The Bank of England has halted its Quantitative Easing program after having placed £200bn into the UK economy, though it has not ruled out further asset purchases. They also announced today that they are keeping interest rates the same at 0.5% for the 11th consecutive month.
CEBR revises forecast of growth to 6pc in 2010
February 1, 2010 – 3:27 pm
The Centre for Economics and Business Research has revised its forecasts for British house price growth to 6 percent in 2010. This is revised from growth of between 2pc and 4pc made a month ago. They also expect growth of 20pc between today and 2013.
Nationwide House prices indices: 1.2% rise in January
February 1, 2010 – 1:43 pm
Nationwide house price indices released on 27 Jan 2010 record that house prices rose by 1.2% in January and 8.6% year-on-year.
UK economy out of recession
February 1, 2010 – 1:37 pm
Figures from the Office of National Statistics released last week showed that the UK economy had grown by 0.1% in the last quarter of 2009, following six consecutive quarters of contraction. The growth figures however were lower than some were expecting, but ends the longest ever UK recession on record.
