Articles
Rishi Sunak has two get-out-of-jail-free cards
As he navigates the post-pandemic recovery, Rishi Sunak has a difficult job toeing the line between public sentiment and financial spreadsheets.
Many public groups and systems require urgent funding to maintain service, clear backlogs and even avoid bankruptcy. UK healthcare and social care need £10 billion each, while railways and the judicial system both need a couple of billion. That’s not to forget education requiring just short of £6 billion for students to catch up, and a UK government promise to pensioners that will cost £4 billion each year.
House prices to soften?
An “inevitable” softening of house prices is expected this Autumn after the recent property market boom. Experts are predicting that come August, house prices won’t increase at the rate we have seen across England and Wales. This will correspond with the end of the Stamp Duty holiday and less urgency to get transactions over the line swiftly.
Home, hybrid or office workspaces?
As of July 19, white-collar workers across the UK were no longer subject to government restrictions. Anyone working in an office could return to their dusty desk and enjoy another degree of normality.
Inflated house prices wipe out Stamp Duty savings
The UK Government introduced a Stamp Duty holiday for some home buyers during the coronavirus pandemic as a way to stimulate the housing market. By reducing the land tax collected on property purchases for first-time buyers and below a set value, it was hoped that the market would be stabilised while in-person viewings were not possible.
Inflation surges to 2.1%
The rate of inflation has surged in the UK, surpassing the Bank of England’s target. By surpassing predictions, the Bank of England’s Monetary Policy Committee (MPC) may need to adjust existing strategies. Uncover the details about the surge in inflation in this short blog.
