Prospect of rate cut moves closer While last month once again saw the Bank of England (BoE) leave interest rates unchanged at a 16-year high, the minutes to the Bank’s Monetary Policy Committee (MPC) meeting signalled a notable change in tone and economists now view a rate cut as the most likely outcome when the … Continue reading “Economic Review – June 2024”
Residential Property Review – June 2024
Housing market update The UK housing market continues to show modest signs of recovery, according to the latest data from Savills. Despite some house price growth, a significant upturn is considered unlikely until mortgage affordability improves. Buyer activity continues to improve, as the number of sales agreed in May was 10% higher than the … Continue reading “Residential Property Review – June 2024”
Economic Review – May 2024
UK growth rate at two-year high Last month’s release of first-quarter gross domestic product (GDP) statistics confirmed the UK economy has now exited the shallow recession entered during the latter half of last year, while survey evidence suggests private sector output has continued to expand across the past two months. The latest GDP data published … Continue reading “Economic Review – May 2024”
Residential Property Review – May 2024
Housing market latest The property market continues to find its feet after a difficult 2023, with buyers remaining cautious due to the higher cost of borrowing. Mortgage rates may not be as high as they were last summer, but they are still elevated. While most experts agree that Bank Rate will be cut this … Continue reading “Residential Property Review – May 2024”
Nexus Adviser Fly Fishing for Team England
We’re very proud to wish Nexus IFA adviser John Piper and the rest of the England Fly Fishing Team good luck next week at the Spring Match 2024 international competition at Lough Ennell, Ireland.
Economic Review – April 2024
UK economic recovery gains momentum Official statistics published last month showed the UK economy returned to growth in the first two months of 2024, while more recent survey data suggests the recovery from last year’s shallow recession continues to gather momentum. The latest gross domestic product (GDP) figures released by the Office for National Statistics … Continue reading “Economic Review – April 2024”
Residential Property Review – April 2024
Upcoming election has not discouraged potential movers A survey by Savills has found that the prospect of the UK General Election has not put off the majority of home movers. According to the report, 79% of respondents have not changed their intentions to move because of the UK election; in fact, 13% said that they … Continue reading “Residential Property Review – April 2024”
Economic Review – March 2024
Short-term growth forecasts upgraded New economic predictions produced by the Office for Budget Responsibility (OBR) suggest the UK economy is set to grow by more than previously expected over the course of the next two years. Chancellor Jeremy Hunt unveiled the independent fiscal watchdog’s latest forecasts during his Spring Budget delivered to the House of … Continue reading “Economic Review – March 2024”
