British house prices rose in the three months to October at their fastest pace since February and the Bank of England’s interest rate hike is unlikely to offset the impact on prices from a lack of homes for sale, mortgage lender Halifax said.

British house prices rose in the three months to October at their fastest pace since February and the Bank of England’s interest rate hike is unlikely to offset the impact on prices from a lack of homes for sale, mortgage lender Halifax said.

Part-nationalised British bank Lloyds said today that it would axe another 650 jobs and shut a site in Nottingham as part of a raft of changes.