Banking sector warns against irresponsible lending after PM’s low deposit mortgage pledge October 7, 2020 The banking sector has cautioned against irresponsible lending after the Prime Minister announced plans to help millions of potential buyers onto the housing ladder by allowing low deposit mortgages. Boris Johnson yesterday said he wants to turn “generation rent” into “generation buy” by allowing people to purchase homes with a five per cent deposit. The [...]
In full: PM Boris Johnson’s Tory conference speech in full October 6, 2020 Boris Johnson took the stage Tuesday for the Tories’ virtual party conference, announcing policies on 1:1 teaching and low-deposit mortgages, but also promising to unleash the private sector. Here’s the text in full. Good morning conference, I want to begin by thanking you for everything you did at the election, pounding the streets in the [...]
Boris Johnson reveals plans to cut deposits in bid to boost home ownership October 6, 2020 The Prime Minister has announced plans to help millions of Britons onto the housing ladder by allowing home-hunters to buy a property with a smaller deposit. Speaking at the Conservative Party conference today Boris Johnson said he wants to turn “generation rent” into “generation buy” by reforming the UK’s planning system. The government is planning [...]
Why a second lockdown could turn the lights out on the UK economy October 5, 2020 We have reached a crucial flexion point in the fight against Covid-19, and with this comes new, tighter rules to curb a possible second wave. There is now rising concern that a second wave may result in a second national lockdown, and businesses are urgently seeking reassurance from the government that they will be able [...]
Coronavirus: Boris Johnson says it’ll be a bumpy road until Christmas, as new Covid-19 cases top 10,000 October 4, 2020 Prime Minister Boris Johnson this morning said it’ll “be bumpy until Christmas” dealing with the coronavirus outbreak. The PM told the BBC the government was taking a “balanced” approach between saving lives and protecting the economy. “The best thing we can do now for all those who have suffered in the course of this pandemic [...]
Measures to suppress Covid-19 are causing untold damage to students and young people September 30, 2020 The motto of the Young Money Blog is “don’t get mad — get informed”. But in recent weeks and months, I’ve found it hard not to get mad. As we try to head into an uncertain and bleak winter, emergency laws designed to curb the spread of Covid-19 are fast becoming a moral and economic [...]
Who speaks for business? Government advice in a crisis September 25, 2020 It has been another week of regulations and restrictions, another round of measures to try to beat the Covid-19 spread which has started to creep up again as we move into autumn. On Monday, the government sent its top boffins, Professor Chris Whitty and Professor Sir Patrick Vallance, to face the press unchaperoned. This, surely, [...]
Brexit: Prime Minister urges Tory MPs to back him over bill September 12, 2020 Boris Johnson pleaded for Conservative MPs to support his plans to override part of the Brexit Withdrawal Agreement in a Zoom call late on Friday. The Prime Minister told around 250 Tory MPs on the video call that the party must not return to “miserable squabbling” over Europe. He is hoping to pass an Internal [...]
Boris Johnson faces Tory revolt over new lockdown restrictions September 11, 2020 A number of Tory backbenchers have declared their opposition to the reintroduction of lockdown measures. Earlier this week, Prime Minister Boris Johnson announced that social gatherings would again have to be limited to six people from Monday following a spike in positive coronavirus cases. But the reintroduction of this restriction has reportedly divided current ministers [...]
Johnson says he’s more optimistic than Barnier on post-Brexit trade deal July 3, 2020 Prime Minister Boris Johnson said he is more optimistic than European officials about the prospect of Britain securing a post-Brexit trade agreement, but said the UK could still leave the bloc without a deal if needed. Johnson said he was a bit more optimistic than chief EU negotiator Michel Barnier, who said this week that [...]