The latest poll, by YouGov for The Sun newspaper, suggests left-wing Labour are leading with a 34 percent share of the vote, while the ruling Conservative Party are at 31 percent. The more interesting news is further down the rankings, where anti-EU U.K. Independence Party (UKIP) are showing a 17 percent rating, outstripping the Liberal Democrats (LibDems), currently the junior coalition party in government, with 6 percent. The LibDems have also fallen behind the Green Party — which like UKIP has just one elected member of parliament — suggesting that the position as the third party in the country is in danger of wipeout.
“A variety of indicators suggest that the market has lost momentum,” Robert Gardner, Nationwide’s Chief Economist, said in the report. “The number of mortgages approved for house purchase in September was almost 20 percent below the level prevailing at the start of the year.”
“Some forward looking indicators, such as new buyer inquiries, suggest that activity may soften further in the near term, especially in London,” Gardner warned.
via CNBC
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