Property Investment News and Analysis from Jet-to-Let Magazine

inflation held steady at 2.1 per cent in November despite fears it would be fuelled by rising food and fuel prices, giving the Bank of England more leeway to cut interest rates if the economy slows rapidly at the start of next year.

The Office for National Statistics ... more »

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Monday, December 17

CBI cuts economy growth forecast to 2pc

by Jet-to-Let Magazine on Mon 17 Dec 2007 14:26 GMT

The CBI employers' organisation has cut its forecast for UK economic growth for the third consecutive quarter due to the turmoil in financial markets and soaring oil prices. In a report out today, the business group said it now expects GDP growth of just 2pc next year, down from its ... more »

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House prices drop by 3.2% 'on Hips effect'

by Jet-to-Let Magazine on Mon 17 Dec 2007 14:24 GMT

UK house prices fell by 3.2% in December, as seasonal factors and the full roll-out of home information packs (Hips) took their toll on an already slowing market, property website Rightmove claimed today.

The website's latest survey of asking prices showed a dramatic fall from an average of £239,986 ... more »

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Friday, December 14

Chancellor's CGT delay attacked

by Jet-to-Let Magazine on Fri 14 Dec 2007 17:19 GMT

Alistair Darling faced a barrage of criticism after revealing that he would not clarify his capital gains tax plans until the new year.

Speaking in the Commons, the Chancellor said that the capital gains tax concessions being discussed with the business community were "quite complex" and he would not now ... more »

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