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Housebuilder issues profit warning as interest rate cut delay hits market demand

Sky News Thursday, 13 June 2024
Demand in the housing market tailed off last month as hopes of a Bank of England rate cut faded, according to an industry report released just hours before a major housebuilder issued a profit warning.
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Bank of England Bank of England Central bank of the United Kingdom

Bank of England issues mortgage rate warning to 4.4 million homes and sounds Trump trade alarm

 Around half the UK's mortgage holders face paying higher rates over the next three years, the Bank of England has warned, as its battle against inflation..
Sky News
Andrew Bailey: UK must ‘rebuild relations’ following Brexit [Video]

Andrew Bailey: UK must ‘rebuild relations’ following Brexit

The governor of the Bank of England said that the UK must “welcome opportunities to rebuild relations” following Brexit, as he backs the Chancellor’s plans to boost business investment and growth. Andrew Bailey discussed the importance of economic growth at the annual Mansion House speech in the City of London. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:55Published

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