With inflation in the UK running at 2.4 percent the likelihood of the Bank of England increasing interest rates by at least a quarter percent to 5 percent is pretty much on the cards in four days time. Further support for a rate increase came from an unlikely source, the chief economist at the...
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For observers of the UK housing market there were more signs yesterday that the market is a bubble and that the country’s second largest lender, Abbey, may have precipitated the start of a crash. Recently the Spanish owned bank released figures from it’s own findings that nearly 7 million people in the UK cannot...
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The Nationwide bank stated that house prices cooled slightly in October, but still rose by an average of 0.7%. However, the latest three monthly forecast should an increase of 2.6% over the period – the fastest growth since September 2004. With the average price of a UK house now sitting around £169,623 it seems...
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Adobe may rue the day it encouraged its product managers to run online blogs from its own site. It seems that the latest musing of product manager John Nack have unleashed a torrent of articles across the net from angry Mac users, annoyed that the company strategy seems inconsistent and worse still John Nack...
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As indices in western markets regain past loses and march upwards it might be time to ponder and view the results in the light of current news on housing and the growth of interest rates across many of these markets – this article in BN provides a good succinct overview. Markets hit new highs,...
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