Following Labour’s significant electoral win, housebuilder stocks experienced notable gains. Key players in the sector, such as Vistry, Persimmon, Taylor Wimpey, Barratt, and Crest Nicholson, saw their share prices rise. RBC Capital Markets Commentary: RBC Capital...
The Halifax House Price Index for June 2024 can be seen here, and the key statistics are: Average House Price: £288,455 (compared to £288,931 in May) Monthly Change: -0.2% Quarterly Change: -0.5% Annual Change: +1.6% Commentary from Amanda Bryden, Head of Mortgages,...
Whilst Labour won a large majority of 64% of the seats, they achieved it with just 34% of the people who voted supporting Labour. And in their turn, only 60% of people bothered to vote, which means that (approx) 20% of the populous gave Labour their thumping majority....
Following the General Election, Angela Rayner has been appointed Levelling Up Secretary with responsibility for housing - a role she has in addition to being Deputy Prime Minister. There is no news yet on who the housing minister will be - a key role for implementing...
The Bank of England’s monthly statistics for May provide detailed insights into the trends and developments in borrowing and deposits by households and businesses. These statistics are crucial for understanding the broader economic conditions in the UK. Key Highlights...
If Labour wins the upcoming General Election, there are anticipated to be three major housing policy announcements within a fortnight, according to the Sunday Times, which recently endorsed Labour. 1. National Planning Policy Framework (NPPF) Labour plans to reinstate...
A lettings agency, Leaders Romans Group (LRG), which broadly supports the Renters Reform Bill, has expressed concerns over Labour's intention to scrap Section 21 "on day one" of a Labour government. The national lettings director, Allison Thompson, highlighted these...
Charlie Nunn, the CEO of Lloyds Banking Group, has provided a cautionary outlook on interest rates, suggesting that rates between 3.5% and 4.5% will become the new normal. He emphasized that the era of mortgage rates in the range of 1.5% to 2.5% is unlikely to return....
The Labour Party has announced that it will reduce the Stamp Duty exemption threshold for first-time buyers from £425,000 to £300,000 if it wins the upcoming General Election. This change reverses a policy introduced by the Conservative Government in 2022, which had...
Planning System Challenges Affecting UK Investment in Life Sciences In an interview with the BBC, Dave Ricks, CEO of Eli Lilly, the world's most valuable pharmaceutical company, highlighted significant issues with the UK's planning system that deter investment. He...
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The reported plan by Chancellor Rachel Reeves to allow social rents to rise annually by the Consumer Price Index (CPI)...