BANK CUTS GROWTH FORECAST The Bank of England (BoE) has reduced its growth forecast for the UK economy amid growing concerns over global trade tensions and fears of a no-deal Brexit. In its latest policy statement, the BoE said it now expects economic growth to be flat during the second quarter of this year, a […]
Average earnings of £54,000 required to buy a home in the city Property website, Zoopla has released data to show that first-time buyers now need an average income of £54,000 to purchase a typical property in a UK city. This average income figure has risen by 9% since 2016, largely due to higher property prices. […]
UK GROWTH BOOSTED BY STOCKPIILNG The UK economy benefited from a sharp one-off boost to growth in the first quarter of the year as manufacturers stockpiled ahead of a Brexit that never came. Data released by the Office for National Statistics (ONS) revealed that gross domestic product (GDP) rose by 0.5% during the first three […]
