Half a percentage point has been shaved off interest rates by the Bank of England today and they now stand at 1%. Some are already speculating that rates will drop to 0% before the year is out, however, others - including the Federation of Small Businesses - argue that they should have stayed at 1.5%.
Providing lenders pass the cut on, it is hoped that this will encourage more buyers into the property market. Philip Selway of The Buying Solution, a property buying agency, says: 'We have never been so busy with new client enquiries in both London and the Country, with buyers keeping an eye on what they perceive to be the bottom of the market. Clients who need to purchase this year are aiming to do so whilst house prices are still on a downward slope, and with savings rates at an all time low, now is looking like a good time for them to protect their capital in the long term by way of property purchase.'
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'He unleashed a series of war cries, then intercepted the vole mid-air': There's nothing remotely common about the common kestrelKnown in Orkney as ‘moosie-haak’, kestrels are fierce hunters but have seriously declined and are now an amber-listed species.
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101 gold rats, a 'self portrait as a horse' and a tribute to motherhood take home top prizes at this year's Royal Academy Summer ExhibitionThe Royal Academy has announced its 2025 prize winners, spanning talented sculptors, painters and print-makers, with works on display in London until August 19.
