Submitted on Thursday 10th April 2008
Market overview
Current base rate 5.0% Source: BOE
5.75/5.75/5.75/5.5/5.5/5.25 Recent trends
CPI Annual inflation 3.1% up from 2.8% in Feb Source: Government stats
Price of crude oil $112 per barrel 10.04.08
Household savings ratio 3.4% Source: National statistics
Manufacturing output down 0.1% in last quarter Source: National statistics
Unemployment 5.2% Source: National statistics
Retail sales volume Increase over 1 year Source: National statistics
Number of bankruptcies in UK 120459 in 2007. Predicted to increase.Source: Invocas
Halifax Price Index
Monthly change -2.3% March
Annual Change 1.1% March
Average House Price £191556
House Price Index 100 (1983) 620 (Current)
£23900 million lent in December 2007 on residential mortgages Source: CML
£45300 million buy to let advances in 2007Source: CML
