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Economic Review – November 2019

Posted on 29 November, 2019

GROWTH SLOWEST SINCE 2010 Although the UK economy did expand during the third quarter, thereby avoiding recession, growth was weaker than expected with the annual rate of expansion the slowest in almost a decade. Gross domestic product (GDP) data released by the Office for National Statistics (ONS) showed the economy grew by 0.3% in the […]

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Residential Property Review – November 2019

Posted on 25 November, 2019

First-time buyer numbers hit a 12-year high Numbers of people buying their first home reached a monthly high in August, achieving a level not seen since 2007, before the financial crisis. The average first-time purchaser borrowed £175,361 or around 80% of the property value. The amount borrowed equates to a multiple of 3.52 of first-time […]

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Economic Review – October 2019

Posted on 08 November, 2019

UK SET TO AVOID RECESSION  Better-than-expected gross domestic product (GDP) data for the latest three-month period has all but dispelled fears of a UK recession this year, although the current rate of growth does remain relatively lacklustre. Official GDP figures released by the Office for National Statistics (ONS) show that the UK economy grew by […]

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