Retail sales across Britain rose by 0.5% in April after sliding in March, as high inflation hits the mortgage markets
UK homeowners and first-time buyers warned to brace for 5%-plus mortgage rates
Chancellor Jeremy Hunt has pledged to support the Bank of England’s decisions on interest rates, even if rising mortgage costs push the UK into a recession.
Hunt told Sky News there could be no trade-off between cutting inflation and the risk of provoking a recession, arguing that the “only path to sustainable growth” is to bring down the high prices behind the cost-of-living crisis.
“Yes, because in the end, inflation is a source of instability.”
“If we want to have prosperity, if we want to grow the economy, if we want to reduce the risk of recession, we have to support the Bank of England in the difficult decisions that they take.”
“We will deliver this task and we will make sure that the government plays its part, the Bank of England plays its part. But it is not a trade-off between tackling inflation and recession. In the end the only path to sustainable growth is to bring down inflation.”
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 19:59
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 19:56
Data from HMRC shows that UK residential transactions fell 32% YoY in April. The latest #inflation figures have cau… https://t.co/LfwMfZIg61
Posted on: 2023-05-31 19:54
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 19:49
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 19:41
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 19:17
RT @ExpressMoney_: Some lenders are still offering below average #mortgage rates of 4.1% https://t.co/6tFfHOJbwj
Posted on: 2023-05-31 19:13
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 19:08
House sales and purchases dropped by a quarter in year to April, official figures show, as higher mortgage rates co… https://t.co/idMQoG7c0t
Posted on: 2023-05-31 18:53
Why homeowners will have to accept 5% mortgage rates are the new normal https://t.co/tycDZ5OtjW
Posted on: 2023-05-31 18:45
It going to be a global recession. ‘Britain braces for recession as higher rates squeeze mortgage holders’ https://t.co/70KtfejtBW
Posted on: 2023-05-31 18:43
Britain braces for recession as higher rates squeeze mortgage holders https://t.co/pOpdT4R8Ki
Posted on: 2023-05-31 18:39
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 18:33
Britain braces for recession as higher rates squeeze mortgage holders https://t.co/1m2PQxwQlL via @Yahoo
Posted on: 2023-05-31 18:32
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 18:25
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 17:59
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 17:52
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 17:51
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 17:50
RT @NjeriBt: There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc is the bot…
Posted on: 2023-05-31 17:49
There's no housing crisis in KE. The market is flooded with properties. Affordability, mortgage interest rates, etc… https://t.co/IeLEG7Saix
Posted on: 2023-05-31 17:49
@Oates1592 @dmcbfs Why wouldn't savings be xfered at current rates? Pensions in the south are higher so pensioners… https://t.co/iIstHNgYTg
Posted on: 2023-05-31 17:47
Demand for homes is at its highest level since October 2022. Mortgage rates remain at 4% and are expected to decre… https://t.co/ZnXqPXnM3m
Posted on: 2023-05-31 17:00
Demand for homes is at its highest level since October 2022. Mortgage rates remain at 4% and are expected to decre… https://t.co/ZpWeVzmnx0
Posted on: 2023-05-31 17:00
Mortgage rates are still falling, with the best buy deals currently available at rates of less than 4%.* Contact ou… https://t.co/EZl7dT6Ih0
Posted on: 2023-05-31 17:00
Housing activity fell by 25% in April, according to HMRC https://t.co/ScwySLjklk via https://t.co/HEw1uQE9Rp
Posted on: 2023-05-31 16:50
RT @Telegraph: 🔴 Around half of UK mortgage holders will see their rates increase this year as the country heads towards a recession, Moody…
Posted on: 2023-05-31 16:42
Average mortgage rates creep up as lenders react to ‘higher-than-anticipated inflation’– Rightmove -… https://t.co/8bAuOsN4gY
Posted on: 2023-05-31 16:16