Edinburgh declares housing emergency amid PRS crisis
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Edinburgh has become the first city council in Scotland to declare a housing emergency, as it faces a ‘crisis’ in both the public and private renting sectors.
The declaration was made after a motion by the council’s housing convener
View Full Article: Edinburgh declares housing emergency amid PRS crisis
Bank of England holds firm at 5.25%
The Bank of England’s Monetary Policy Committee (MPC) voted 6 to 3 to maintain the Bank Base Rate at 5.25%. Despite the Fed freezing the US rate yesterday, three MPC members still voted to increase the Base Rate by 0.25%.
View Full Article: Bank of England holds firm at 5.25%
BoE leaves interest rate unchanged – property sector reacts
UK interest rates have been left unchanged at 5.25% by the Bank of England in a move economists had expected.
The Bank had previously raised rates 14 times in a row to tame inflation, leading to increases in mortgage payments but also higher savings rates.
View Full Article: BoE leaves interest rate unchanged – property sector reacts
London’s rough sleeping crisis hits record high, councils warn
London is facing a rough sleeping crisis as new data shows that the number of people sleeping on the streets has reached a record high.
According to the latest figures from the Combined Homelessness and Information Network (CHAIN)
View Full Article: London’s rough sleeping crisis hits record high, councils warn
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