According to the Halifax average house prices rose last month by 1.9% to an average price of £166,000. Can we really trust figures from any BOS owned business?
If this is true which we strongly doubt, this would have serious effect upon the first time buyer market and is not the desired outcome of the recent macro and fiscal policies.
With the Bank of England Steeing commitee meeting today to discuss Interest Rate adjustments we can see at least a quarter percent movement south to stop this inflation. This will of course seriously affect pensioners and others on fixed incomes who rely upon their savings.
Furthermore redundancies are increasing daily with 500 job losses announced today at Ford Swaythling – the home of the Transit……
Await the Chancellors news with Interest…..