Policymakers Remain Vigilant Amid February Price Trends: Implications for Economic Growth and Housing Market Introduction The UK faces rising prices and mixed inflation. Policymakers watch the numbers closely. The Office for National Statistics shows UK prices up 2.8% in the year to February. This rise sits lower than January’s 3.0%. Chancellor Rachel Reeves MP now prepares her Spring Statement. She...
Bank of England Maintains Interest Rates at 4.5% Amid Economic Uncertainty The Bank of England left its key rate at 4.5%. The financial experts saw this coming. The Monetary Policy Committee met to decide. The committee meets often. It checks our local scene and the world of trade. Governor Andrew Bailey called the scene one of high uncertainty. Global Trade and Economic Outlook The Bank of England sees...
Bank of England Holds Interest Rates at 4.5% Amid Inflation Fears The Bank of England held the base rate at 4.5% at its latest meeting. The members of the Monetary Policy Committee all made their choices. Eight members voted yes, while one voted for a lower rate. The bank acts with care as inflation and economic uncertainty rise. Recent Historical Context In February, the rate went from 4.75% down to 4.5%....
Rising Costs Loom for UK Households: What to Expect and How to Manage Your Bills A new fiscal year comes soon. UK households brace for cost hikes that may stress their budgets. Several announcements point to rises in core services. Energy, broadband, mobile phone plans, and some taxes will change on 1 April. Homeowners and tenants must learn what shifts come. These may lift monthly bills. Energy Bill...
Bank of England Holds Base Rate Steady at 4.5%: Implications for Property Investors The Bank of England’s Monetary Policy Committee has kept the base rate at 4.5%. The vote ended 8-1. The committee weighs pressure from inflation against slow growth. Last month, the bank cut rates by 0.25%. The move shows the bank’s caution as it checks the UK economy. Inflation Concerns Persist Inflation falls from its...
Household Bill Arrears Surge: A Challenge for Property Investors and Tenants Alike StepChange debt charity finds that bill arrears now jump by 25%. People who seek debt help show higher arrears. The economy stays tough. Property investors must watch these trends. This holds true for those who work with House in Multiple Occupation (HMOs). The Rise in Household Bill Arrears The average client now owes...
Consumers Brace for Multiple Price Hikes This Spring: What You Need to Know The new financial year starts on 1 April. Many in the UK must get ready as prices climb in different areas. This guide explains what happens and shows ways to fight back. Energy Bills Set to Rise Again From April, energy bills jump by £9.25 a month on average. Ofgem reports that most households see a 6.4% rise. This is the third...
Coming Price Hikes: What April 2025 Will Bring for UK Households We approach the 1st of April with many UK households ready for new price hikes. Many families face higher bills for energy, broadband, water, car tax, council tax, and stamp duty. These rises may add strain as many still work hard to recover from past hard times. Below is a clear guide on what to expect and some ideas that may help cut...
UK Property Market Update: March 2025 Sees Rising Prices Amid Stamp Duty Deadline The UK housing market starts strong this March. Trends pull in buyers and investors alike, especially those interested in HMOs. Stamp duty changes begin on April 1, and both sellers and buyers are in a race to secure good deals while watching their budgets closely. Mortgage Calculators: Understanding Your Finances Homebuyers...
Bank of England Keeps Base Rate at 4.5% Amid Economic Concerns The Bank of England’s Monetary Policy Committee has set the base rate at 4.5%. Eight members voted in favor while one opposed. The committee did this after a 0.25% drop in February. Members weigh inflation against slow growth. Inflation and Growth: A Hard Balance Inflation seems to slow down after its peak. Yet, the committee does not lower...
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