Saturday, January 11

Tag: interest rates

Market Econ Forecast 2025

Market Econ Forecast 2025

Business
As we head into 2025, it is with a higher sense of self-confidence than at the start of 2024.Inflation appears under control, and rates of interest remain in decrease. The economy appears to have adequate momentum that a lot of financial experts are not anticipating an economic crisis at any time quickly. Elections are over, offering some clearness on what financial policy and the regulative environment will appear like (for the next 2 years, a minimum of).It is not all smooth cruising for the mechanical contracting market. Finding enough proficient employees stays the leading issue of the majority of contracting business-- an issue intensified by the retirement of the Baby Boom generation. Geopolitical stress stay high, impacting energy rates and some parts of the supply chain. The inboun...
Radical changes needed to boost homebuilding, experts warn

Radical changes needed to boost homebuilding, experts warn

Business
Industry experts have called on the government to make radical changes to boost homebuilding.It follows the release of monthly construction industry data yesterday (5 December), showing a decline in the homebuilding sector. The S&P Global UK Construction Purchasing Managers’ Index revealed homebuilding numbers dropped for the second month in a row.A report by the Centre for Cities thinktank has also warned that the government was on course to fall short of its 1.5 million target for new builds by the next general election.Gareth Belsham, director of Bloom Building Consultancy, said residential developers were still struggling with high interest rates – which have increased the cost of buying land – as well as patchy demand from buyers.“The government’s promise to get 1.5 million more homes...