London house prices dragged down by Zones 2 and 3 says Rightmove data January 15, 2018 The price of London homes coming to market fell sharply over the last year, as properties in Zones 2 and 3 slumped, according to new data to be published today. Homes brought to market in the capital are now an average of £21,000 cheaper, a 3.5 per cent fall over the last year, according to [...]
Consumer debt growth is not a new subprime bubble say FCA and Bank of England economists January 8, 2018 The recent surge in consumer lending to record levels will not be a rerun of the subprime borrowing bubble that crippled the world’s financial system in 2008, according to new research by City watchdogs. Credit growth is not being driven by the borrowers rated as most likely to default, according to a joint article published [...]
Indian economy to overtake UK and France next year as march of Asian economies continues December 26, 2017 The surging Indian economy will overtake the UK and France during the course of 2018 to become the fifth largest in the world, according to forecasts published today. Continued booming growth in India will contribute towards a rapid reorientation of the world’s economy towards Asia over the next 15 years, according to the research by [...]
Autumn Budget 2017: Hammond changes corporate capital gains tax rules November 22, 2017 Corporation tax was maintained at 19 per cent in today's budget, however, the chancellor announced chances to the way companies' chargeable gains are calculated. The corporate indexation allowance allows for the effects of inflation when calculating the chargeable gains of companies or organisations. Philip Hammond announced today that the indexation allowance will be frozen from [...]
Autumn Budget 2017: Chancellor Philip Hammond’s speech in full November 22, 2017 You can read the chancellor's Budget speech in full here: Mr Deputy Speaker I report today on an economy that continues to grow, continues to create more jobs than ever before and continues to confound those who seek to talk it down. An economy set on a path to a new relationship with our European [...]
The Royal Family is worth £1.8bn to the UK economy every year says report November 20, 2017 Britain’s royalty contributes nearly £1.8bn to the UK economy every year, according to a new analysis of the value of the monarchy to be published today. The biggest single benefit offered by the monarchy to UK economy comes in a £550m annual boost to tourism, according to Brand Finance research. The total monetary value of [...]
UK retains seventh spot in ease of doing business ranking October 31, 2017 The UK retained its spot as the seventh best nation in the world for ease of doing business, according to an influential ranking published today. The US leapfrogged the UK to move up to sixth overall, according to the 15th annual Doing Business report from the World Bank, published today. In 2015 the UK came [...]
Nobel Laureate Richard H. Thaler on the end of behavioural finance October 11, 2017 | City Talk Richard H. Thaler, the US economist who elevated the word ‘nudge’ to a political catchphrase, can now add ‘Nobel laureate’ to his impressive biography. In a statement, the Royal Swedish Academy said that Thaler, who won the 2017 prize in economics for his contributions to behavioural economics, “has incorporated psychologically realistic assumptions into analyses of economic [...]
Is a UK house price crash coming? The majority of people think so, survey finds September 17, 2017 The majority of people are expecting house prices to crash as concern grows around the property market. A new survey by YouGov for the Sunday Times reveals more than half think prices will crash within the next five years. And almost a quarter say the same, but within just a two year time frame. House [...]
This group of pro-Brexit economists says leaving the EU will add £135bn to economy August 20, 2017 A group of economists who backed Brexit have predicted that leaving Europe could add £135bn a year to Britain’s economy. Economists for Free Trade (EFT), formerly known as Economists for Brexit, calculate that a so-called hard Brexit would lead to a surge in national output worth around £5,000 a year for every household on average. [...]