Several papers including the Financial Times report comments by Bank of England governor Mervyn King that the housing market is slowing down at last because of higher interest rates. King also told MPs there were no signs of the US sub-prime crisis spreading to the UK. He wasRead More →

Councils across England are forecast to increase council tax by an average of 3 per cent – the lowest rise for ten years, but still higher than the inflation rate. Councils have predicted their incomes will fall by £2.5 billion because of lower returns from investments and from sellingRead More →

Afghanistan has beaten Russia – five goals to four – to win football’s World Cup for homeless people held in Melbourne this year, while Zambia took the inaugural women’s cup. It was the sixth annual world cup, an event aimed to raise awareness of the nearly one billion worldwideRead More →

Bank of England policymakers have kept interest rates unchanged at 5.5 per cent. Many experts who thought the bank would cut rates today following poor Christmas sales figures are now hoping the cost of borrowing will be lowered in February. The World Economic Forum has predicted that 2015 willRead More →

Meanwhile, the Ministry of Justice has released its fourth quarter statistics on mortgage and landlord possession actions. It found that mortgage possession claims were 29 per cent lower year-on-year, but possession orders were 14 per cent higher than the last quarter of 2014. Landlord possession claims were 3 perRead More →

Shadow housing minister, Grant Shapps, has complied a report showing that the number of homeless children in England has increased 128 per cent since Labour came to power, and now stands at more than 130,000. Mr Shapps said the rise highlighted the ‘dismal record of the government’. However aRead More →

The European parliament wants Spanish planning laws to be changed to stop developers being able to acquire private land below market rates and force homeowners from their properties. In some regions planning authorities have been redesignating private land for urban use and rubber-stamping applications from developers, who then offerRead More →

Nine of the biggest building societies have had their credit ratings downgraded over fears that losses from the downturn in the housing market may be ‘significantly higher’ than expected. Alliance & Leicester, Abbey National and Nationwide have seen cuts in their financial ratings by Moody’s, which expressed concern aboutRead More →