYE party fuelled

Oh, you thought it was all over? After all the carolling, gifting and tree-ing (not to mention the eating and drinking) of the actual Christmassy bit, it feels almost cruel to have to do it all again, and on – in my opinion – one of the most stressful nights of the year: New Year’s Eve.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more.If you’re not paying over the odds and going out, with long queues and stressed-out staff, you’re the stressed-out one yourself