Another 0.5% interest rate hike from BoE more likely than not

A leading economist has warned that the Bank of England (BoE) could increase interest rates by another 0.5% to 2.25% at the next Monetary Policy Committee (MPC) meeting. The warning comes as the number of job vacancies fell for the first time in two years, while...

Inflation rises to 9.4% in June

Inflation in the UK reached 9.4% in June, setting a fresh 40-year record high, according to the Office for National Statistics (ONS). The latest figure is driven by a 42.3% rise in the price of motor fuels year-on-year and an increase of 9.8% in the price of food and...

Asking prices now £55,000 higher than before the pandemic

Zoopla has reported that the average price of property coming to market has hit a new record for the fourth consecutive month, rising to £367,501. This month’s increase of 2.1% (+£7,400) is the highest at this time of year since May 2014, and marks a national jump of...

House prices surged 14.3% in last 12 months

Property prices are now 21% higher than before the pandemic struck in early 2020 Annual house price growth increased to 14.3%, according to Nationwide, from 12.6% in February. The building society said this marked the highest level of growth since 2004, taking the...

Average property price jumps past £350,000: Rightmove

The average price of a property coming onto the market came to £354,564 in March, shows the latest house price index from Rightmove. This 1.7% monthly increase, which compares to 2.3% in February, is the largest recorded for March since spring 2004. It also means that...

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Inflation rises to 9.4% in June

Inflation rises to 9.4% in June

Inflation in the UK reached 9.4% in June, setting a fresh 40-year record high, according to the Office for National Statistics (ONS). The latest figure is driven by a 42.3% rise in the price of motor fuels year-on-year and an increase of 9.8% in the price of food and...

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