Rate rise shocks housebuilders

Jan. 12, 2007
Startled housebuilders have warned the Bank of England’s decision to raise interest rates to 5.25% could stall the market. The third quarter-point rise in the base rate in five months takes it to a five and a half year high. The bank’s decision comes amid worries over inflation, currently at 2.7%, and the possibility of inflationary pay deals in the …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register