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Economic Review – April 2020

Posted on 07 May, 2020

INFLATION SET FOR FURTHER FALLS The headline rate of inflation in the UK fell in March with economists expecting a continuation of this downward trend over the coming months. Office for National Statistics (ONS) data showed that the Consumer Prices Index (CPI) 12-month rate – which compares prices in the current month with the same […]

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Residential Property Review – April 2020

Posted on 24 April, 2020

Deteriorating sentiment as COVID-19 impacts The Royal Institution of Chartered Surveyors recent ‘UK Residential Market Survey’ has reported that despite the residential property market experiencing a notable pickup in momentum at the start of the year, sentiment across the market has deteriorated sharply as a result of the COVID-19 outbreak. The survey highlights that following […]

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Economic Review – March 2020

Posted on 06 April, 2020

RATES CUT TO RECORD LOW The Bank of England (BoE) sanctioned two emergency rate cuts during March in a bid to address the impact of the COVID-19 pandemic, leaving interest rates at a historic low of 0.1%.  Amid growing concerns surrounding the economic repercussions of the COVID-19 outbreak, the BoE announced an unexpected half a […]

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