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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 – 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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Autumn Budget October 2018

Philip Hammond, the Chancellor of the Exchequer, delivered a Budget which he declared “shows the British people that their hard work is paying off”. Mr Hammond was under intense pressure to loosen the purse strings. He did announce several new cash injections while suggesting that “the era of austerity is finally coming to an end”.…

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Economic Review – September 2018

Growth picks up but BREXIT fears loom large Retail sales rise strongly Markets Inflation rises to six month high Wage growth picks up over summer months Growth picks up but BREXIT fears loom large Although the UK economy recently recorded its fastest rate of growth in almost a year, Brexit-related uncertainties continue to cast a…

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Property Market Review – September 2018

Timely spike in remortgaging ahead of base-rate rise Just ahead of the Bank of England’s decision to raise the base rate by a further 0.25%, the second quarter of 2018 saw over three quarters of remortgaging applications via intermediaries result in a completion. The ‘Mortgage Market Tracker’ released by the Intermediary Mortgage Lenders Association (IMLA)…

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Economic Review – May 2018

Bank of England expects economy to bounce back Labour market remains tight Markets Inflation drops to 13-month low Governor issues disorderly Brexit warning Bank of England expects the economy to bounce back Updated Bank of England (BoE) forecasts suggest the UK economy is set to bounce back in the second quarter of 2018, despite continuing…

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