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5 Things You Need To Know, Today, on Monday 15th November 2021
5. China's property slump has deepened official data showed, with new home prices seeing their biggest month-on-month decline since 2015.
New construction starts in January to October also fell 7.7%, compared to a year earlier.
4. UK ministers will this week announce a new £1tn a year export target by 2030, although previous Conservative governments failed to achieve the same figure by 2020.
The restated overseas sales target is part of Prime Minister Boris Johnson’s plan to overhaul Britain’s post-Brexit export strategy, which will be launched in London during international trade and investment week.
3. Asking prices for British homes slipped by 0.6% this month as the market entered its usual lull ahead of the Christmas holidays, but they are expected to resume their rise next year.
Online property portal Rightmove said the average asking price, which is not adjusted for seasonal variations, stood at £342,401 ($459,057) in November - up 6.3% in annual terms.
2. There will "definitely" be enough turkeys for Christmas, the British Poultry Council (BPC) has said.
The pledge from the industry body came as the deadline closes to recruit thousands of temporary workers from the European Union to help process turkeys, amid widespread UK labour shortages.
1. More than 300,000 people working for employers who have voluntarily signed up to the Real Living Wage are getting a pay boost of 40p to £9.90 an hour, in London will pay will rise 20p to £11.05 an hour.
This is not to be confused with the compulsory National Living Wage, which is currently £8.91 an hour for anyone over the age of 23.
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