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Interest Rates: The Industry Review

The Bank of England took advice from the Organisation for Economic Co-operation and Development (OECD) and kept interest rates on ice at 5%. But will keeping interest rates at the same level until 2009 help or hinder the housing market in the long-term? Show House online asked some industry experts:
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Bids build for Barratt division

British Land and Land Securities are understood to be considering purchasing Wilson Bowden Developments from Barratt.
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Bank of England ignores industry’s plea to cut interest rates

The Bank of England has ignored the industry’s pleas for an interest rate cut, in keeping the rate static at 5% as part of a plan to keep inflation at bay.
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March

It prepares to open its new office in Milton Keynes, while appointing two industry residential experts to head up its Bristol team.
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