Mix It Up By The Bank Of England

So, the Bank of England’s Monetary Policy Committee (MPC) has made the unanimous (all its members came to the same decision) to raise the Bank Base Rate by 0.25 percentage points, to 0.75%. The Inflation Report states ‘Global developments will affect the UK through their impact on external demand... The tightening in global financial conditions [...]

Bank Of England Survey

Q1 is through, and the Bank of Englands' Agents’ results summarise a mixed bag from robust growth in goods exports having tightened capacity, improving profit margins and strengthened investment intentions to evidence of financial distress in retail and leisure. The mortgage market has remained highly competitive with activity dominated by remortgaging in anticipation of further [...]

Rate My Business

Just as private resident council tax is levied upon private residential property, business rates are levied upon business properties. With hikes from last year’s revaluation they are viewed as disproportionally high by most business owners and are a contentious issue when considered against other business overheads and exacerbating challenging business conditions. Based on the value [...]

End Of Year Report

According to the Bank of Englands' quarterly summary report, on business conditions across the UK between late August and late November, housing market activity had moderated in Q4; remaining weaker in the secondary market, and in London for the most expensive properties. Weak supply and ‘stretched affordability was leading many would-be purchasers to rent’ with [...]