The EU needs dynamic new thinking, not lectures on unity September 13, 2018 Even a stopped clock is right twice a day. This should be adopted as the personal motto of European Commission president Jean-Claude Juncker, or at least as the tagline for his final State of the Union address yesterday. “There is no applause when EU law dictates that Europeans have to change the clocks twice a [...]
Raab: Stop blaming Brexit for poor business performance September 13, 2018 Brexit secretary Dominic Raab today told businesses to stop blaming Brexit for poor performance and “take responsibility”. His comments come in the wake of John Lewis posting a 99 per cent drop in profits in its half-year results this morning, which it partly attributed to Brexit. Read more: Bank of England: Hold fire until there [...]
Raab: Stop blaming Brexit for poor business performance September 13, 2018 Brexit secretary Dominic Raab today told businesses to stop blaming Brexit for poor performance and “take responsibility”. His comments come in the wake of John Lewis posting a 99 per cent drop in profits in its half-year results this morning, which it partly attributed to Brexit. Read more: Bank of England: Hold fire until there [...]
UK house prices: London and south east weigh down on growth September 13, 2018 House prices sank in London and vast swathes of the south east in August, according to Rics’ UK Residential Market Survey today, as a regional divide made itself felt on a national scale. Unsold housing stock neared historic lows on estate agents’ book while new instructions fell 15 per cent, down from a three per [...]
Bank of England: Hold fire until there is Brexit certainty says the shadow MPC September 13, 2018 City economists are all but certain that the Bank of England will hold interest rates steady today, only six weeks after raising interest rates and with the Brexit endgame fast approaching. The Bank’s rate-setting monetary policy committee (MPC) will announce its latest decision at midday, with all eyes on any tweaks to guidance around the [...]
Bank of England: Hold fire until there is Brexit certainty says the shadow MPC September 13, 2018 City economists are all but certain that the Bank of England will hold interest rates steady today, only six weeks after raising interest rates and with the Brexit endgame fast approaching. The Bank’s rate-setting monetary policy committee (MPC) will announce its latest decision at midday, with all eyes on any tweaks to guidance around the [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
Remortgaging surges in July as homeowners pre-empt interest rate rise September 12, 2018 The number of homeowners remortgaging their houses spiked to its highest level in more than a decade in July, amid a rush to lock in fixed-rate mortgage deals leading up to the latest Bank of England rate rise. Roughly 46,900 new homeowner remortgages were completed in July, rising 23.1 per cent compared with the same [...]
Data issues are the fastest-rising risks to the City says Financial Conduct Authority boss Andrew Bailey September 11, 2018 Data poses “the fastest-rising risk on our landscape” for the Financial Conduct Authority (FCA), its boss, Andrew Bailey, said today. The watchdog has scrutiny of issues around data “high up our agenda” because of financial services’ “heavy use of personal data”, Bailey said in a speech. The data issues faced by the FCA include the [...]