Bank of England delays consultation on new liquidity scheme
The Bank of England has announced that its special liquidity scheme (SLS) has been extended and that its consultation paper on proposals for a replacement scheme would appear at a later date.
New liquidity scheme will not save housing market – King
The Bank of England’s Mervyn King has warned that its new funding scheme will not cure the ailing housing market.
Redrow’s reservations fall 55%
Redrow’s preliminary results show once more the difficult conditions within the industry, with the housebuilder’s net reservations down 55% in the six months to June 2008.
Permitted development needs “highway code” – RTPI
The government should introduce a highway code style document on permitted development, to ease the confusion over what can be built with planning permission when home owners wish to make alterations to their properties, the Royal Town Planning Institute (RTPI) has stated.
Bank of England rate decision “a dangerous game”
Industry members have urged the Bank of England to cut interest rates following the decision to maintain the rate of 5% for the fifth consecutive month.
New home starts fall by half – NHBC
New home starts fell by almost half from May to July, NHBC figures have revealed.
Housing package welcomed but wider action needed
Industry largely welcomed the government’s measures announced today (September 2) to support the housing market, but urged for more to be done.
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The downturn is turning the tables on councils demanding excessive section 106 contributions. Mark Smulian questions whether they will be forced to accept less while their social housing and infrastructure plans are threatened by the fall in private sector starts
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