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    • Consumer Optimism returns

    Consumers are becoming more optimistic that house prices will rise over the coming year, research from The Building Societies Association suggests.
    The BSA’s Property Tracker survey found that among 2,242 respondents the average prediction for house price changes over the next year was for a 1.4% rise, a massive climb down from the 7.1% fall forecast in June last year.
    Some 59% of those polled agreed or tended to agree that now is a good time to buy, significantly up from the 27% recorded at the same time last year.

    28 May 2009

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    Increase in unemployment eases

    The number of jobless in the UK rose by 232,000 to 2.26m people in the three months to April, after a slight moderation in the rate of increase still brought unemployment to 7.2 per cent.

    This compared with a jobless rate of 6.3 per cent at the end of December. The rise, still the second biggest increase since 1981, compared with an additional 244,000 unemployed in the previous three-month period.

    Source – Office for National Statistics

    28 May 2009

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