UK house prices rise 0.2% in June; OECD warns on wage slowdown and youth unemployment
8 reported
According to a single-source report from The Guardian, UK house prices rose 0.2% in June compared to May, with the average home price reaching £299,330. The annual growth rate edged up to 0.6% from 0.5% in May, with Northern Ireland showing the strongest annual growth at 7.4%. Amanda Bryden, head of mortgages at Lloyds, attributed the figures to wider economic uncertainty. Separately, the OECD reported that wage growth across its member countries slowed to 2.2% in the first quarter of 2026, down from 2.7% a year earlier, and that unemployment is rising among young people in advanced economies. The Bank of England also announced plans to loosen capital requirements for major UK lenders, even as it expressed concern about AI-related financial stability risks.
What’s reported
UK house prices rose 0.2% month-on-month in June, according to Lloyds data.
Average home price is now £299,330, up from £298,812 in May.
Annual house price growth was 0.6% in June, up from 0.5% in May.
Northern Ireland had the highest annual growth rate at 7.4%.
OECD reported annual wage growth across member countries averaged 2.2% in Q1 2026, down from 2.7% in Q1 2025.
OECD found unemployment rising across most OECD countries, with median rate rising from 5.5% in March 2025 to 5.8% in March 2026.
Bank of England plans to remove and loosen some post-2008 financial crisis capital rules for major UK lenders.
Bank of England expressed concern about AI developments increasing financial stability risks related to cyber and operational resilience.
Key figures
Amanda Bryden, head of mortgages at Lloyds
Mathias Cormann, OECD Secretary-General
Rob Smith, UK head of risk advisory at KPMG
Kalyeena Makortoff, journalist (The Guardian)
Julia Kollewe, journalist (The Guardian)
Andy Burnham, probable next prime minister (mentioned in Thames Water context)
Emma Reynolds, environment secretary (mentioned in Thames Water context)
Sources: The Guardian
