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UK home sellers slash prices at fastest rate since 2018; China cuts key interest rate – business live

Asking prices for UK homes have tumbled by 1.9% in August, according to Rightmove data, while China cut a key lending rate amid an economic slump

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

We kick off with news of further woe for UK home sellers this morning.

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