The Bank of England’s Monetary Committe have annouced their decision to keep the base rate at 0.5% for yet another month. With the UK still with an unconfirmed Government, the decision to keep the base rate at the same level was as expected.
News
Alistair Darling’s Budget 2010: change to Stamp Duty
March 25, 2010 – 12:05 pm
Alistair Darling announced as part of the budget that Stamp duty is to be scrapped on homes selling for under £250,000 however only for those buying their first home. Stamp duty however is to be increased to 5% on residential purchases over £1m. These changes will take effect from April 2011.
Market Commentary for the RICS Business magazine
March 16, 2010 – 2:15 pm
Huntly Hooper was asked for their views on the London property market over the course of 2010 for an opinions section of the RICS Business magazine out in March. The same commentary can be found on this website.
Quantitative Easing ends. Interest rates remain at 0.5%
February 4, 2010 – 2:33 pm
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.
