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  • Rate cut needed now says National Homebuyers


    The National Association of Estate Agents (NAEA) has warned that the Bank of England needs to cut the base rate of interest in March or the housing market will suffer, potentially leading to financial difficulties for many.


    (Filed: Wed Mar 19 2008)
  • Bank crisis fall-out may lead to UK recession


    The possibility of a recession in the UK has become much greater following the Bear Stearns crisis, in which the bank was forced to get an emergency bail-out from the US Federal Reserve. Bank shares on the US and UK stock markets fell steeply amid fears that other banks may be hit by the crisis.


    (Filed: Tue Mar 18 2008)
  • Budget inaction on stamp duty burden


    Despite calls from the housing industry for an urgent lowering or temporary suspension of stamp duty in order to help the ailing housing market, the government’s Budget yesterday ignored such calls and left the stamp duty threshold unchanged at £125,000. This will negatively affect first-time buyers in particular, who are already struggling with a host of other adverse factors.


    (Filed: Fri Mar 14 2008)
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