The UK Housing Market Hangs in the Balance

This week’s inflation and wages data could nudge the needle in either direction.

Buyers and sellers are both on strike.

Photographer: Dominic Lipinski/Bloomberg

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

Welcome back. I’ve just spent a few days in Barcelona. I’d recommend it — it’s surprisingly walkable even in the August heat and you can take a train up the coast if you don’t fancy the city beaches (though I must say I liked them too). Huge thanks to everyone who gave me their travel tips on Twitter/X — they were all greatly appreciated and I even had the chance to act on a few of them. Thanks again.