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Land Registry releases Q1 figures today

The housing market slowdown is hitting sales of lower priced homes harder than more expensive properties, according to Q1 figures released from the Land Registry today.

The average house price in England and Wales is 183,486 this quarter, showing an average annual increase of 10.27 per cent, compared to 14.06 per cent for the same period last year.

In Greater London, the average house price increased by 9.83 per cent, from 262,685 in 2004 to 288,507 in 2005.

Welsh towns showed both the highest and lowest average property price increases for the quarter.

Merthyr Tydfil and Blaenau Gwent come top with 44 per cent and 30 per cent respectively and the Vale of Glamorgan showed the lowest average increase, at just 0.94 per cent.


James buys CW for 1.2m

IFA Timothy James & Partners has bought CW Financial Consultants, the financial services arm of Citroen Wells Chartered Accountants, for 1.2m.

Osborne becomes Shadow Chancellor

George Osborne has taken over from Oliver Letwin as shadow chancellor as part of Michael Howards cabinet reshuffle. Osborne, aged 33, was previously shadow chief secretary to the Treasury. Other moves include Malcolm Rifkind taking over from David Willetts as shadow work & pensions secretary with Willetts moving to shadow Alan Johnson at the Department […]

Rates on hold for another month

The Bank of England’s Monetary Policy Committee has decided to leave rates on hold for another month.The current interest rate is 4.75 per cent.The Derbyshire head of intermediary support Tony Capon: “The logic behind leaving rates on hold is that the MPC is seeing continued evidence of a slowdown in both industrial and retail economic […]

Fed aims to cool inflation

Schroders chief economist Keith Wade analyses the implications of the latest rate rise in the US and looks at investment opportunities around the globe.

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


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