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No respite for housebuilders as interest rates are kept on hold
The Bank of England has kept interest rates at 5% despite the sharp downturn in the housing market.
The Bank's Monetary Poicy Committee's decision was widely expected amid concerns over inflation, which rose to 3% in April.
There was more bad news for house prices this morning when Halifax revealed that averges fell by 2.4% in May.
HBF says Bank of England must cut interest rates by 0.5% in response to 'rapidly deteriorating conditions' in housing market
The departure of both the chair and chief executive of the government’s housing agency sends a strong message that the ministry wants to build more homes and work with partners in a different way, writes Joey Gardiner
Matthew Pennycook tells MPs government won’t be setting annual targets
Balfour Beatty Vinci team says work will focus on structures taking line into new station at Curzon Street
Government advisor tells City to throw out Brookfield’s 54-storey tower submitted in September
Joint venture to oversee design and construction of track along route which had £1.5bn value in 2020
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