Economic Review March 2021

BoE: Outlook ‘unusually uncertain’ The Bank of England (BoE) has expressed growing confidence that a near-term recovery is gathering pace, although policymakers appear split over the country’s longer-term economic prospects. Gross domestic product (GDP) figures released by the Office for National Statistics (ONS) showed the UK economy shrank by 2.9% in January as the third … Continue reading “Economic Review March 2021”

Economic Review January 2021

Vaccinations provide economic hope Although recently released data has revealed a decline in UK economic activity, Bank of England (BoE) Governor Andrew Bailey, has expressed hopes that the vaccine roll-out programme will begin to spark a “pronounced recovery.” The latest gross domestic product (GDP) figures published by the Office for National Statistics (ONS) showed the … Continue reading “Economic Review January 2021”

How will house prices move in 2021?

Having hit an all-time high in December 2020, UK house prices once again stand on the brink of uncertainty. Will the fall, rise, stay the same – or something else? Despite being one of the most economically turbulent years in living memory, 2020 ended with UK house prices – almost incredibly – at a record … Continue reading “How will house prices move in 2021?”

Residential Property Review – December 2020

Positive start for property market in 2021 The property market is expected to start 2021 with a bang, according to experts. Low interest rates, combined with the imminent expiry of both the existing Help to Buy scheme and the Stamp Duty holiday, mean that the market is expected to be busier than ever going into … Continue reading “Residential Property Review – December 2020”

UK catches the property auction bug

Are Brits abandoning the estate agent for the auction house? This year nearly 40% more property by value has been sold at auction, compared to 2019. Leading provider Auction House has enjoyed a record October performance, having shifted £65m worth of property in that one month alone, while John Pye Property saw transactions more than … Continue reading “UK catches the property auction bug”

Are you in a pension savings risk group?

Belonging to an ethnic minority or being a home renter are just two of the factors putting people at risk of insufficient pension savings, according to a new report. We take a deeper look at who is more likely to be retirement-ready, and who may need to save harder. Worried about your current rate of … Continue reading “Are you in a pension savings risk group?”

Mortgage market makes ‘astonishing’ recovery

Since the start of the coronavirus outbreak, positive news about the mortgage market has been hard to come by. Instead, we’ve seen predictions of economic disaster, soaring unemployment rates and a deep property market slump. However, as lockdown restrictions eased, the outlook started to look more hopeful, though infection rates started to rise in early … Continue reading “Mortgage market makes ‘astonishing’ recovery”

Economic Review October 2020

UK recovery slows The latest gross domestic product (GDP) statistics show that, while the UK recovery did continue in August, the pace of growth has slowed and output still remains significantly below pre-coronavirus levels. Data published by the Office for National Statistics (ONS) revealed the UK economy grew by 2.1% in August. A significant proportion … Continue reading “Economic Review October 2020”

Lockdown 2: Can my business still use furlough?

The UK’s new nationwide restrictions – popularly known as the ‘second lockdown’ or ‘lockdown 2’ – mean that the furlough scheme that was due to end from the start of November will now be extended. The current plan is to continue it until at least until 2 December, though it may extend further if the … Continue reading “Lockdown 2: Can my business still use furlough?”

Can money worries remodel your brain?

Financial anxiety is a feature of many people’s daily lives at the moment. Hundreds of thousands of people have lost their jobs, while the end of the furlough scheme threatens the livelihoods of many more. Lying awake at night counting the pennies may cause more harm than just making you tired the next day. A … Continue reading “Can money worries remodel your brain?”