Finance
Bank of England holds rates at 4.25%
June 19, 2025
The Bank of England has held the Bank Rate at 4.25% following a 6–3 MPC vote, with three members preferring a 0.25% cut. Twelve-month CPI inflation rose to 3.4% in May, up from 2.6% in March. More
Bank of England cuts interest rates to 4.25%
May 8, 2025
The Bank of England’s Monetary Policy Committee has reduced interest rates from 4.5% to 4.25%. Twelve month CPI inflation fell from 2.8% in March 2025 to 2.6% in March 2025. More
Bank Rate held at 4.5%
March 20, 2025
The Montetary Policy Committee at the Bank of England voted by a majority of 8 to 1 to maintain the Bank Rate at 4.5%. One member voted to reduce it to 4.25%. More
Halifax House Price Index indicates steady prices in February
March 7, 2025
Halifax reported that UK house prices dipped slightly by -0.1% in February 2025 to £298,602, with annual growth holding steady at +2.9%. London saw its growth ease to +1.6% (from +2.6% in January), with average prices at £545,183. More
Nationwide reports house price growth in February
February 25, 2025
Nationwide reported UK house prices rose by 0.4% month-on-month in February 2025, with annual growth steady at 3.9%. The average house price reached £270,493. More
Bank of England reduces interest rate to 4.5%
February 6, 2025
The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to reduce the Bank Rate from 4.75% to 4.5%. CPI inflation was 2.5% in the fourth quarter of 2024, and GDP growth since the last meeting was weaker than expected. More
UK house prices rise 4.7% in 2024 according to Nationwide
December 31, 2024
House prices in the UK rose by 4.7% in December 2024 compared to a year earlier, with northern regions seeing higher prices than the southern regions. More
Bank of England maintains the Bank Rate at 4.75%
December 19, 2024
The Bank of England Monetary Policy Committee voted by a majority of 6 -3 to keep the interest rates at 4.75%, with 3 members preferring a reduction to 4.5%. The 12 month CPI inflation figure increased from 1.7% in September to 2.6% in November. More
ONS reveals record private rent increase in London in year to November 2024
December 18, 2024
The Office for National Statistics (ONS) data shows average UK private rents rose 9.1% to £1,319 in the 12 months to November 2024. London saw the highest annual increase at 11.6%, a record rise for the capital, pushing average monthly rent to £2,206. More
