We are delighted to announce that we have recently purchased Cluttons letting portfolio, as a result Breckon & Breckon Lettings team will be relocating to 13 Beaumont Street, Oxford, OX1 2LP on Wednesday 10th June 2009.
This new location will undoubtedly give better exposure and will expand our current team with the addition of two Cluttons staff, Suzanne Webb (Letting Manager) and Maureen Newby (Administrator).
Although we are moving offices, our telephone number will remain as 01865 201111 with an additional number of 01865 261261. Our fax number will change to 01865 791572.
Asset Management & Consultancy Ltd
Based with our lettings team in Beaumont Street, Katie can be contacted on 01865 201111 or email: katie.leppard@breckon.co.uk
Can base rates go much lower?
March 2009. The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 0.5%, and to undertake a programme of asset purchases of £75 billion financed by the issuance of central bank reserves.
World activity continued to weaken, reflecting both depressed confidence and the persistent problems in international credit markets. In the United Kingdom, output dropped sharply in the fourth quarter of 2008. That reflected lower consumer spending, a further fall in business investment and a rapid run-down in stocks, in part offset by stronger net exports as the past depreciation of sterling began to take effect. Business surveys continue to point to a similar rate of contraction in the early part of this year. Unemployment has risen markedly. Credit conditions faced by companies and households remain tight.
CPI inflation declined to 3.0% in January. The depreciation of sterling is adding to imported cost pressures, but pay pressures continue to wane. Inflation is likely to fall below the 2% target by the second half of the year, reflecting diminishing contributions from retail energy and food prices and the impact of the temporary reduction in Value Added Tax.
