Rate of home ownership in the UK may be much lower than official data suggests, claims think tank December 27, 2016 The level of home ownership in the UK may be lower than conventional rates suggest, with many more now renting, according to new research. Many people now share ownership of a property or live as lodgers, suggest the Resolution Foundation think tank, meaning an official estimate of a 64 per cent home ownership rate may be [...]
UK could save nearly £40bn a year by leaving single market and customs union, claims pro-Brexit campaign group December 27, 2016 The UK could save nearly £40bn a year if it left both the European single market and customs union in a "clean Brexit", pro-leave group Change Britain has claimed in a new report. Change Britain, which is backed by a host of former Leave campaigners including Michael Gove, Nigel Lawson and Gisela Stuart, says cutting loose [...]
The UK must leave the EU Single Market if it is to realise Brexit opportunities says Mervyn King December 26, 2016 Leaving the European Union offers “real opportunities” for the UK – as long as it is outside the Single Market – according to former Bank of England governor Mervyn King. Lord King also said the UK should be more “self-confident” in its approach to leaving, while saying that immigration controls were non-negotiable. “There are many [...]
Theresa May uses Christmas message to call for post-Brexit unity December 24, 2016 Theresa May has used her first Christmas message as Prime Minister to call on Britain to come together as it negotiates its exit from the European Union. In a speech that drew on her Christian faith, May said the country was faced with an "historic opportunity" thanks to Brexit and asked people to think of persecuted Christians around the [...]
Brexit, six months on: City leader demands government allays uncertainty in the Square Mile December 23, 2016 Doesn't time fly? Just six months ago half the nation was celebrating the Britain's decision to unshackle itself from the EU, while the other half had that knot in the pit-in-the-stomach feeling. The good news so far is the sky hasn't fallen in. And this was after 2016 continued to shock and surprise us from a [...]
US President-elect Trump said the US needs to expand its nuclear capability December 22, 2016 Donald Trump today called for the expansion of America's nuclear weapons capabilities until the world "comes to its senses". In a Tweet, naturally. The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes — Donald J. Trump (@realDonaldTrump) December 22, 2016 A [...]
Yes, Icahn: Donald Trump appoints Carl Icahn as special adviser December 22, 2016 Donald Trump has appointed billionaire investor Carl Icahn as a special adviser on regulatory reform. Icahn, who gave his backing to Trump’s presidential bid in September 2015, “will be a leader in helping American entrepreneurs shed job-killing regulations that stifle economic growth”. Read more: Carl Icahn buys into Botox with Allergan stake, pushing up the [...]
All I want for Christmas is… an ultra-hard Brexit (and nine other pro-growth policy wishes) December 22, 2016 Here is my Christmas wish list for Santa. Ten policy measures which, if implemented, would make future growth prospects truly joyous, with Christmas every day of the week. But these are also economic policy measures Santa won’t be too familiar with, as he boards his sleigh somewhere north of the Nordic economies. I don’t pretend [...]
Editor’s 2016 review: It’s been a year of momentous political change, but there’s every reason to look to the future December 22, 2016 Attempting to reflect such an extraordinary year with just a handful of our own front pages was always going to be difficult, but I thought we’d give it a go. The front page of City A.M. is (to borrow a phrase from our marketing department) the front door of our brand. The choice of splash, [...]
Does ultra-loose monetary policy work? The Treasury Committee wants to find out December 22, 2016 The Bank of England’s (BoE) post-financial crisis loose monetary policy may have had “unintended consequences”, according to the head of the Treasury Select Committee (TSC). TSC chair and Conservative MP Andrew Tyrie is set to launch a new inquiry into post-2008 central bank policy, which will investigate how effective low interest rates and accommodative instruments such [...]