London property prices at close to record levels
16th May 2011 by Simret
Fewer sellers, the bonus season and overseas demand are all pushing London property prices to just £77 off the all-time high hit in April last year.
UK economy grows by 0.5% in Q1
27th April 2011 by Simret
The UK economy grew by 0.5% in the first quarter of the year, down slightly on economists’ estimates, the Office for National Statistics (ONS) said today. Continue Reading »
Coutts tightens mortgage criteria to exclude non-millionaires
19th April 2011 by Simret
Coutts, the private banking arm of RBS, has changed its lending criteria for mortgage clients who will need to have £1m of investable assets before it considers applications. Continue Reading »
Inflation dips to 4% in March
12th April 2011 by Simret
Inflation fell by 0.4% to 4% in March as the cost of food and drink lowered, but was still double the Bank of England’s target. Continue Reading »
Stamp Duty rise ‘will have little impact’
6th April 2011 by Simret
Stamp Duty has risen to 5% for residential properties valued at more than £1m from today, but the increase will not seriously affect the housing market, experts have said. Continue Reading »
Downbeat BCC report pressures Bank ahead of rate call
5th April 2011 by Simret
The first-quarter rebound in the UK economy was weaker than expected, a survey suggests, adding to a growing consensus the Bank of England should again delay raising interest rates this week. Continue Reading »
Industry is urging the Bank of England’s Monetary Policy Committee (MPC) to leave rates on hold at Thursday’s decision-making meeting. Continue Reading »
Middle class insolvencies on the rise
30th March 2011 by Simret
Overall personal insolvencies dropped slightly in 2010, but increased among the middle classes, research has shown. Continue Reading »
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