It’s General Election time! 5 Fact Friday

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. 

https://www.bloomberg.com/news/articles/2024-05-22/pound-rallies-traders-pare-bets-on-rate-cuts-after-uk-inflation

Yearly change in Average UK “House Prices” [sic] turns positive in April 2024 for the first time since June 2023, up +1.8%

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/may2024

April 2024 Annual Rent inflation falls slightly but remains at 8.9%, (down from 9.2% the month before)

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/may2024#:~:text=2.-,UK%20private%20rent%20and%20house%20prices,-Average%20UK%20private

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

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