Residential Property Market Review – November 2016 Housing demand still strong In a recent trading update, Taylor Wimpey, Britain’s third largest housebuilder, reported that sales and cancellations following the 23 June referendum were relatively unchanged from the previous year. Despite experiencing a brief faltering of demand immediately after the vote, Taylor Wimpey reports business has […]
Autumn Statement 2016 “. . . A new chapter in our country’s history” In his first Autumn Statement, the new Chancellor of the Exchequer, Philip Hammond, boasted that the UK will be the fastest growing major economy in the world. He added that the Washington-based International Monetary Fund (IMF) stated it (the UK economy) had […]
UK ECONOMY EXPANDS 0.5% IN Q3 Recent data from the Office for National Statistics (ONS) estimates that the UK economy expanded by 0.5% in Q3 2016. Although slower than the 0.7% growth rate experienced in the second quarter, this was stronger growth than many analysts estimated, reducing expectations of an interest rate cut at the […]
