Property Special: Will the Bojo mortgage fill the Help to Buy hole? May 23, 2022 The so-called Mortgage Guarantee Scheme (MGS), commonly known as the Bojo Mortgage, is a more market encompassing version of the Help to Buy scheme, allowing lenders the option to purchase a guarantee on mortgage loans for those with less than a 10 per cent deposit. Launched in April of last year, it can be utilised [...]
US issues final Brexit warning to UK not to take unilateral action as American delegation visits Dublin and Belfast May 23, 2022 The UK government has been warned by a delegation of US politicians not to unilaterally remove the Northern Ireland Protocol as such a move “will not work”. Democratic Congressman Dan Kildee urged Foreign Secretary Liz Truss to engage in face-to-face negotiations with Brussels to resolve the outstanding issues. It comes as the bipartisan US congressional [...]
‘Brexit is a mistake and London will be damaged’ warns Sir Howard Davies as NatWest chair claims ‘Boris Johnson hates the Treasury May 23, 2022 SIr Howard Davies, the chairman of banking giant NatWest, has called Brexit ‘a significant mistake’ as the City grandee said he is not very optimistic about the future of the UK. In fact, Sir Howard said he is concerned about the long-term impact Brexit will have on the City of London. In an interview with [...]
Boris Johnson says new package to fight cost-of-living crisis is coming: ‘No option is off the table’ May 23, 2022 Prime Minister Boris Johnson said this afternoon that “no option is off the table” to deal with the rising cost of living but added “I’m not attracted, intrinsically, to new taxes” in response to pressure to introduce a windfall levy on oil and gas firms. Johnson insisted there would be further help to deal with [...]
Traders increasingly short ‘awfully cheap’ Pound as inflation and cost-of-living crisis drive UK towards hard recession May 23, 2022 Traders are increasingly taking short positions against the Pound Sterling as the economic outlook for Britain deteriorates. Institutional investors, asset managers and other key players in the US, the world’s largest financial market, currently hold more than 128,000 short positions against the Pound, compared to just 32,000 long positions, according to the most recent figures [...]
Publicis Media unit wins competitive City pitch: abrdn names new performance marketing partner May 23, 2022 Starcom, part of Publicis Media, has won the much-followed digital assignment for global investment company abrdn, as part of a competitive pitch, the companies said this morning. The UK and EMEA assignment will be led from London by Starcom’s specialist performance marketing team, Performics, that will support abrdn’s ongoing rebranding efforts and digital transformation across [...]
Send poorest Brits a cheque and don’t hike corporation tax, George Osborne tells Rishi Sunak May 23, 2022 Former Chancellor of the Exchequer George Osborne is convinced a windfall tax is coming, despite the squabbling between Numbers 10 and 11, while also saying he would put a cheque in the post to the poorest families in the UK. Moreover, he disagrees with present Chancellor Rishi Sunak over the proposed rise in corporation tax. [...]
Senior Tory shrugs off partygate: Boris Johnson was given ‘a fine for eating a slice of cake between meetings’ May 23, 2022 Prime Minister Boris Johnson was given a fixed-penalty notice by the Metropolitan Police for eating a “slice of cake between meetings”, a minister said this morning. Simon Clarke, Chief Secretary to the Treasury, told ITV’s Good Morning Britain: “I do have confidence (in Boris Johnson) because the Prime Minister has apologised and I know very [...]
Shoreditch, Clerkenwell and King’s Cross become Crossrail winners as office rents skyrocket by as much as 123 per cent May 23, 2022 The much anticipated arrival of Crossrail has driven huge office rental growth in London submarkets, which have outperformed traditional hubs like the West End and The City of London. It comes after 24 May 2022 was confirmed as the official launch date for Crossrail. New data reveals that prime rents in Shoreditch and Clerkenwell during [...]
Jeremy Hunt says Boris Johnson should not have imposed lockdowns as he signals Tory leadership challenge is coming May 23, 2022 Former Health Secretary Jeremy Hunt said Boris Johnson was wrong to impose lockdowns during the Covid-19 pandemic and said he would not rule out a leadership challenge. Hunt was also highly critical of Boris Johnson for making “mistakes” during the crisis. Asked about lockdowns on GB News, Hunt said: “I actually thought we could have [...]
