Bank of England Raises Interest Rate to 1%
May 5, 2022
A tweet out from official Bank of England Twitter account stated:
“Higher energy and goods prices have pushed inflation to 7%, and we expect inflation to rise further to around 10% this year. We’ve put up interest rates to help inflation return to our 2% target. We may need to increase interest rates further in the coming months. But that all depends on what happens in the economy.” source Twitter
You May Also Enjoy
Propertymark Annual Sales Price Report 2025
With housing being a fundamental need and playing a vital role in the UK economy, a strong housing market is a vital factor, this report examines the strength of the housing market and looks at average prices year on year. Headline figures The entire of 2024 vs 2025 The number of properties placed for sale…
Read More 
Lloyds reveals its 2025 housing hot spots
Plymouth property prices up +12.6% over the past year Hull joins the top 10, up +6.5%, and fresh from being named a 2026 ‘Best of the World’ destination by National Geographic Value of a London home dipped slightly (-0.1%) but remain the most expensive overall, averaging £574,514 Amanda Bryden, Head of Mortgages…
Read More 
2025: A landmark year for UK renters and homebuyers – what consumers need to know
From major rental reforms to new powers tackling unsafe or empty buildings, 2025 has become one of the most transformative years for housing across the UK. Whether renting, buying, or managing a property, millions of people will feel the effects of the changes rolling out nation by nation. Propertymark has broken down what these changes…
Read More 
Are ‘for sale’ boards becoming obsolete?
Earlier this year, Westminster Council announced that it would apply to ban estate agents from displaying sales boards outside residential properties in the local area; now, Epping Forest Council is the latest to follow suit. With this in mind, Jack Malnick, Property Expert and Managing Director at Sell House Fast has shared his thoughts on…
Read More 
A More Affordable Christmas for Homebuyers
The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that – despite the government failing to leave any affordability-focused initiatives under the tree in the recent Autumn Budget – this Christmas is shaping up to be a far more positive one for the nation’s homebuyers, as borrowers entering the market today are benefitting…
Read More 
Most active property markets in 2025 revealed
Scotland and Yorkshire home to UK’s most active property markets in 2025 The latest research from The Property DriveBuy reveals that Scotland and Yorkshire have been home to the UK’s most active housing markets in 2025, with Birmingham, Somerset, Cornwall and Buckinghamshire also ranking within the top 10. The Property DriveBuy has analysed the latest…
Read More