BANK OF ENGLAND SIGNALS EARLIER RATE RISE The Bank of England (BoE) has indicated that interest rates are set to rise sooner and by a greater extent than it previously anticipated. While the nine-member Monetary Policy Committee (MPC) unanimously voted to leave rates unchanged following February’s meeting, new guidance was issued suggesting that the pace […]
ECONOMIC GROWTH STRONGER THAN EXPECTED The UK economy showed signs of resilience during the final quarter of 2017 recording a higher than expected rate of growth, although Brexit concerns still weigh on economic prospects. Official data released by the Office for National Statistics (ONS) suggests that gross domestic product (GDP) rose by 0.5% in the […]
UK house prices increased 5.1% to November 2017 In their recent UK Residential Market Survey, the Royal Institution of Chartered Surveyors (RICS) reports that UK house prices increased 5.1% in the year to November 2017, a 0.3% decrease on October figures. Estate agents report that stock levels remained stable and new buyer enquiries stabilised. For […]
