The UK economy has finally returned to the level of output that, as a nation, we were achieving in 2008 following what has been one of the longest and deepest recessions since the Great Depression of the 1930s.
Posts Tagged ‘mortgage advice’
Britain’s economy is now expected to be the fastest growing of any of the G7’s group of major economies, according to the International Monetary Fund (IMF), who now forecast that the UK economy will grow by 2.9% in 2014 – a further increase on the 2.5% forecast only three months ago -and will grow by a further 2.5% next year.
The last few weeks have seen further evidence of a recovery in the wider economy, with significant positive data painting an increasingly favourable picture of the UK as a whole, and of the housing market. (more…)
David Cameron’s announcement at the Conservative party conference to bring forward the commencement of the second phase of the Help to Buy – Mortgage Guarantee scheme three months early has certainly caused some frenetic activity in the housing and mortgage markets.
The last month or so has continued the more positive and upbeat theme that has been gaining momentum since the early spring.