Budget 2013: The headlines

Budget 2013 the headlinesGeorge Osborne’s day started with him joining Twitter, whilst in a controversial development his budget was published in the London Evening Standard even before he took to his feet. This was Mr Osborne’s fourth budget since becoming Chancellor and started in a combative tone saying: “This was a Budget for people who aspire to work hard and get on”, that he was “putting right what went so badly wrong” and he was “slowly but surely fixing the problems”. He also recognised that “progress had been ...

Housing & mortgage round up: Halifax house prices figures and a rise in mortgage fraud

Halifax house prices figures and a rise in mortgage fraudIn a week dominated by the Autumn Statement it’s been pretty quiet on the housing front, although we can bring you the latest Halifax house price figures and also news of a worrying rise in the level of mortgage fraud. Latest Halifax house price survey: A stable or stagnant market? Last week we had figures from the Nationwide, this week it’s the turn of the Halifax to release their house price data for November. According ...

No surprises as interest rates and QE remain on hold

No surprises as interest rates and QE remain on holdNo one expected the Bank of England’s Monetary Policy Committee to change interest rates today, or indeed increase the size of the existing £375 billion program of Quantitative Easing (QE), and we were not surprised when no changes were announced this lunchtime. Interest rates on hold The Bank has left base rate at 0.5% since March 2009 and despite the UK officially coming out of recession between July and September there are no signs ...

Autumn Statement 2012: The headlines

George Osborne 150pxToday’s Autumn Statement by Chancellor. George Osborne, had the distinct feel of a full on Budget, with wide ranging measures that will affect pension savers, business owners, employees, and pensioners. Despite admitting that he will miss one of the key targets he’d previously set, the Chancellor began his Autumn Statement in a bullish fashion, saying: “Our economy is healing”, “Britain is on the right track” and “Turning back now would be a disaster.”...