Tag: Economy

Bank of England governor alerts to danger of potential financial crisis as UK house prices rise to record 10.5%

The Bank of England’s governor, Mark Carney, has reinforced his ominous forecasts concerning the UK housing market, as new data indicated that house prices rose by 10.5% in the 12 months to May.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages, Property Market Tags: , , , , , , Leave a comment

Half a million new homes needed before the end of the decade

Local Authorities across England and Wales are demanding that plans are made to build half a million new homes before the end of the decade. It is being described as a ‘national scandal’, and that the current shortage of affordable housing … Continue reading

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Posted by: Samantha Turner Categories: Economy, Property News, Uncategorized Tags: , , Comments Off

Equality Trust call for tax system overhaul after figures suggest nation’s poor contribute more than rich

The British electorate considerably underestimate how much the lowest earners in the country pay in tax and are under a false impression that the country’s richest shoulder the largest burden on their income from tax, according to compelling and insightful … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , , , Comments Off

Housing boom potentially peaks as prices of new houses on the market come to ‘a virtual standstill’, says Rightmove

The recent burgeoning surge in property prices appears to have decelerated across the UK this month according to Rightmove’s newly published House Price Index (HPI). Adding further fuel to the fiery debate surrounding house prices, Rightmove suggest that prices have … Continue reading

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Posted by: Leanne Halsey Categories: Economy, House Prices, Property Market Tags: , , , , , Comments Off

UK inflation rate falls sharply to 1.5%, according to Consumer Price Index

The UK inflation rate has steeply fallen to its lowest value in 54 months, the latest Office for National Statistics (ONS) figures have revealed.

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Posted by: Leanne Halsey Categories: Economy, Latest News Tags: , , Comments Off

Interest Rates – Are They Set to Soar?

There has been much speculation around the subject of interest rate rises for some time now. Thankfully, since the Chancellor, George Osborne, announced in his Mansion House speech, that the Bank of England will be given new powers to intervene … Continue reading

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Posted by: Samantha Turner Categories: Economy, Finance, Industry News, Mortgages Tags: , , , , Comments Off

UK unemployment rate falls to 6.6% but growth in wages continues to stagnate

The UK unemployment rate continued its staggering downward trajectory in the three months to April this year, with the latest figures released by the Office for National Statistics indicating that the nationwide rate has fallen to just 6.6%.

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Posted by: Leanne Halsey Categories: Economy, Latest News Tags: , , , , , 2 Comments

Rate rise of just 1% could send thousands into mortgage arrears, says UK Asset Resolution

Thousands of existing mortgage holders could be at financial risk of falling into arrears with their repayments if the Bank of England raises their base rate by just 1% in the near future, according to the chief of the “bad … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Finance, Industry News, Latest News, Mortgages Tags: , , , , , , 1 Comment