5 Fact Friday – 24th May 2024
Headline CPI Inflation down not as far as hoped to 2.3% but Owner Occupier Housing inflation up to 6.6%
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/april2024
BoE Rate Cut now not expected until September earliest.
Yearly change in Average UK “House Prices” [sic] turns positive in April 2024 for the first time since June 2023, up +1.8%
April 2024 Annual Rent inflation falls slightly but remains at 8.9%, (down from 9.2% the month before)
UK sets date for General Election on July 4th 2024
https://www.parliament.uk/business/news/2024/may/general-election-2024
Angela Rayner sets out Labour’s Housing Manifesto
https://www.housingtoday.co.uk/news/in-full-angela-rayners-speech-to-ukreiif/5129525.article