The Chancellor’s Budget boosts fiscal headroom, maintains tax pledges and forecasts stronger growth with falling inflation. “We are rebuilding our economy” Chancellor of the Exchequer Rachel Reeves delivered her second Budget on 26 November, declaring “We are rebuilding our economy.” The fiscal update includes a series of new tax and spending measures – some of which had been announced or trailed prior Read More
Residential Property Review November 2025
UK housing data forecasts point to gradual growth, improving affordability and rising transactions Savills forecasts slow house price growth through 2026, accelerating sharply from 2027 as rates ease and economic stability improves Nationwide and Bank of England data show early recovery signals, with rising prices, stronger borrowing and increasing mortgage approvals HMRC reports rising property transactions, reflecting steady market resilience Read More
Economic Review – October 2025
In our Economic Review of October – there were signs of renewed momentum for the UK economy, with modest GDP growth, steady inflation and improving business confidence. Global markets responded positively to strong corporate earnings and easing trade tensions, while attention now turns to the upcoming Autumn Budget. UK GDP edged up 0.1% in August, supported by stronger manufacturing output Read More
Residential Property Review October 2025
Residential market subdued The housing market showed signs of subdued growth in September, according to the latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS). The report revealed that new buyer enquiries fell for the third consecutive month, with a net balance of -19% in September. Sales activity also remained in negative territory at -16%, although Read More
Economic Review – September 2025
UK inflation remained at an 18-month high of 3.8% in August, driven by food prices. Above the BoE 2% target UK GDP growth fell to 0.2% in the three months to July and output failed to grow at all in July In the UK jobs market payrolls fell for the seventh consecutive month and wage growth slowed to the Read More
Residential Property Review September 2025
Housing market outlook According to Savills, housing market performance for the rest of the year is dependent on the Autumn Budget, with many speculating that the Chancellor will announce changes to Stamp Duty and Capital Gains Tax. This uncertainty may slow down market activity up to 26 November, as buyers and sellers wait to see what Rachel Reeves has in Read More
Economic Review August 2025
UK GDP growth outperformed expectations in Q2, but fragile demand raises concerns over sustainability into autumn Bank of England cut rates to 4%, yet divisions among policymakers signal slower easing ahead Inflation climbed to 3.8% in July, with rising transport, food and energy costs fuelling pressure UK growth rate beats expectations Second quarter data released last month by the Read More
Residential Property Review August 2025
Another reduction to Bank Rate In its August meeting, the Bank of England (BoE) voted to reduce Bank Rate from 4.25% to 4%. This is the fifth cut since August 2024 and the lowest level in over two years. The decision may have come as a surprise to some, as inflation rose to 3.6% in June and 3.8% in July Read More
