Interest rates: How will the Bank of England's decision to hold rates impact house building targets?

Подписаться 8 млн

Просмотров 58 тыс.

50% 1

The Bank of England has held its main interest rate at 5.25%, spelling bad news for millions of mortgage payers and those hoping for some respite from high rates.
Housing affordability has been a key issue in the run up to the election and all of the main parties have made various pledges on housebuilding and planning.
As part of our Campaign Check series, our economics and data editor Ed Conway has been looking at how those targets stack up.
Read more: news.sky.com/s...
#interestrate #housing #politics
SUBSCRIBE to our RU-vid channel for more videos: / skynews
Follow us on Twitter: / skynews
Like us on Facebook: / skynews
Follow us on Instagram: / skynews
Follow us on TikTok: / skynews
For more content go to news.sky.com and download our apps: Apple itunes.apple.c... Android play.google.co...
Sky News Daily podcast is available for free here: podfollow.com/...
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: / @skynewsespanol
To enquire about licensing Sky News content, you can find more information here: news.sky.com/i...

Опубликовано:

30 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 83

@alexsteven.m6414 3 месяца назад

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@valeriepierre9778 3 месяца назад

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@belobelonce35 3 месяца назад

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@edelineguillet2121 3 месяца назад

I do not really know a lot about the market, but based on what little understanding I do have of supply and demand in the economy, now is the best time to enter the market. The only thing preventing me, however, are the steady price fluctuations, which shouldn't be a problem. However, I really need an advisor, can yours help?

@belobelonce35 3 месяца назад

“Sharon Marissa Wolfe’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@mazdamaniac4643 3 месяца назад

So, now the Bank of England is jumping on the profiteering bandwagon. Does anyone else remember when the public bailed these greed-ridden bankers out? This is the thanks we get.

@kanedNunable 3 месяца назад

do not forget that rishi cut bank tax rate from 5% to 2% just before inflation started going up. banks are making huge profits out of all this.

@stephfoxwell4620 3 месяца назад

£70 billion directly. £450 billion of QE. £800 billion of guarantees.

@greatdara 3 месяца назад

They have always been able to profiteer on behalf of consumers. Interest may go up or down, they have policies to profiteer both ways.

@unnamedpodcast_thetruth 3 месяца назад

And we owe 97% of our public debt to them... How does this work? 🤔🙄

@AlexClarkcompany 3 месяца назад

Our economy is afflicted by uncertainty, housing troubles, foreclosures, global shifts, and the aftermath of the epidemic, all of which contribute to instability. To restore stability and drive growth, all sectors must urgently address rising inflation, slowing GDP, and trade disruptions.

@JackWalsh-d7h 3 месяца назад

The US dollar is losing value due to inflation, while other currencies are gaining strength, creating uncertainty. Nonetheless, many people remain confident in the Dollar's perceived safety. I'm concerned that my 420K retirement funds may lose value, therefore I'm looking for other financial stability.

@AdamWright8fool 3 месяца назад

With my stressful career, I don't have time for investment analysis. For seven years, a fiduciary has managed my portfolio, responding to market situations, ensuring for effective navigation and informed decisions. Consider taking a similar plan of action.

@AdamWright8fool 3 месяца назад

Leah Foster Alderman is the licensed expert I use.

@AlexClarkcompany 3 месяца назад

her handler was simple to locate and appears to be extremely capable and adaptable. We scheduled a phone conversation.

@ddandymann 3 месяца назад

Scam post

@jamessmith1652 3 месяца назад

Look at those ridiculous house building targets. All 3 parties tell the same lies.

@greatdara 3 месяца назад

Ridden with historical failures! Not talking about how did they meet the target in previous terms?

@antonio3220 3 месяца назад

Vote reform

@blessedblem2051 2 месяца назад

I had problem comprehending trading in general. I tried watching other RU-vid trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow

@benhopwood5321 3 месяца назад

Well the bank of england can start paying my bills then! Sick of the incompetence of officials in this country! How the hell did they even get their jobs in the first place!

@AUNEDJ 3 месяца назад

Those stats miss something, what is the size of those properties.....they cab build flats of 2 small bedrooms and thats not the same as 2 detached houses or terraced with 3 or 4 bedrooms. A caravan park can count as lots of new houses 😂

@MalcolmRose-l3b 3 месяца назад

So Starmer plans to build on green belts all over the UK rather than insisting on brownfield sites first, the Libs are completely unhinged with no funded method of getting to their numbers and the Tories are just wildly optimistic unless they make some changes. How reassuring.

@coderider3022 3 месяца назад

House builders need to keep stock low to maximise profit building new ones. Basically government would need to pay local authorities to do it or create a new building company. British building co. Using taxation as carrot and stick is needed too here.

@terryj50 3 месяца назад

Good for us savers inflation 2% and rates 5% we’re making 3% on our savings at last.

@andrewcoxon5214 11 дней назад

Yeah important to mention savers, as younger people struggling to save a deposit need it…. It took me years to save one at 0 interest rate, only to buy a house just before rates go up.

@robmthe1st 3 месяца назад

Rates should be kept at around 4% as a new normal but it’s a joke that they have not passed on the rates to savers!

@michaelkelly9545 3 месяца назад

No they should really deflate the situation to correct their mistakes they made. Hold rates until they fall deflationary but they won’t. 4% would collapse the country as it’s already doing

@AgentGreyFox 3 месяца назад

A cut now is too soon. Food and many other items are still seeing inflation. Once energy prices go up, inflation will soar again!

@RaRa-eu9mw 3 месяца назад

Food inflation is at 1.7%

@ovandograham7793 3 месяца назад

I was hoping they’d lower it. I want 2% man

@adam7802 3 месяца назад

House building at a similar/lower rate than 60 years ago is obviously absolutely ridiculous.

@deeplearning1299 3 месяца назад

North korea one party ruling... UK two party ruling... Not much difference... Two party election is not democracy... UK need more choice... end two-party elections in UK... New parties... New thoughts... Enough this two parties ruling...

@gorilliam 3 месяца назад

Reform?

@Britain4775 3 месяца назад

house price rise because Because there was a huge migration of people into UK.

@djdoolittle1315 3 месяца назад

Insider trading. Carry on as usual 😮

@francisravenscroft-dw6gi 3 месяца назад

The BOE did nt lower rates because: the bank did nt want to be viewed as politically biased. 2. The services inflation rate is not falling 3. The fed has nt reduced rates 4. The BOE needs to keep the money markets oand the UK treasury markets stable.

@abbey1999 2 месяца назад

The kabbal won’t be happy they have to fund the royals some how

@RoadmapMBA 3 месяца назад

Great coverage 🙌🏻

@jamieclark5572 3 месяца назад

We need less people, not more homes

@leokloid1 3 месяца назад

Ed has the best charts

@deeplearning1299 3 месяца назад

@squibys2262 3 месяца назад

The fact it can be held means the country is managing just fine with these rates, thats great news for savers. People are still borrowing and spending so where is the issue, lets go higher. Usually the first cut will precede a downturn as they believe the economy is flagging.

@squibys2262 3 месяца назад

@@zaidahmed9527 I thought a good chunk are already through? Im sure Sascha covered it. Anyway nothings broken yet, people are still spending like crazy so I say leave em to it.

@CLhighlightsful 3 месяца назад

People are just building up credit card bills and transferring there and here when needed. Kicking the can down the road. The bubble will burst when it becomes unsustainable in a year or two

@rd123. 3 месяца назад

We need to stop spending. Why is this a controversial idea??? Stop borrowing!!

@joancooley1387 3 месяца назад

Sunak needs to Stop Pilfering.

@kanedNunable 3 месяца назад

bit hard for people locked into mortgages. cant even sell the houses at the moment.

@rd123. 3 месяца назад

@@kanedNunable When I bought my maisonette 23 years ago I didn’t think of selling it. I thought homes were for living in them. Speculation is risky.

@RaRa-eu9mw 3 месяца назад

Spending is what drives the economy.

@LogicPak 3 месяца назад

Those charts aren’t straight forward, please explain in laymen terms.

@deeplearning1299 3 месяца назад

New parties new thoughts New forgin policy No more tax money for others wars Enough old thoughts parties need New thought parties UK need more choice

@katejackson7432 3 месяца назад

oh dear, looks like the bad news will start dripping in now , rishi shud have chosen earier n least minimise his complete boo'ing out of office

@deeplearning1299 3 месяца назад

New parties new thoughts New forgin policy No more tax money for others wars Enough old thoughts parties need New thought panties UK need more choice

@managerialengineering 3 месяца назад

Excellent analysis!! Interest rate cuts synchronous to housing markets would start the next bull run.

@bobdidit55 3 месяца назад

No point building new homes if people can’t get mortgages. I live in a new build site and the builders have stopped building because no one can get a mortgage.

@sufianaldib9469 3 месяца назад

Islam fights both inflation and poverty "Allah condemns exploitation, and He blesses charities. Allah does not love any disbelieving sinner." Quran 2:276 Islam brings peace and mercy to society

@AngelaVlahos 3 месяца назад

hi. I understand mortgage

@kushagra2803 3 месяца назад

It absolutely boggles me how no party/politician is talking about the 2nd biggest cause of the housing crisis. Landlords. One person/entity owning several properties is choking the already available houses. The moment these properties are freed up, house prices will become affordable, and stay thier for a few years. Meanwhile, more house can be built.

@rayanrizwan9611 3 месяца назад

revamping the leasehold system is literally in the labour manifesto

@kushagra2803 3 месяца назад

@@rayanrizwan9611 it needs to be abolished, not revamped. Nobody should own more than one house. Revamp is a fancy word for making cosmetic changes to the laws without actually doing anything. Labour will do what the Tories did a few weeks back - revamp the law around housing.

@rayanrizwan9611 3 месяца назад

@@kushagra2803 I'm pretty sure they're abolishing it but sure!

@SDrtheone 3 месяца назад

I'm a mortgage advisor and it wasn't a shock at all that they steadfast on 5.25% today. It was absolutely the right call to leave it 1 more review before starting to drop.