Home shortage eases
THE shortage of homes for sale began to ease during February as more properties were put on the market, research showed today. The Royal Institution of Chartered Surveyors said the number of people selling their home rose quicker than the number of potential new buyers entering the market for the second consecutive month during February.
The previous mismatch between supply and demand has been seen as a key factor supporting the house price recovery. The group said both new instructions to sell and new buyer inquiries rebounded during February after being depressed in January due to the bad weather and the end of the Government’s stamp duty holiday.
BA talks complete
CRUCIAL talks aimed at averting strikes by British Airways cabin crew are set to end today with time running out on reaching a deal before industrial action is called. Officials from Unite have been embroiled in negotiations with the airline for months in a bid to resolve a bitter row over cost-savings, including cuts in cabin crew. Union members twice voted massively in favour of industrial action, but Unite held off naming strike dates, preferring to continue with negotiations, which were held under the auspices of the TUC.
