BoE raises interest rates again, to 4%: Property industry reactions

"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...

The UK's base rate of interest has been rising since December 2021, as the Bank of England attempts to keep a lid on inflation.

"The rise has been a long time coming, and with inflation now at decade high levels, there really is little alternative," comments Strutt & Parker, while Knight Frank Finance says "it’s clear that the B…