Property: Market now faces acute supply shortage after buying frenzy August 26, 2021 Housing stock levels are down 26.4 per cent compared to the 2020 average, as buyer demand has eroded existed supply. While buyer demand remains strong, up 20.5 per cent, stock supply will remain low into next year, according to the property platform Zoopla’s monthly House Price Index. The property market is experiencing its greatest stock [...]
The UK’s plans for Afghan refugees will be a test of the nation’s moral character August 26, 2021 The UK has promised to welcome 20,000 Afghan refugees fleeing the Taliban. The proposal looks set to mirror a scheme introduced at the height of the humanitarian crisis in Syria, under which more than 20,000 vulnerable refugees have been resettled by the start of 2021. In its first year, the Afghan Citizens’ Resettlement Scheme will [...]
Barclays invests £294m to expand India operations – CityAM : CityAM August 26, 2021 Barclays has announced plans to invest more than 30bn rupees (£293.9m) in its India unit to expand operations. The infusion of capital will enable Barclays, which has operated in the Asia Pacific region for 50 years, to grow its Corporate and Investment Banking and Private Clients businesses. Barclays offers financing, advisory and risk management services [...]
Lorry drivers’ wage growth surges more than seven times UK average as firms hike pay amid worker shortages August 26, 2021 Wages for lorry drivers are soaring as UK logistics businesses scramble to scale staffing levels to clear a swelling backlog of delivery orders, according to fresh figures published today. Research from job site Indeed shows salaries for driving jobs have surged more than seven times faster than the average wage growth recorded for all jobs [...]
Britain and its allies must not use the IMF’s new special drawing rights to heap more debt on poor countries August 26, 2021 In 2008, the IMF created Special Drawing Rights (SDRs) – an international reserve asset used to supplement member countries’ official reserves – in response to the global financial crisis. This week it has done so again with a new target in mind: coronavirus. The IMF estimates ending the pandemic could inject $9tn into the global [...]
Britain and it’s allies must not use the IMF’s new special drawing rights to heap more debt on poor countries – CityAM : CityAM August 26, 2021 In 2008, the IMF created Special Drawing Rights (SDRs) – an international reserve asset used to supplement member countries’ official reserves – in response to the global financial crisis. This week it has done so again with a new target in mind: coronavirus. The IMF estimates ending the pandemic could inject $9tn into the global [...]
Afghanistan: More than 11,000 people evacuated from Kabul by UK armed forces August 25, 2021 UK armed forces have evacuated more than 11,000 UK and Afghan nationals from Kabul since the Taliban took control of the nation, the Ministry of Defence confirmed tonight. So far 11,474 people have been flown out of Kabul since the mission began on 13 August. The tally includes embassy staff, British nationals,Afghan nationals under the [...]
Rallying retail stocks lift FTSE 250 to fresh record high August 25, 2021 A rally among retail and consumer goods stocks drove the mid-cap FTSE 250 to a fresh record high today. The domestically-focused mid-cap index pulled back slighlty from morning gains that saw it reach a new summit, but it registered its highest closing score ever, up 0.42 per cent today to 23,986.37 points. Over the last [...]
Extinction Rebellion: Number of XR protesters arrested in London nears 200 August 25, 2021 The number of people arrested at Extinction Rebellion (XR) events in London protests since Sunday has almost reached 200 as the environmental group targeted the Oxford Circus area. The Metropolitan Police said as of 6pm tonight, another six had been arrested for a “variety of offences”. Now the total number of arrests made over the [...]
City watchdog fires warning shot at insurance industry over lack of preparedness for fresh regime August 25, 2021 The UK’s City watchdog has fired a warning shot at the insurance industry by urging firms to rapidly improve their standards to ensure they comply with a fresh regime that comes into effect in just six weeks. According to a new report published by the Financial Conduct Authority today, insurance firms are not ready for [...]
