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Spring Statement – 2019

We have huge opportunities ahead of us The Economy Employment and Wages Public spending and technology Housing Environment Other news Closing comments Forthcoming consultations, reviews and regulations Personal taxation changes announced at the Autumn 2018 Budget “We have huge opportunities ahead of us” Chancellor of the Exchequer Philip Hammond stood up in Parliament at 12.43pm…

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Economic Review — February 2019

MPs secure no-deal BREXIT veto Chancellor receives timely defecit boost Markets Employment rises to new record high UK Economy suffers slowdown   MPs secure no-deal BREXIT veto With less than four weeks until Brexit day, parliamentary gridlock means it remains unclear whether the UK will leave the EU as scheduled, or whether the Brexit process…

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Property Market Review December 2018

Residential property review – February 2019

January sees an increase in residential property listings Buy-to-Let landlords seen to exit the marketplace Prime Scottish property outperforms January sees an increase in residential property listings The start of 2019 has seen a strong revival in the number of properties being listed for sale on the market, according to an index compiled by online…

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Economic Review – January 2019

Brexit clock ticking down UK growth at six-month low Markets UK consumers rein in spending Wage rises continue to outpace inflation Brexit clock ticking down Following another month of political shenanigans, it still remains distinctly unclear whether Theresa May will be in a position to deliver an orderly Brexit on 29 March 2019. Delivering Brexit…

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Property Market Review December 2018

Residential Property Review – January 2019

Residential market activity declines In their latest ‘UK Residential Market Survey’, the Royal Institution of Chartered Surveyors have reported weaker market activity, with both supply and demand retreating into negative territory. Their data suggests this trend will continue into the first quarter of 2019. However, they also believe that a “more stable trend is expected…

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Economic Review – December 2018

What next in the BREXIT saga? Bank cuts UK growth forecast Markets Pay growth strongest for a decade Inflationary pressures ease What next in the BREXIT saga? With less than three months to the country’s scheduled EU departure, it remains unclear whether the UK will leave with an amicable deal, crash out with no deal…

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Property Market Review December 2018

Residential property review – December 2018

Government revenue from Stamp Duty falls by 10% HM Revenue and Customs (HMRC) have stated that Stamp Duty revenue from residential property sales in Q3 2018 has fallen from the £2.605bn seen in the same period of 2017, to £2.347bn in 2018, as the number of properties liable to tax fell from 302,700 to 279,500.…

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Economic Review – November 2018

Mays BREXIT D-Day looms BREXIT holds monetary policy key Markets Economy grows strongly but slowdown expected Mild Autumn hits retail sales Mays BREXIT D-Day looms After 20 months of negotiations Theresa May finally secured a deal on the terms of the UK’s departure from the EU; but whether she has sufficient parliamentary support for her…

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Property Market Review December 2018

Residential Property Review – November 2018

How did the last budget affect the market? The Chancellor of the Exchequer, Philip Hammond extolled his latest budget to the nation in October, but how did his announcements affect the residential property market? Encouragingly, his comments boded well: “The Government is determined to fix the broken housing market. Building more homes in the right…

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Economic Review

Economic Review – October 2018

Does the budget signal an end to austerity? OBR forecasts modest UK Growth profile Markets Wage growth strongest in almost a decade Business optimism falters amid BREXIT uncertainties Does the budget signal an end to austerity? Philip Hammond used his Autumn Budget Statement to declare: “the era of austerity is finally coming to an end”.…

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