First-time buyers hit as mortgage rates keep rising

Simon Jack,Business editorand Archie Mitchell Watch: GSK boss Dame Emma Walmsley lays out competitions facing the UK The US is the best place for a business to invest, the boss of one of the UK’s biggest pharmaceutical companies has said. Dame Emma Walmsley, chief executive of vaccines and medicines giant GSK, said it will invest…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK retail spending rose at the lowest pace for seven months in December and below the rate of inflation, pointing to a “drab” Christmas period for retailers as consumers continued to feel the impact of…