Homes market 'needs rate cut'
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.(First Edition)
The Government was yesterday urged to cut interest rates by a further 1 per cent in an effort to stimulate the housing market.
Peter Miller, of the Royal Institution of Chartered Surveyors, said: 'A rate cut . . . would provide the critical psychological boost that general economic recovery needs. The UK housing market has never depended so much on the swing of the public mood and, with tangible factors like low house prices and high underlying demand pointing to gradual recovery throughout 1993, a rate cut will encourage the large number of people teetering on the edge of a decision to enter the market.'
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments