The Bank of England’s base rate will be held up next year despite falling inflation, followed by a steeper than expected decline as economic pressures ease. In its economic outlook, Capital Economics predicted that a drop in inflation would not immediately result in a...
According to data from the past five years, nearly one in five properties (17%) received an offer within one hour of a viewing, with one in 14 buyers (7%) making an offer on a house without even visiting it. This trend is far more common in 2022 as 31% of properties...
The Chancellor plans to cut income tax and stamp duty in order to boost growth. In last week’s mini-budget, Chancellor Kwasi Kwarteng announced a series of measures designed to stimulate economic growth. Among these are tax breaks for businesses and increased...
The Bank of England has unveiled a 50 basis point (bps) rise in the base rate, bringing it up to 2.25 per cent. The Bank of England’s Monetary Policy Committee (MPC) has announced a 50 bps increase in the base rate as it attempts to deal with spiralling inflation and...
The Bank of England could raise the base rate from 1.75 per cent to a peak of 4 per cent next year, according to a leading economic consultancy. A “potentially huge fiscal expansion” will force the Bank of England to raise interest rates to a peak 4 per cent next...
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