Inflation down – house prices up

Inflation has dropped to just 1.5 per cent – its lowest for four and a half years.
The drop in the annual rate of price growth in May from 1.8 per cent in April was helped by the first annual fall in food prices since 2006.
Economists believe the fall in the Consumer Prices Index (CPI) measure of inflation may give the Bank of England more flexibility in holding off interest rate rises this year – good news for housebuyers and those seeking to remortgage.
The new inflation figures were released by the Office for National Statistics today.
Experts believe a supermarket price war may be behind the 0.6 per cent fall in food prices in May.
The ONS said other goods including drinks and clothing also fell in value as well as air fares.
Bank of England governor Mark Carney last week hinted that the first rise in the base rate of interest could come sooner than expected – possibly in the autumn.
It is the sixth month in a row that inflation is below the Bank’s 2 per cent target and lifts pressure on the Bank to increase the historic low interest rate of 0.5 per cent.
Separate figures from the ONS also showed a continued rise in house prices – a 9.9 per cent increase in the 12 months to April up to £260,000.
The rate of inflation, as measured by the Retail Prices Index (RPI) fell to 2.4% in May from 2.5% in April. RPI includes housing costs such as mortgage interest payments and council tax but CPI does not.
Visit http://www.bbc.co.uk/news/10612209 for more about inflation.

Inflation has dropped to just 1.5 per cent – its lowest for four and a half years. The drop in…

11th June 2024

Is your supply chain secure?

Disruption of critical infrastructure is becoming more and more prevalent with hackers targeting UK Government departments directly, with recent high profile and high impact attacks on the NHS (link) and UK MOD Payroll (link). Whilst the obvious targets would seem to be in the defence environment, hackers are looking to…
4th June 2024

McAndrew Martin proudly supports Thomas Bennett CC Fundraiser

McAndrew Martin proudly supports Thomas Bennett CC Fundraiser for St Catherine’s Hospice At McAndrew Martin, we believe in supporting our local communities. Recently, we were approached by our client, BAM FM, with a request to support the inspiring children of Thomas Bennett CC about sponsoring their efforts to raise funds…
28th May 2024

Empowering Future Engineers: Max Marshall inspires students at TBS, Ascension Island

At McAndrew Martin, we believe in nurturing curiosity and inspiring the next generation of engineers. Recently, our very own graduate engineer, Max Marshall, visited TBS (Two Boats School) on Ascension Island to engage with Year 11 students, to shed light on the fascinating realm of structural engineering. Max, who has…
23rd April 2024

Mc Andrew Martin Limited has been awarded a place on the Framework for Worldwide Electrical Inspection & Testing Programme

We are delighted to announce that following a rigorous tender process, Mc Andrew Martin Limited has been awarded a place on the Framework for Worldwide Electrical Inspection & Testing Programme in the Asia region covering a range of FCDO assets in some highly prestigious countries such as Hong Kong, Malaysia…
15th April 2024

A Glimpse into the Minds of our winners of the McAndrew Martin Ltd Staff Awards

As we celebrate the successes of the past year at MML, it’s time to recognise the outstanding individuals who have played a pivotal role in our achievements. Today, we have the privilege of hearing from some of our award winners as they share their thoughts and reflections. Lee Sergeant –…
4th April 2024

Bastion Protects as Partner of the Year

At our recent End of FY Presentation event, MML were delighted to invite our trusted partner Bastion Protects and present them with the award for MML’s Partner of the Year.Over the past 12 months, MML and Bastion Protects have joined forces on over 100 projects throughout the UK, consistently surpassing…
4th April 2024

McAndrew Martin Ltd completes MBO, backed by private equity firm Roycian Ltd

Roycian, the Private Equity firm backed by a portfolio of private investors and family offices, completes £7million MBO of specialist property services business, McAndrew Martin Ltd. Founded in 1989 by Bill McAndrew, McAndrew Martin is an award-winning, multi-disciplinary property services business, with its headquarters in Cosham, Hampshire. The business provides…
21st March 2024

Welcoming Dave Sykes as Director of Security

McAndrew Martin Ltd is excited to announce that David Sykes has joined our team as Director of Security to lead our new Security consultancy business. With 22 years in the British Army in security and intelligence roles, and a further 11 years supporting blue chip clients in UK, Dave brings a wealth…
13th March 2024

McAndrew Martin Ltd.’s Inaugural Staff Awards Ceremony

The inaugural Staff Awards Ceremony, hosted at the Portsmouth Marriott Hotel, marked a significant milestone in McAndrew Martin Ltd.’s history. Employees gathered for an afternoon dedicated to celebrating staff members’ efforts and providing crucial updates on the company’s direction. Here’s a brief recap of the afternoon: Bill McAndrew, our founder,…