Rolling coverage of the latest economic and financial news
- Bank of England sets interest rates at noon today
- Bank could raise interest rates from 0.1% to 0.25%
- Inflation is rising, but factors could be temporary
- Why is the Bank of England considering an interest rate rise?
- Last night, US Fed started tapering its bond-purchase programme
- The Guardian view on the Bank of England: talking itself into a rate rise
Online estate agent Purplebricks has issued a profits warning, saying that it is running short of houses to sell.
Shares in Purplebricks have tumbled almost a third this morning, after it warned that it is struggling to keep pace with strong demand.
After an exceptionally strong period for the UK housing market in FY2021, buoyed by the stamp duty holiday, the six-month period to 31 October 2021 has been more challenging.
New instructions have slowed significantly in recent months, given continued strong demand across the housing market is not being met by sufficient supply of instructions.
Continue reading...from The Guardian https://ift.tt/3EIuu1o
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