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A housing minister has warned that it will be “more difficult than expected” for the Government to meet its 1.5m homes manifesto pledge as supply remains constrained.

Matthew Pennycook said that the 1.5m new homes target is “an incredibly stretching target”.

Appearing on the Housing, Communities and Local Government Committee today, he said: “Delivering 1.5m homes is going to be more difficult than we expected in opposition...

We can add that to the list of broken election pledges then 🙄

Homeowners face a hit equal to £500 a year from higher interest rates after top economists warned that a jump in inflation would be made worse by Rachel Reeves’s Budget.

Mortgage rates are expected to rise steadily over the next six months, according to analysis by Pantheon Macroeconomics, in part because of the Chancellor’s record tax raid.

It came after data showed that inflation was back above the Bank of England’s 2pc target last month, at 2.3pc.

Mortgage rates have already risen since Ms Reeves announced her plans to ramp up spending and borrowing, which add to price pressures in the economy.

At the same time retailers have warned that the Chancellor’s tax raid on businesses through higher National Insurance contributions, and the extra costs of the rising minimum wage, will also push up prices charged by businesses.

I wonder if there was a General Election today, the result would be the same 🤔 The public have been conned by Labour.

DCB

“For some reason these vile creatures flock to the lloyds boards to spew their putrid nonsense!”

That coming from you is precious. Your Brexit nonsense went on for as long as I and others can remember on here.

Yes I’ve just checked. Looks like they’re busy share chats….not

Mararab,

Why are most of your posts on the Lloyd’s BB ? Is it better fun on Metro or Saga ? If so, you know what to do…..

Your posting history fishfaced displays numerous posters you have filtered. Inflation, business, interest rates, inflation etc are all relevant to Lloyd’s share price. Not sure what sort of conversation you wanted today about Lloyd’s being currently up 0.12p. I have only one poster on filter. He knows who he is. Happy to join him on your burgeoning list.

Communism in its finest form voted in by about 1/5th of the electorate. Spongers on their sofas pretending they contribute to society when they are net-takers.

Awww Looroll, haven’t you got a job to do today ? Haven’t you got multiple businesses to run ? Or is it another day at Mum and Dads on the sofa and internet instead of paying your taxes ?

Labour polled less votes than the previous election. In power by default because of right of center options for the electorate. We didn’t need a communist option on the ballot paper because we have communism in all but name.

That’ll be the end of interest rate cuts this year then. Same old Labour, same old incompetence 🙄

As if by magic, green lines. I must have touched a nerve…..

Like everything with this Labour communist shower…..

Taxes UP

Inflation UP

Boat Crossings UP

Mortgage Rates UP

Unemployment UP

Cue Looroll to spend another day on here defending these idiots instead of running his numerous businesses 🙄

Https://news.sky.com/story/amp/labour-is-absolutely-not-engaged-in-class-war-prime-minister-sir-keir-starmer-insists-13256630

The country is heading into the abyss with this Labour lot. Wealth and UK companies looking to move abroad. The only idiots that can’t see what’s happening are Labour themselves and the morons who voted for them (several on here that probably don’t even own Lloyds shares but use this BB to spew their communist nonsense). God help the majority of us that didn’t vote for 2TK and Rachel Thieves.

That’s the plan 😉

I think you mean “prophets” of doom. No they’re from your side of the political spectrum. They talked down the country from the moment they took power, your heroes Starmer and Thieves, so much that growth has slumped to just 0.1% in their first quarter. This is going to be the most embarrassing and useless government since the 1970s.

France has launched a UK advertising blitz as it tries to lure away disillusioned businesses following Rachel Reeves’s tax raid.

Adverts promoting the “Choose France” campaign have appeared in UK newspapers in the weeks since Labour’s controversial Budget at the end of October.

Andrew Griffith, shadow technology secretary, said: “It’s a sorry state of affairs if British companies are considering fleeing to France, which has historically hardly been a beacon of agile capitalism.

“Rachel Reeves’s Budget created a hostile tax environment for business and with Labour now passing French-style, trade union-inspired employment laws, perhaps there are some British businesses concluding that the new centre-Right government in France offers better prospects than four years more of Starmer.”

One councillor ? You really are scraping the barrel DCB.

-10’c in parts of Scotland last night. Won’t be long before pensioners start dying of the cold. Another brainless Labour idea.

Chid

“As Gold is not spiking up, doubt it is Putin threats.”

Gold has spiked over 1 1/2% this morning.

Or the inflation figures have been leaked 😂