UK Housing Market Update UK RICS Residential Market Survey (Mar. 24) Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand... 10th April 2024 · 3 mins read
UK Economics Chart Pack UK Economics Chart Pack (Apr. 2024) The bigger-than-expected fall in CPI inflation in February was the second in as many months, and together with the Bank of England’s clearer hints that it is getting close to cutting interest rates... 9th April 2024 · 1 min read
UK Economics Update BoE should start publishing interest rate projections The Bernanke review of the Bank of England’s forecasting and communications will probably recommend the Bank illustrates the risks around its forecasts using alternative scenarios rather than fan... 8th April 2024 · 7 mins read
UK Housing Market Update How much should we read into the collapse in starts? The further slump in housing starts in Q4 was a surprise, but timelier data and leading indicators suggest activity has since begun to recover. We are therefore happy with our forecast of a gradual... 5th April 2024 · 2 mins read
UK Economics Weekly Upturn in money growth tallies with stronger activity Whether you’re a monetarist or not, it’s hard to ignore that the surge and plunge in the money supply preceded the surge and plunge in inflation. An imminent rebound in the money supply supports the... 5th April 2024 · 7 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Mar. 24) The headline CIPS construction PMI rose to 50.2 in February, the first time it has risen above the no change level since August last year. The rise was driven small improvements across the housing... 5th April 2024 · 1 min read
UK Housing Market Rapid Response UK Halifax House Prices (Mar. 24) The first decline in the Halifax House price Index in six months confirmed that the slight rise in mortgage rates since the start of the year has caused house prices to stall. 5th April 2024 · 2 mins read
UK Markets Chart Pack UK Markets Chart Pack (Apr. 2024) The recent easing in price pressures and the Bank of England's new-found dovish slant has convinced investors that interest rates will be cut a bit further over the next two years. But we still think... 3rd April 2024 · 1 min read
Climate Economics Update Governments can accelerate green jobs shift While the number of “green” jobs in the UK rose strongly in 2022, it’s worth noting that green workers were still outnumbered by estate agents! Market forces are facilitating the transition to a... 2nd April 2024 · 3 mins read
UK Commercial Property Rapid Response Lending to commercial property (Feb. 24) 2nd April 2024 · 1 min read
UK Economics Rapid Response UK Money & Credit (Feb. 2024) February’s money and credit figures show the dip in mortgage rates at the start of the year boosted mortgage approvals to a 17-month high. This is unlikely to continue in the near term. But if we’re... 2nd April 2024 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (March 2024) The 0.2% m/m fall in the Nationwide house price index in March (consensus: +0.3%, CE: +0.2%) suggested that the rise in mortgage rates since the turn of the year has caused house prices to stall. That... 2nd April 2024 · 1 min read
UK Economics Weekly Why interest rate cuts may crimp household income It’s unusual that higher interest rates have directly boosted household incomes by raising the amount of interest households have received on their savings by more than the interest they have paid on... 28th March 2024 · 4 mins read