Money Distilled

The UK’s Housing Affordability Crisis is Easing

It may not feel like it, but houses in the UK are steadily becoming more affordable.

The house price outlook is mildly overcast.

Photographer: Chris Ratcliffe/Bloomberg
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Welcome to the award-winning Money Distilled newsletter. 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.

I’m not going to second-guess the next move in the game of 5D chess, or possibly Buckaroo, being played over global trading arrangements right now.