Fewer tenants are in serious rent arrears thanks to an improved jobs market June 15, 2016 The improving employment market means that fewer tenants are falling into arrears, according to data released today. Research from lettings agents Your Move and Reeds Rains shows 3,100 fewer households were in serious rent arrears in the first quarter of 2016 as compared to the previous quarter. As a result of the improving situation from tenant [...]
Retail sector would face more red tape if we leave the European Union, according to the Economist June 15, 2016 As if the retail sector didn't have enough to deal with following the collapse of Austin Reed and BHS, it now must contend with the possibility of further losses if the UK votes to leave the European Union, according to a new report. The report from the Economist Intelligence Unit says that rather than cutting [...]
MSCI denies China A-shares from its indices June 15, 2016 Chinese mainland shares were denied entry into the MSCI index yesterday, making it the third time the country's domestic markets were shunned by the index provider. MSCI had raised expectations it would accept China A-shares when it laid out a plan for inclusion earlier in the year, saying its close work with Chinese regulators had [...]
City Moves for 15 June 2016 | Who’s switching jobs June 15, 2016 JC Rathbone Associates Risk management consultancy JC Rathbone Associates (JCRA) has appointed Shripal Shah as director of real estate debt advisory. Shripal will join JCRA in August following 12 years at HSBC where he was head of real estate finance for the UK and the Middle East. At HSBC he was involved in number of [...]
The City of London will prosper in or out of the European Union June 15, 2016 A friend tells me why he is voting Remain. “My wife works for a French bank and they would pull out of London if we left the EU.” That’s fair enough. Assuming the French bank set up in London to access the EU, then it’s logical to assume it would leave after Brexit. But a [...]
MPs cast doubt on government promises to working parents, warning that the early years system might not be capable of delivering on free childcare plans June 15, 2016 MPs have today warned the government may not be able to deliver on a set of promises designed to benefit working parents. A report by the Public Accounts Committee (PAC) warned that there may not be enough childcare providers to fulfil the government's pledge of an additional 15 hours of free childcare a week to working families [...]
Labour deputy leader Tom Watson to argue that a Remain vote in the EU referendum would create one million new jobs June 15, 2016 Labour deputy leader Tom Watson will today claim that remaining inside the EU would create more than a million jobs in the UK by 2030. Speaking in London tomorrow, Watson will argue that future EU trade would open up markets in digital services energy and tourism. Treasury figures have forecast that long-term benefits of a [...]
None of the alternatives are better than single market, non-EU business groups warn June 15, 2016 Business groups from across the world have warned that the UK's current access to the single market beats all alternatives. In a report issued by the Confederation of British Industry, groups representing firms in Albania, Norway, Switzerland and Canada – all cited by Leave campaigners as models for potential alternatives – have said the UK [...]
George Osborne and Alistair Darling to forecast £30bn of revenue raising after a Brexit vote June 15, 2016 Chancellor George Osborne is to team with his immediate predecessor to warn that a Brexit vote would trigger an emergency “Brexit budget”, with the aim of raising £30bn. Osborne and former Labour chancellor Alistair Darling will today forecast tens of billions of spending cuts and tax rises if the UK votes to leave. The pair [...]
Financial markets rocked as Leave campaign gains clout June 15, 2016 Financial markets were rocked yesterday as referendum jitters wiped around £30bn off the value of the UK’s top companies and sent investors fleeing for safe havens. The FTSE 100 crashed below the 6,000 mark, ending the day at 5,923 – its lowest finish since 24 February. The blue-chip index has now lost six per cent – [...]