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Movera’s comment on today’s inflation stall at 2%
17 July 2024
Nick Hale, Chief Executive Officer at Movera, a group of home moving businesses including ONP Solicitors, commented: “Inflation stalling at the Bank of England's 2% target is still positive news for the housing market. Labour have inherited very favourable conditions with this lower level of inflation and this stability could even be enough to force the Bank of England to lower the base rate next month.
“It raises two questions: had Rishi Sunak held off on calling the election and waited for these conditions, would it have been such a landslide victory for Labour? And can Labour now harness these conditions to make the changes the sputtering housing market so desperately needs?”
