Tag: Economy

UK inflation falls to lowest level for 5 years

  Inflation has fallen to its lowest level in 5 years, with the declining cost of fuel and a supermarket price battle thought to be the principal causes.

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Average UK house growth expected to slow

The average price of UK property rose marginally by 0.6% in September on the previous month to £187,188, nonetheless this represents a peak in annual house price growth with properties’ values expected to increase at a more temperate rate henceforth, … Continue reading

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Tories propose 20% discount on fresh supply of 100,000 houses if re-elected…

  Young families and callow individuals seeking to climb onto the property ladder, can seemingly take heart from David Cameron’s most recent pledge to erect 100,000 new homes whilst also slashing 20% of their sale price.

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Price of flats rise faster than any other property type in the last ten years

Flat prices have surged by an estimated 32% over the last 10 years according to fresh data from Halifax, as heightened demand from first time buyers and rapidly escalating property prices in London, the majority of which are flats or … Continue reading

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‘Welcome news for consumer spending power’ as UK inflation rate falls to 1.5%

Consumers across the UK have seen the inflationary pressures on their wages softened over the past month, with the latest annual disclosure indicating that it fell to just 1.5% in the year to August.

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Record increase in number of first-time buyers in July

Over 30,000 first-time buyers took out mortgages in July, the highest monthly figure since the outbreak of the financial crisis, expending 20% of their incomes in lieu of housing costs.

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House prices stabilise over August

UK house prices remained stable over August, suggesting the blistering pace at which they were shooting upwards could have eased over recent months, Britain’s biggest mortgage lender, Halifax, revealed in today’s freshly published data.

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BoE governor indicates real wages will increase by mid-2015 – What does this mean for Interest Rates?

Mark Carney has indicated that wages will rise in line with inflation “around the middle of next year”, from when they are speculated to outstrip inflation, in a speech to delegates at the Trade Union Congress (TUC).

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