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Economic Review – August 2020

Posted on 08 September, 2020

FASTER REBOUND; SLOWER RECOVERY As recent economic statistics confirm the UK officially entered recession, Bank of England (BoE) forecasts suggest the slump will be less severe than previously thought, but the ensuing recovery is likely to take longer. Data released by the Office for National Statistics (ONS) showed the economy shrank by 20.4% between April […]

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Residential Property Market Review – August 2020

Posted on 27 August, 2020

House price recovery continues July saw house prices enter positive territory for the first time since March, with a net balance of 12% of respondents to Royal Institution of Chartered Surveyors (RICS) July UK Residential Market Survey reporting an increase, against -13% in June. Meanwhile, Halifax reported a ‘mini-boom’ in house prices. Russell Galley, Managing […]

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Economic Review – July 2020

Posted on 11 August, 2020

UK ECONOMY RECOVERING Although recent data has confirmed that the UK economy is recovering from its coronavirus lockdown slump, the longer-term outlook (unsurprisingly) remains decidedly unclear. Official data released by the Office for National Statistics (ONS) showed that the UK economy grew by 1.8% in May, following April’s record 20.3% contraction. While this modest rebound […]

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