Samuel Tombs
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| Alma mater | University of Oxford |
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| ID | 1342963 |
About Samuel Tombs
Samuel Tombs is an award-winning British economist. He is the Chief U. K. Economist of Pantheon Macroeconomics, an economic research firm located in Newcastle, England, with an office in White Plains, . . .
UK economy grew faster than estimated since Covid
... " Samuel Tombs, chief UK economist at Pantheon Macroeconomics, noted that when it came to international comparisons, " a stable picture might take some time to emerge, given that statistical authorities in other countries are revising their data too"...
Food prices remain worryingly high, says Chancellor Jeremy Hunt
... Samuel Tombs of Pantheon Macroeconomics predicts that another interest rate rise is " now is firmly on the table" when the Bank of England meets on 22 June, potentially lifting borrowing costs from 4...
Mortgage lenders halt some deals after pound falls
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said if interest rates rise as predicted, the average household refinancing a two-year fixed rate mortgage in the first half of next year would see monthly payments jump to £1,490 from £863...
Plan B: How will the changes affect the economy?
... " It seems that consumers confidence has been knocked back by news of the new variant, " wrote Pantheon s chief economist Samuel Tombs in the research note...
Nationwide: UK house prices continue surge, up 10% in November
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, suggested linked mortgage rates could also head upwards as a result...
The decline in inflation increased the prospects of interest rate cut
... On Sunday, MPC member Gertjan Vlieghe told the Financial Times, depending on how the economy has already taken off since the December election the members of the MPC could make the current inflation figure with a pinch of salt, said Samuel Tombs, chief UK economist at Pantheon macroeconomics...
UK house price growth low for a year, says Nationwide
... Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: November s month-to-month gain in Nationwide s index was the biggest since July 2018, indicating that support from the recent fall in mortgage rates is starting to kick in...
Inflation falls to three year low as energy prices fall
... But Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said the inflation measure should rise back to 2% in the second half of 2020 so he doubted that rates would be cut soon...
Nationwide: UK house prices continue surge, up 10% in November
House prices in the UK have returned to double-digit growth following a slowdown in The Market after the stamp duty holiday came to an end.
Annual house price growth hit 10% in November , according to the Nationwide Building Society.
That was an increase from The 9 . 9% growth seen the month before.
But Nationwide's chief economist Robert Gardner Said it was still unclear what impact the new Omicron variant would have on a " buoyant" housing market.
The average price of a UK house was £252,687 in November - nearly 15% higher than March 2020, when the coronavirus crisis started.
Mr Gardner Said : " There have been some signs of cooling in housing market activity in recent months; for example, The Number of housing transactions were down almost 30% year on year in October. "
" But This Was almost inevitable, given the expiry of the stamp duty holiday [in England and Northern Ireland ] at The End of September, which gave buyers a strong incentive to bring forward their purchase to avoid additional tax. "
He added that fewer people being made redundant than expected after The End of The Furlough scheme could provide a further boost to The Market .
Cost of livingConsumer confidence, however, has been dented by a sharp increase in everyday prices since the economy reopened, Nationwide suggested.
The increase in the cost of living surged at its fastest pace in almost 10 Years , hitting 4. 2% in the year to October,
The Bank of England has Said it may have to raise interest rates in the " coming months" to tackle soaring costs.
Samuel Tombs , chief UK economist at Pantheon Macroeconomics, suggested linked mortgage rates could also head upwards as a result.
" Households can lengthen mortgage terms to offset The Hit to monthly repayments from higher rates, " He Said .
" In addition, the proportion of incomes that households are prepared to devote to housing might have risen permanently due to the pandemic and the long-term shift to working from home. "
But he still expects that house prices will stagnate in The First half of 2022, and only rise slowly in the Second Half if mortgage rates rise enough over The Coming months.
Martin Beck , senior economic adviser to the EY Item Club, Said that a recent decline in mortgage approvals " bodes well for the housing market avoiding a significant correction now that stamp duty has returned to its normal level".
He also pointed out a shift in working patterns during the pandemic meant home-buyers were looking for bigger properties, prompting a " race for space".
That demand has been boosted by savings that some households have managed to accumulate during the pandemic, as well as a " little-damaged" jobs market emerging from the pandemic, He Said .
Source of news: bbc.com
