Bank Rate Rises to 4% as London Housing Finds a Procurement Window
The Bank of England raised Bank Rate from 3.75% to 4% on 5 November 2026, its first increase in more than three years, adding pressure to a London housing market already struggling to turn planning permissions into construction starts. The Monetary Policy Committee voted 8–1 for a quarter-point increase, responding to higher energy prices and inflation expected to reach around 5% by mid-2027. …