Source: Sharecast
UK homeowners are agreeing to sell for about £16,000 below the average asking price amid the busiest month for home sales since the pandemic boom, according to a leading property website. House sales have climbed by 6% this month compared with May last year, Zoopla found, and 13% more homes came on to the market, giving buyers more choice and helping to boost activity. – Guardian
Rachel Reeves’s plans to combine smaller pension funds into a group of giant “megafunds” will make workers just £6,000 better off by the time they retire, The Telegraph understands. In an announcement expected later this week, the Chancellor will lay out details of new rules to encourage consolidation in the pension industry. – Telegraph
Elon Musk’s Starlink is set to be handed a bigger slice of Britain’s broadband network amid surging demand for satellite internet services. Ofcom has outlined proposals to grant new temporary spectrum licences to Starlink for three of its gateway Earth stations. The stations, which are located at Starlink’s existing sites in Hampshire, Suffolk and Cambridgeshire, help to connect broadband users by transmitting data between satellites and infrastructure on the ground. – Telegraph
The John Lewis Partnership has been given the green light for its biggest build-to-rent project, despite opposition from the council and local residents. The group said a government planning inspector had approved its plans to build 430 homes in towers up to 20 storeys high above its Waitrose supermarket in the west London borough of Ealing. – The Times