The average house price jumped by 0.4% or more than £1,000 in cash terms in July, Halifax has reported. Across the UK, the average property value in July was £298,237, up from £297,157 in June.

Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10 or higher.

Global advertising giant WPP has revealed the group cut its workforce by 7,000 over the past year as it saw profits plunge in a “challenging” first half. The firm said its worldwide workforce shrank ...