Well, the latest news on UK real estate market is pouring in that the Bank of England has cut interest rates to a record low of 1 percent to restore the worst hit real estate property investment sector.

Can you believe it that the interest rates have now been cut five months on the trot and this is at the lowest level in the Bank’s 315-year history.

Economist Ros Altman said: “This is another policy mistake. More panic cuts are not the answer to our economic crisis. Policymakers are desperately trying to boost the flagging economy and encourage more spending… but lower rates are a very crude weapon. They punish those who have got money to spend while benefiting the very groups (banks in particular) whose actions caused the mess in the first place.”

This move alone is not enough as a general consensus comes in that rate cuts Bank of England should do more to get banks lending again.

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