....except they do appear to have come down today.Reeves lies yesterday were staggering. Base rate was always going to come down 2 x last year and was expected to fall more this year and quicker which is less likely now due to the budget
....except they do appear to have come down today.Reeves lies yesterday were staggering. Base rate was always going to come down 2 x last year and was expected to fall more this year and quicker which is less likely now due to the budget
I suppose the other thing to ask is 'if houses are lying empty and unsold - what is driving this narrative that we need loads more new housing?'
Quite right. We don’t have a housing shortage. We have an affordable housing shortage.Indeed. The narrative should be we ‘need loads more AFFORDABLE housing’
Indeed. The narrative should be we ‘need loads more AFFORDABLE housing’
Round here, the council have identified a need for smaller houses and affordable housing.Quite right. We don’t have a housing shortage. We have an affordable housing shortage.
With a balcony that you’d only edge out onto if you were contemplating ending it all? Yeah, I think I know the ones.Round here, the council have identified a need for smaller houses and affordable housing.
What is being built? Four bedroom "Executive" homes, with a couple of 'affordable' ones on the edge of the development next to the main road.
Don't panic chaps, we're in safe hands
https://www.theguardian.com/business/2025/feb/06/bank-of-england-lowers-uk-interest-rates
Pretty sure the important word you are ignoring is 'quicker'. Makes all the difference and @Uncle Spielberg is almost certainly right.....except they do appear to have come down today.
Worth noting that all 9 BoE votes were for a cut (2 for a 0.5% cut), whereas the expectation was 8 for cut with 1 unchanged.Pretty sure the important word you are ignoring is 'quicker'. Makes all the difference and @Uncle Spielberg is almost certainly right.
That's likely and I did notice that. However there's little doubt that the budget put the brakes on that occurring sooner.Worth noting that all 9 BoE votes were for a cut (2 for a 0.5% cut), whereas the expectation was 8 for cut with 1 unchanged.
This tends to suggest a quicker rate of cuts upcoming, or more chance of further cuts...
Do you know how much MPS earn? Would you do that job for that money? Because there is absolutely no way in hell I would.As long as people in power are earning lots of money, they don't care about anyone else
I may be wrong, if so I apologise, but I think they were taking about above MPs in terms of "power" ...Do you know how much MPS earn? Would you do that job for that money? Because there is absolutely no way in hell I would.
A typical MP gets 90k a year. This does not strike me as much given the role and responsibilities and the hassle which goes with it.As long as people in power are earning lots of money, they don't care about anyone else
Lessons?It would seem that it has been dealt with in a timely manner so lessons learned etc![]()
That is the bank of england rate, not the same as mortgage rates which have gone up the last 3 months....except they do appear to have come down today.
There must be a demand for them though.Round here, the council have identified a need for smaller houses and affordable housing.
What is being built? Four bedroom "Executive" homes, with a couple of 'affordable' ones on the edge of the development next to the main road.