LIBOR-SONIA Transition Update May 2021

Following our update in March 2021 the LIBOR-SONIA Transition process is gathering pace. This update focuses on timescales and our experience of the process to date. The Risk Free Reference Working Group (“RFRWG”) announced the following on 5th March 2021: LIBOR rates will no longer be published beyond 31st December 2021. The Fallback Spread Adjustment…

CPI at 3%

The Bank of England Inflation Report published on 08 February 2018 showed that CPI remained at 3.0% per annum in January 2018, having risen to 3.1% per annum in November 2017. At the same time average earnings have started to rise narrowing the gap between earnings and prices. Although the Monetary Policy Committee left rates…

Latest House Price Inflation Indicators

The following is a summary of the latest indices relating to U.K. house prices.

Halifax: 4.5% YoY (Oct 2017)

Nationwide: 2.5% YoY (Oct 2017)

Rightmove: 1.4% YoY (Oct 2017)

ONS: 5.0% YoY (Aug 2017)

The Royal Institute of Chartered Surveyors reported a balance of +6% from its members in September (+6% in August).