This blog takes a slightly different path as we share with you some interesting information from colleagues in the industry. Partners in Property delve into the economic news and indicators affecting the UK’s financial landscape. The past week saw limited economic news, but what little there was, had negative connotations for the economy. As we approach the summer holidays, they take a closer look at some key points from the latest update.

Partners in Property also touch upon the energy performance of properties and the challenges faced by the government in meeting EPC targets. The Scottish government’s proposal to delay the 2025 target and the discussion surrounding energy efficiency standards have sparked debates on the effectiveness of current policies.

Looking forward, the article predicts a 5.5% base rate position by the end of the year, a scenario that seemed unlikely just 18 months ago. However, uncertainties surrounding the economy, potential energy price shocks, and other global factors may influence these predictions. The housing market is also expected to experience mixed data, with the recent mortgage rate increases impacting figures towards the year’s end.

The article concludes by highlighting the need for governments to collaborate with the private sector to address energy efficiency issues effectively. As we head towards the winter, there’s a sense of uncertainty, but with careful planning and informed decision-making, we can navigate the challenges ahead.

To read the full blog post, click https://partners-property.com/supplement-300723-energy-inefficiency/. Don’t forget to subscribe to the YouTube channel and podcast platforms to stay updated with the latest economic insights and discussions.