Movera comments on inflation

21 May 2025

Nick Hale, CEO at Movera, says:

"Today’s CPI figures from the ONS, showing a rise in inflation, serve as a stark reminder that the path to economic stability is rarely linear. A cut to the base rate has always been a tug of war between stimulating growth and keeping inflation in check – and right now, that balance feels even more precarious.

“Some of the uptick may well be down to the March stamp duty deadline – the first real implementation of Labour’s Budget last autumn. As expected, it prompted a flurry of activity in the housing market, driving short-term demand not just for property, but for the many services and goods tied to moving home. That momentum can temporarily feed through to inflation, even if it’s unlikely to persist.

“For borrowers, this will do little to ease concerns around affordability. But at Movera, we remain focused on giving movers the confidence and certainty they need – whatever the economic weather.”