The Bank of England has cut interest rates to 5.5% from 5.75%. This is the first time interest rates have been cut in 2 years. Interest rates have risen five times since the middle of last year, but the Bank had kept rates on hold since July. The Bank has been keen to keep price growth under control, and many analysts had predicted that they would want to see oil and food cost pressures abate before moving to lower interest rates. However, reports from Nationwide and Halifax this week have shown falling house prices and a slump in consumer confidence.
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Uniquely unique? The Yorkshire grain silos transformed into a home that's a symphony in glass, steel and curvesAmid the beautiful countryside of North Yorkshire, on the edge of the Castle Howard Estate, The Silos is a property for which the word 'house' simply doesn't cut it. And that's not the only way in which it's made us throw out the dictionary.
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Polluting water executives now face up to two years in prison, but will the new laws make much of a difference?The Government has announced that water company executives caught covering up illegal sewage spills could now be imprisoned for two years, under new laws — but many still have their doubts.
