Interest rate rises to HIGHEST since 2009…what does this mean for the housing market?

A positive set of economic data, which in particular reflects a healthy labour market with unemployment at its lowest level for 42 years and the number of positions vacant at a record high, together with inflation stubbornly sat at 2.4 per cent for the last couple of months, pushed the Bank to move the rate upwards towards more normalised levels. Mr Haldane notably recommended last month that the interest rate should increase. Whilst the Bank Rate held in June, the unanimous vote amongst the Monetary Policy Commission (MPC) this month…

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Council tax rises: Homeowners to be hit with leap in bills as local councils raise prices | Property | Life & Style

Council tax is a fact of life in the UK, with homeowners and renters alike having to pay the yearly bill. April 2018 is set to be a tricky one for households as many local authorities massively increase their charges. Council tax can rise by there per cent this April, in line with inflation. Lord Porter, the chairman of the Local Government Association, said some councils were on the verge of “collapse” if more funding was not found soon. How much could council tax rise by? Local Government Secretary Sajid…

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