{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Lloyds Predicts Rate Cuts And Property Price Increases In 2024' data-url='/boclips/videos/68779567d9c49fa3ffc42185' data-video-url='/boclips/videos/68779567d9c49fa3ffc42185' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nLloyds Predicts Rate Cuts And Property Price Increases In 2024\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eLloyds Bank has offered a boost to homeowners and those trying to get on the property ladder when it said prices will rise, but the cost of new mortgages will fall.It's predicted that the Bank of England will cut rates three times by the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eLloyds Bank has offered a boost to homeowners and those trying to get on the property ladder when it said prices will rise, but the cost of new mortgages will fall.\u003cbr/\u003eIt's predicted that the Bank of England will cut rates three times by the end of the year.\u003cbr/\u003eThere has been a change of mind on house prices, which are now expected to rise 1.5% this year.\u003cbr/\u003eThis is much better than a 2.2% fall which was previously predicted.\u003cbr/\u003eChief Financial Officer William Chalmers has stated that there is a “more benign economic outlook.\"\u003cbr/\u003eChalmers also believes that the housing market has proved more resilient than expected.\u003cbr/\u003eUnemployment rates are expected to stay low and Lloyds is seen as a proxy for the performance of the wider UK economy.\u003cbr/\u003eA 28% fall in first-quarter profits to £1.6 billion has been reported. There was an impairment charge of £57 million compared to loans of £448 billion.\u003cbr/\u003eThere was less mortgage lending in the quarter than in the prior period as customers sat tight with worries about the cost of living swirling.\u003cbr/\u003eLloyds reassured the City by saying results this year would be in line with expectations, though profit margins will fall to 2.9% from 3.22%.\u003cbr/\u003e\"Guided by our purpose, we are continuing to support customers and successfully execute against our strategic outcomes… This underpins our ambition of higher, more sustainable returns that will deliver for all of our stakeholders as we continue to help Britain prosper,\" shared Charlie Nunn, CEO of Lloyds Banking Group\u003cbr/\u003eLloyds shares have been in the doldrums for years. Now they've slipped 2% to 50p. 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