Hey everyone, it's Robby here with Rob D and you are listening to the property podcast.

It's market update time.

We bring your news on stamp duty reform, record yields, huge investments, but also a bit of negativity as well.

It's all in there.

It's a big melting pot of news this month.

You do not want to miss it.

Welcome to the Property Podcast. In case you don't know, we run a business that helps our clients invest over £100 million in property every year. You can find out about that

of Property Hub.net slash invest. And every month on the podcast, we take everything that we've been learning about

the market and reading about the market and wrap it all up in this market update episode for you.

So let's get straight into it. Right, let's begin. And let's start with our first new story.

A bit of a reminder. It happened a few weeks ago and we did mention it on the pod, but it's important

for all of us with the Bank of England held rates at 3.75%.

There was a split in the votes. Seven for hold, two for a hike. Yes, a hike. There was only two

people, and it doesn't look like there will be a hike in the coming months, but it's interesting

how quickly things can change, Rob. It is, and they're walking this really tricky path at the moment, because inflation is too high, not as radically high as it has been in the past, currently 2.8%. So you think, oh, we want to bring down inflation, so let's put up rates. But at the same time, the latest employment figures are out and are not looking so good. The economy has lost 138,000 employees over the last year.

Unemployment has hit 4.9%. So the economy, not doing so well, suggesting that actually you shouldn't

increase rates at all because it needs a bit of a helping hand rather than the brakes being put on.

And while at the same time, the latest public borrowing figures have come out, and the

government has borrowed $7.7 billion, a mere $7.7 billion more than they thought they would,

meaning that they're likely going to have to come back for more tax in the autumn budget to try

to balance the books. So for the Bank of England trying to make this decision, and for our

almost certainly incoming PM, Andy Burnham, not an easy task to make this decision, and for our almost certainly incoming PM,

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