Most UK tech professionals would consider moving abroad: US, Australia and Canada top of the list August 16, 2015 Silicon Roundabout has proved a lure for many UK tech professionals, but maybe the pull of good coffee and free wifi is wearing off. Nearly three quarters in the industry say they would consider moving abroad for work if the right job came up, according to a poll out today. The figures, based on a [...]
London house prices up nearly 10pc in August as first-time buyers hit hardest August 16, 2015 London house prices have had their most buoyant August for eight years, new figures show. Homes in Greater London are 9.7 per cent more expensive than they were in August 2014, property website Rightmove said today. House prices normally face a drop in August when compared with July, as the holiday period distracts buyers and [...]
Number of confident City workers looking to move jobs doubles in a year August 16, 2015 New figures show workers are becoming more eager to switch jobs, suggesting greater confidence in the economy. The number of professionals looking for new opportunities climbed by 27 per cent in July compared with June, recruiter Morgan McKinley said this morning. While summer tends to see more people looking for vacancies, the 15,866 workers both [...]
Homebuyers chase longer fixed rate mortgages as interest rate hike looms August 16, 2015 The prospect of interest rates coming off their record lows is prompting potential homebuyers to search for extended mortgages. Mortgages with a 30-year term, or longer, were considered by 21 per cent of those looking to buy between April and June, according to data published today by the Mortgage Advice Bureau (Mab), a brokers. Only [...]
Greek debt crisis: German chancellor Angela Merkel says there’s “no doubt” IMF will join third bailout August 16, 2015 In an attempt to assuage fears that a third bailout package for Greece will not have support from international creditors, German chancellor Anglea Merkel went live on national television today to express confidence in the IMF's involvement. Read more: IMF says Greece needs debt relief after new bailout deal In an interview on ZDF, [...]
Noflation: UK inflation expected to remain at zero August 16, 2015 Inflation is expected to remain at zero, or noflation as it has been dubbed, due to falling oil prices and a strong pound. Forecasters believe the official data from the Office of National Statistics due out on Tuesday, will show that prices remained the same in July. "Given renewed oil price weakness, with Brent crude [...]
Greek crisis: IMF says Greece needs debt relief after new bailout deal August 15, 2015 Managing director of the International Monetary Fund (IMF) Christine Lagarde has questioned the ability of Greece to service its debts without some kind of relief, as Eurozone finance ministers approved a third bailout deal. "I remain firmly of the view that Greece’s debt has become unsustainable and that Greece cannot restore debt sustainability solely through actions [...]
The UK 50-plus employment rate has hit a record high August 15, 2015 Britain's workforce is being bolstered by a sea of older workers, with the number of people aged 50 and over in employment at a record high. Official data released earlier this week showed the number of people aged between 50 and 64 who have a job rose by 50,000 in the last quarter. And this [...]
Greek crisis: Eurozone ministers agree to third bailout August 15, 2015 Eurozone finance ministers last night agreed to a third bailout deal for Greece, helping the cash-strapped country avoid bankruptcy and almost certain exit from the single currency bloc. "New loans of up to €86bn (£61bn) will be made available over the next three years to Greece," the European Commission said in a statement made after [...]
Eurozone economic growth misses expectations in the second quarter August 15, 2015 The Eurozone economy put in a disappointing performance in the second quarter, held back by France, despite the European Central Bank's (ECB) generous stimulus package. A flash estimate from Eurostat showed the 19-country bloc grew 0.3 per cent in the three months to June, down from 0.4 per cent in the first quarter, and coming [...]