UK cabinet minister Sajid Javid proposes government borrowing to kick-start housebuilding October 22, 2017 Housing secretary Sajid Javid has made a bold pitch to chancellor Philip Hammond ahead of next month’s Budget, arguing that the government should borrow billions of pounds to fund the infrastructure needed to boost Britain’s supply of new homes. Speaking at the start of a separate eight-week review into the process of buying and selling [...]
Budget 2017: Government told to show restraint on EIS tax relief for startup investment in Patient Capital Review October 22, 2017 The government has been warned not to crack down on tax breaks for investors betting on early stage companies amid a major review into funding. The Enterprise Investment Scheme (EIS) faces an uncertain future as the Treasury is reportedly considering clamping down on the tax-relief scheme which is designed to encourage investment in startups. Read [...]
Bitcoin price falls back below $6,000 and off all-time highs October 22, 2017 The price of Bitcoin has fallen back from the all-time highs it hit on Saturday and back under the $6,000 mark. It smashed through that figure for the first time on Friday, just over a month after it first broke $5,000, and pushing the total market capitalisation above $100bn. Bitcoin has fallen back from highs, [...]
Sainsbury’s suits up: Supermarket to sell smart mens clothing range October 22, 2017 Discerning gentleman will now be able to pick up this season’s smartest suits with their weekly supermarket shop. Sainsbury’s is making a move on Saville Row with a new range of suits from its fashion brand Tu. Two ranges Tu Formal and Tu Premium will launch online and in 250 stores across the UK with [...]
The end of gazumping? Government plans a house-buying shake-up to make it less stressful October 22, 2017 House-buyers are being promised new assurances that could speed up the process of purchasing a home and end gazumping. Communities secretary Sajid Javid has launched a new review seeking feedback from across the industry on a shake-up to the home-buying process. It could include “lock-up agreements” preventing sellers from ditching an offer for a higher [...]
Bitcoin surge continues as $6,100 mark left behind for new record high October 21, 2017 The US dollar value of bitcoin flew past $6,100 (£4,600) today to hit a new record high as the astonishing acceleration of the cryptocurrency continued. Bitcoin only broke through the $6,000 mark for the first time on Friday afternoon, but a surge of buying quickly pushed its value almost as high as $6,200. One bitcoin [...]
Bitcoin just broke past the $6,000 mark after reports China is rolling back on cryptocurrency ban October 20, 2017 Bitcoin has surged past the $6,000 mark. A tweet by Swiss blogger @Russian_Market attributed the increase to the fact that China has published no further ban on the cryptocurrency. Bitcoin is surging after no further ban published in China— Russian Market (@russian_market) October 20, 2017 The news comes a month after China clamped down on [...]
Editor’s Notes: Work on a trade deal has begun, even if the EU hasn’t noticed, Labour turns against the City of London Corporation and Art 4 Grenfell October 20, 2017 Another week, another round of the Brexit dance in Brussels. The Europeans are inching towards the next phase of talks, though with “sufficient progress” not yet being confirmed they’re talking about commencing internal discussions about preparing for the next round. While this slow pace is infuriating, it’s always worth looking behind the public statements to [...]
Driverless cars are coming to the streets of Britain following £51m of government funding October 20, 2017 Get ready for the autonomous revolution – driverless cars are set to hit the UK’s streets in the next two years. The government has awarded four projects a total of £51m in funding to create the environments needed to test connected and autonomous vehicle (CAV) technology. The projects were the first to be funded from [...]
There is no perfect time to invest, so seize the day October 20, 2017 | City Talk For those who have a mind to find one, there is always a reason not to invest in the equity markets and yet, remain forever in cash and over the longer term you are likely to be materially worse off. Everything in life, as Albert Einstein knew, is relative – even the threat of nuclear [...]