Now is not the time to reform Help to Buy – it’s the time to scrap it entirely September 5, 2018 Housebuilders weighed on the FTSE yesterday following reports that the government is unlikely to extend the Help to Buy programme – in its current format – beyond 2021. Help to Buy has been doping up the housing market for more than half a decade since former chancellor George Osborne revealed his plan to stimulate demand. Prices [...]
Eurozone producer price inflation spikes due to rising energy prices September 4, 2018 Eurozone producer price inflation accelerated above expectations in July, powered by a rise in expensive energy prices. Producer prices among the 19 countries in the Eurozone rose 0.4 per cent month-on-month and four per cent year-on-year in July, according to data released by Eurostat this morning. Read more: Petrol station merger could drive up fuel [...]
Mark Carney says he is willing to stay on as Bank of England governor September 4, 2018 Mark Carney today said he is willing to do whatever he can to promote a smooth Brexit process when asked if he will stay on as Bank of England governor. Carney said he is "not in a position" to make an announcement today, but said he expects the Treasury to make an announcement "in due [...]
Lehman Brothers 10 years on September 4, 2018 | City Talk It’s hard to believe that it’s almost ten years since financial markets globally underwent a cardiac arrest that brought the world economy to its knees. Financial markets had already been on a slow downward slope in the lead up to events in September 2008, over concerns about the stability of the global financial system that [...]
Business expense fraudsters are burgling from the boardroom’s bottom line September 4, 2018 Running a business costs money. That may sound simple – and in many ways, it is. From paying staff to keeping the lights on, some costs are all part of the never-ending challenge of running a business. But when it comes to employee expenses, things are rarely simple. With wide-ranging rules and limits often being [...]
Construction sector faces renewed slowdown in August as infrastructure projects lag September 4, 2018 Activity in the British construction sector slowed in August as housebuilders and civil engineering firms held back from projects, according to a bellwether survey of the industry. Expansion in the sector waned to a three-month low, with IHS Markit's purchasing managers' index (PMI) today retreating to a reading of 52.9 points, from a strong 14-month [...]
Corbyn won’t stop until the government controls everything September 4, 2018 Back in November 2013, the general secretary of the Unite union, Len McCluskey, outlined what he believed was so refreshing about then Labour leader Ed Miliband’s platform. “What is particularly important is the underlying rationale for what Ed has proposed,” McCluskey boomed. “There are some things too important to be left to the market.” “Too [...]
Hot weather and high fuel prices drive consumer spending up in August September 4, 2018 Consumers spent an extra 4.5 per cent year-on-year in August, driven by hot weather and high food and fuel prices. Spending on petrol climbed to 10.9 per cent, while there was a five per cent increase in supermarket spending. Brits also flocked to pubs to enjoy the last of summer, spending 11.9 per cent more [...]
Bank of England governor Mark Carney to face grilling on future after Downing Street intervention September 3, 2018 Mark Carney faces a grilling on his departure from the Bank of England tomorrow after 10 Downing Street today insisted he is still on track to leave Threadneedle Street in 2019. Carney is currently set to lead the Bank until the end of June 2019, three months after the UK leaves the EU, but 10 [...]
Downing Street says Mark Carney still set to leave the Bank of England in 2019 September 3, 2018 Mark Carney is still on track to leave the Bank of England in 2019 according to the Prime Minister's spokesperson, in spite of reports he may be considering an extension to his time as governor in Threadneedle Street. Carney is currently set to lead the Bank until the end of June 2019, three months after [...]