We all heard that Mark Carney, Governor of the Bank of England, feels that inflation is ‘in the system’ even though the headline figures are at an all time low.

His concern is derived from the tightening of the Labour Market that is pushing wage costs northwards particularly in the private sector and the impact of this on inflation. Has he read the latest Treasury figures since last month when there was a slight rise in unemployment although it could be a ‘blip’.  The world oil price is still quite low and will remain so for some time to come (thanks to Fracking and the world slump), therefore, this will not, for the moment, conspire to increase inflation. Continue reading →

True to his word our esteemed Chancellor, George, as promised, has today issued planning guidelines that, by all accounts, involve a major reform of the Planning Process which is long overdue.

The truth is we are currently building a third of the private/affordable homes that we built in the 60s and less than half the amount that we need to satisfy demand in the UK and it’s no wonder why there is a housing shortage. Continue reading →