“Our plan for the British economy is working” On 22 November, Chancellor of the Exchequer Jeremy Hunt unveiled the government’s latest tax and spending plans saying “we back British business” announcing 110 growth measures which he said would boost business investment by £20bn a year. The Chancellor said the government had taken difficult decisions to […]
Author archives: charlie
News in Review
“We are beginning to win the battle against inflation” Some positive economic news was delivered last week in the form of better-than-expected inflation data for October. The latest official release from the Office for National Statistics (ONS) revealed that in the 12 months to October, the Consumer Prices Index (CPI) rose by 4.6%, down from […]
Residential Property Review – November 2023
Residential supply and demand less downbeat According to the Royal Institution of Chartered Surveyors (RICS) October UK Residential Market Survey, demand is still falling faster than supply. New buyer enquiries posted a net balance of -28% during October, marking eighteen successive months in which this indicator has been in negative territory. Nevertheless, the latest reading […]
Commercial Property Review – November 2023
ESG credentials come to the fore in the industrial and logistics sector November’s UK Commercial Market in Minutes from Savills has highlighted the continued robustness in the industrial and logistics sector, despite a reduction in take-up during the year due to economic uncertainty. The weaker demand has given warehouse space occupiers the opportunity to be […]
News in Review
“The UK economy has stagnated again in recent months” Last Friday, UK growth figures from the Office for National Statistics (ONS) showed that the economy is estimated to have shown no growth in the third quarter of the year, following an increase of 0.2% in Q2. UK gross domestic product (GDP) is estimated to have […]
Economic Review – October 2023
Inflation rate holds steady The Bank of England (BoE) Governor has described the latest batch of inflation statistics as “quite encouraging,” adding that he expects a “noticeable drop” in the headline rate when the next set of data is released later this month. Figures recently published by the Office for National Statistics (ONS) revealed that […]
News in Review
“AI will bring new knowledge, new opportunities for economic growth… and the chance to solve problems we once thought beyond us” Ahead of this week’s first ever Artificial Intelligence (AI) Safety Summit at Bletchley Park, Rishi Sunak delivered a speech last Thursday on the global responsibility required to address and build a shared understanding of […]
News in Review
“The near-term outlook for prices is now more mixed” The latest UK inflation data for September was released by the Office for National Statistics (ONS) last week, disclosing that the overall Consumer Prices Index (CPI) rate unexpectedly remained at 6.7%, ending three consecutive monthly declines. This clearly exemplifies that the battle with inflation is still […]
Residential Property Review – October 2023
Conditions remain challenging The residential sales market continues to be challenging, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with demand, sales, instructions, and prices remaining in negative territory. At a national level, new buyer enquiries recorded a net balance of -39% in September, which although weak, is […]
Commercial Property Review – October 2023
Industrial and warehouse space in demand New analysis has highlighted that the most in-demand UK commercial property sector currently is industrial/warehouse space, as companies look to facilitate and improve their ability to deliver online purchases to customers as efficiently as possible. According to data from Sirius Property Finance, buyer demand for hospitality and leisure assets […]