Autumn Statement 2022

Autumn Statement 2022

The Chancellor pledged to face the economic storm, as he announced widespread spending cuts and tax rises in his Autumn Statement on 17th November 2022, to tackle inflation and escalating mortgage costs.


  • In the short term GDP is likely to shrink by 1.4% in 2023 but then, due to the new measures being taken, is expected to grow by 9% by the end of 2027.
  • The expected 9% increase in house prices this year is likely to be countered by a fall over the course of 2023-24 but price growth is set to resume in 2025.
  • Mortgage rates are now expected to peak at 5%. The steps taken have been made to protect long-term economic growth and rebuild the UK economy, which is now officially in recession. Source: Dataloft, UK Government, Office for Budget Responsibility

Get in touch with us

What Every First-Time Buyer Should Know

Buying your first home is an exciting milestone, but it can also feel overwhelming. With so much to consider—budgets, mortgages, legal paperwork, and finding the right property—it’s easy to feel lost in the process. This guide outlines the key things every first-time buyer should know before taking that first step onto the property ladder.

CLICK HERE >

Is It Time to Downsize? Key Signs to Watch For

Downsizing can be a smart move at the right time—but how do you know when that is? This guide highlights common signs that it might be time to consider a smaller home and the benefits it can bring.

CLICK HERE >

How to Get the Best Out of Your Property Valuation

Property valuations mark the start of your home-selling journey. Discover how to prepare your home, present it effectively, and ask the right questions to maximise your property’s market value.

CLICK HERE >

What Every First-Time Buyer Should Know

Buying your first home is an exciting milestone, but it can also feel overwhelming. With so much to consider—budgets, mortgages, legal paperwork, and finding the right property—it’s easy to feel lost in the process. This guide outlines the key things every first-time buyer should know before taking that first step onto the property ladder.

CLICK HERE >