Property Investment News and Analysis from Dominic Farrell.
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View Article  UK inflation holds steady at 2.1%

UK 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 »

View Article  CBI cuts economy growth forecast to 2pc

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 »

View Article  House prices drop by 3.2% 'on Hips effect'

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 »

View Article  Chancellor's CGT delay attacked

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 »

View Article  UK unemployment continues to fall

The number of people seeking jobless benefits in the UK has fallen to a 32-year low, according to data from the Office for National Statistics.

The number claiming jobseeker's allowance fell by 11,100 in November to 813,000, the lowest since June 1975.

Total unemployment, including those not claiming benefit, fell ...   more »