Berkeley Group Chair Urges Bank of England to Cut Rates

Berkeley Groups executive chairman, Rob Perrins, urges the Bank of England to cut interest rates to stimulate the British economy, particularly the housing market. He suggests a rate drop to three percent by March, citing tax increases on landlords and high-value properties as hindrances to new home development. Perrins argues that his business is not experiencing inflation, and the current rate cut expectations are too slow. The Bank of Englands Monetary Policy Committee is expected to vote on interest rates soon, with uncertainty looming over potential future tax increases on property.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.