Mayor of London Sadiq Khan warns of London brain drain caused by steep house prices in capital March 12, 2018 Sadiq Khan fears London businesses could be hit with a “brain drain” if staff are unable to achieve their ambition of owning a home. The London mayor has warned that top bosses see the housing crisis as the primary barrier to doing business in London. In an exclusive interview with City A.M., Khan said: “The [...]
Sorry Jeremy Corbyn, student loans are better for the many, not the few February 21, 2018 It all started back in November 1980; I helped publish a pamphlet written by two English friends of mine, Gary Ling and Peter Stremes, who were undergraduates at the University of Aberdeen. We were among a group of free marketeers who had won the national elections of the Conservative Students, and, being idealistic youths, wanted [...]
World Bank warns 2018 could be last hurrah for strong global growth as it upgrades forecasts January 9, 2018 An acceleration in the global economic expansion this year threatens to be a last hurrah for rising prosperity if governments allow the productivity slowdown to continue, according to the World Bank. The organisation, which focuses on promoting international development, predicts global GDP growth will edge up to 3.1 per cent in 2018 from an estimated [...]
Millennials think their pay will go up in 2018 , according to a Lloyds Bank report December 27, 2017 Consumers are feeling more pessimistic about the UK economy than they were at the end of last year, according to a new survey from Lloyds Bank. However, the Lloyds Bank Spending Power Report also shows that millennials are feeling more positive about their own finances. Among a group of18-24 year olds asked about their own [...]
Bricks or clicks? Rumours of the high street’s demise have been greatly exaggerated November 28, 2017 The way we shop may have changed markedly over time, but the nation’s appetite for shopping is as voracious as ever. This was shown, once again, in the frenzy around Black Friday and Cyber Monday, now important landmarks in the retail calendar. Early estimates suggest that spending exceeded £7bn. The fundamental shift has been driven [...]
Think locally, invest globally: Why Brexit isn’t the calamity some fear November 1, 2017 A year after the Brexit vote, the UK has managed to avoid a bear market and recession. Still, global diversification remains a key tool for investors. Fifteen months after Brits voted to leave the EU, the UK government is slowly ploughing ahead with Brexit. Invoking Article 50 of the Lisbon Treaty in March was the [...]
The gender retirement gap: Why women are more likely to fall into poverty in retirement August 14, 2017 “The retirement issue is the single largest issue we will be facing in the 21st century.” Diane Garnick told participants at the 2017 CFA Institute Wealth Management Conference in Nashville, Tennessee, USA that “when people do not save for retirement, they are in big trouble.” Advisers must be ready to address these concerns. “The big [...]
London Stock Exchange chief executive Xavier Rolet backs FCA review of listing rules that could pave way for Saudi Aramco IPO August 3, 2017 London Stock Exchange boss Xavier Rolet today defended the Financial Conduct Authority (FCA) review of listings rules that could pave the way for a Saudi Aramco mega-float. The Institute of Directors this week joined the Investment Association and Royal London Asset Management in speaking out against the proposals, which would ease rules for state-owned companies [...]
The global financial crisis 10 years on: six charts that tell the story July 31, 2017 It is hard to believe but it is 10 years since the start of the global financial crisis. Triggered by a collapse in the US housing market it caused the deepest recession in living memory and the near-collapse of the financial system. Banks failed, government institutions were bailed out, stockmarkets crashed and countries had to [...]
Divorce slices £3,100 off annual retirement incomes and makes it more likely you’ll be laden with debt May 11, 2017 Divorcees can expect substantially lower retirement incomes, according to a study prepared by insurance giant Prudential. Individuals who haven’t been through a divorce can expect pension pots to generate average annual incomes of £19,400, if retiring this year. This compares with divorcees, whose annual retirement income will average £16,300. Prudential pensions specialist Clare Moffat explained [...]