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Jan 16, 2025 · Bets are back on for an interest rate cut next month after inflation surprised many commentators by dropping to 2.5%. The Bank of England is set to announce its latest decision on 6 February, with economists now saying a cut from the …

18 hours ago · The chances of another Base Rate cut next month shrank on the news that the Consumer Price Index jumped to 3% rather than the expected 2.8%. Treasury Minister James Murray (pictured) conceded that the road to the Bank of England’s 2.0% inflation target would now be ‘bumpy’.. The rise has been blamed on the rising cost of meat, bread and cereals and higher private school fees.

Feb 12, 2025 · A significant number of property deals are set to fall through as thousands of first-time and other buyers fail to complete before the 31 March stamp duty deadline.

Breaking News. Big opportunity for agents as Labour reveals 100 new town bids; First time buyers hit record numbers ahead of Stamp Duty hike; Letting agency fined £10,000 for client money protection breach

Feb 6, 2025 · Today’s 0.25% reduction in the Base Rate and the prospect of further cuts have been welcomed by estate agents and will provide a major boost for both the property industry and the wider economy. And it will be given an even warmer welcome by Labour as it struggles to fulfil its growth pledge. The ...

Dec 20, 2024 · Yesterday’s decision by the Bank of England to hold its base rate at 4.75% has both perplexed and delighted the property industry in equal measure, comments from leading figures show.

Dec 5, 2024 · Buyers are using the looming Stamp Duty hike to negotiate better property deals, Hamptons claims. The average buyer who had an offer accepted last month negotiated a median discount of £5,000.

Mar 9, 2024 · T. hese latest indices are super-useful to everyone in the property market.. The reason being is they clearly show that all the predictions of the property market crashing in 2023 were, basically, very wrong! It’s great data to put out in a blog to consumers or on instructions to show them that the news headlines about crashes or booms really aren’t much use to them.

Aug 19, 2024 · Asking prices increased by 0.2 percent during July across England and Wales – the seventh consecutive monthly rise – and are now up 1.2% compared with 2023.