Macro Nugget: Keir Starmer is building for a reason
Rents in the UK are still skyrocketing
![Free Macro Nugget](https://stenoresearch.com/wp-content/uploads/2024/04/Free-Macro-Nugget.png)
As Keir Starmer begins his tenure as Prime Minister of the UK, a primary focus of his administration is the ongoing housing crisis. The steep increase in rent inflation underscores the urgency of this issue, with year-on-year figures escalating rapidly. This is also a key factor influencing the Bank of England, which appears to be the last among G7 central banks likely to reduce rates.
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