Brits face cost of living assault on all fronts in 2022 January 4, 2022 Brits are facing a cost of living crunch on all fronts in 2022, reveal fresh figures released today. Prices in shops accelerated 0.8 per cent in annually in December, just the second time prices have risen in over two years, according to the British Retail Consortium (BRC). The rise has been driven by food retailers [...]
Halifax: UK house price growth expected to be ‘much flatter’ 1 per cent in 2022 December 17, 2021 UK house price growth will remain robust next year but will be “much flatter” as rising inflation and interest rates, coupled with the end of government support measures, place greater pressure on household budgets. Prices are expected to inch up around 1 per cent in 2022, but “forecast uncertainty remains very high,” Halifax said this [...]
Unions press Lloyds to implement four-day working week December 12, 2021 Trade unions are pressing the UK’s largest mortgage lender Lloyds Bank to implement a four day working week without slashing pay. The bank has been asked by Unite and Accord to reduce the working week as part of salary negotiations, according to The Sunday Telegraph, who first reported the news. Unions are pressing Charlie Nunn, [...]
House prices jump 10 per cent in a year amid buoyant market December 1, 2021 House prices are 10 per cent higher than they were last November, and grew 0.9 per cent compared to October, according to an index.
Markets digest Omicron: After worst equity day of the year on Friday, we are in for a bumpy ride this week November 29, 2021 The wider question with respect to Friday’s market collapse and the worst day for equity markets this year, as well as the 13 fall in oil prices, is not so much as to whether it was justified or not, but whether it marks a sea change in market sentiment when it comes to the economic [...]
September house prices show ‘last of stamp duty sizzle’ November 17, 2021 UK house prices leapt in the year to September in the run up to the final stamp duty holiday deadline, government figures show. HMRC’s latest house price index shows that house prices climbed 2.5 per cent in September and 11.8 per cent annually. The average price of a property in the UK was £269,945, hitting [...]
Taylor Wimpey on track to meet guidance, unscathed by supply chain concerns November 11, 2021 British housebuilder Taylor Wimpey this morning said it was on track to deliver full year results in line with previous guidance, after strong housing demand helped it offset supply chain pressures. Although the country’s third-largest housbuilder said it had experienced industry-wide pressures on the cost and availability of certain materials and a shortage of drivers [...]
Breaking £370k mark: Average UK house price expected to jump by £40k within the next five years November 10, 2021 The average house price across Britain is expected to break through the £370,000 mark within the next five years, as property prices may rise by more than £40,000. Giving its predictions up to 2026, Savills predicts that the typical property value will increase from £327,838 in 2021 to reach £370,785. The property group expects the [...]
Will users of digital assets need traditional custody providers? October 19, 2021 The ability to hold data in a very structured manner means that machines can easily track and trace who owns what, and where the assets are held, in ‘real-time’, writes Jonny Fry.
Tory conference: Boris Johnson’s speech in full October 6, 2021 Prime Minister Boris Johnson delivered his second leader’s speech at Conservative conference today. Here is his speech in full. Isn’t it amazing to be here in person the first time we have met since you defied the sceptics by winning councils and communities that Conservatives have never won in before – such as Hartlepool in [...]