Government moves to ban controversial ‘no-fault’ evictions April 15, 2019 The government will ban landlords from evicting tenants at short notice without providing a reason, it announced today, as it continues its shake-up of the private rental sector. Read more: Private Rented Sector investment to hit £75bn by 2025 The move was applauded by campaign groups for giving renters security and a ban has cross-party support, but landlords [...]
London’s junior stock market sees fewest IPOs in ten years in first quarter April 15, 2019 Flotations on London’s junior stock market fell to the lowest level in a decade in the first three months of the year amid political and economic uncertainty, new analysis has shown. Read more: London Stock Exchange to buy €278.5m stake in Euroclear London’s Alternative Investment Market (Aim) saw just one company offer up shares for [...]
Brexit impasse sends UK business confidence plummeting, new surveys show April 15, 2019 The political crisis surrounding Brexit has sapped confidence from some of the UK's biggest and smallest companies alike, as crunch talks between Labour and the Conservatives reach a “delicate stage” this week. Read more: MPs could be forced to choose a Brexit option if talks with Labour fail More than eight in 10 finance chiefs [...]
UK stats body to receive £9m to develop ‘super fast’ economic indicators April 12, 2019 The UK’s statistics body will receive a funding boost of £9m to help develop new “super fast” economic indicators to help it more accurately measure Britain’s increasingly complex economy. Read more: UK statistics body to start using new, quicker indicators The money will also allow the Office for National Statistics (ONS) to implement a new [...]
Could Jacob Rees-Mogg soon be off to 11 Downing Street? April 12, 2019 The Conservative party has a shortage of the political equivalent of rock stars. These are the politicians that the public would not merely recognise (already a rather an elite cohort), but actually might cross the road to ask for an autograph – or, more usually these days, a selfie. Boris Johnson has this star quality, of course. [...]
The euro falls as ECB chief Draghi delivers pessimistic verdict on Eurozone economy April 10, 2019 The European Central Bank (ECB) kept up recent tradition today when it announced it would hold interest rates at record low levels and reaffirmed that it will not raise them before the end of 2019. Read more: US threatens tariffs on $11bn of EU goods ECB boss Mario Draghi struck a more pessimistic tone than [...]
Jeremy Corbyn and Alexandria Ocasio-Cortez love Modern Monetary Theory, but it is just the magic money tree again April 10, 2019 As the Brexit process unfolds, the possibility of a Corbyn government has become much more tangible. Last month, John McDonnell, the shadow chancellor, wrote to the Treasury to say that in power he would require them to “widen the range of economic theories and approaches in which its officials and those in the rest of [...]
Britain’s economy grows faster than predicted in February April 10, 2019 The UK economy grew by 0.3 per cent in the three months to February, a better-than-expected result as the country counts down to Brexit and faces a weak global economy. Read more: No-deal Brexit could tip UK and EU into recession, IMF says In February Britain’s economy grew by 0.2 per cent, figures released today [...]
No-deal Brexit could tip UK and EU into recession, IMF says April 9, 2019 A no-deal Brexit could see both Britain and the EU slide into a two-year recession in a worst-case scenario, the International Monetary Fund (IMF) has said. Read more: IMF director says majority of countries will see growth slow in 2019 The UK economy will grow by less than previously thought even with a deal, the [...]
Airbus claims US trade sanctions on its aircraft are excessive April 9, 2019 Airbus has hit back against a move by the United States to impose trade sanctions on its aircraft which pushed the manufacturers shares down this morning. The US Trade Representative's office has said it is considering slapping tariffs on $11bn (£8.4bn) worth of goods from the European Union, including Airbus planes. Read more: Airbus shares soar [...]