Month: April 2013

UK Inflation Unchanged At 2.8% In March

The consumer prices index has remained unchanged at 2.8 per cent in March, according to figures from the Office for National Statistics. The largest upward contribution came from the recreation and culture sector where there were price rises for audio-visual

House Prices Up 1.9% Year-On-Year In February

The average UK house price rose 1.9 per cent over the 12 months to February, according to data released today by the Office for National Statistics. The average house price was £233,000 in February, down 2.1 per cent from £238,000

Housing Market At Three Year High

Activity in the UK housing market has hit a three-year high, surveyors report, offering hopes of a revival that would help the economic recovery. Chartered surveyors handled an average of 17.4 home sales over the last three months, according to

MPC Holds Base Rate & QE

The Bank of England’s Monetary Policy Committee has decided to hold base rate at 0.5 per cent and its programme of quantitative easing at £375bn. The base rate has now been held at 0.5 per cent for over four years,

Bank Of England Predicts Mortgage Rate Reductions

Banks and buildings societies are likely to make fresh cuts to mortgage rates, according to the Bank of England. The latest poll of lenders found that many mortgage deals became “significantly” cheaper between January and March. Lenders also indicated they

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