Slap £1.7bn in taxes on private schools to pay for state education, says Keir Starmer September 26, 2021 A Keir Starmer government would slap a £1.7bn tax burden on private schools in order to pay for state education, the Labour Leader has said. The opposition leader told the Sunday Mirror he wanted to see a “rethink” on education and said the pandemic has increased the gap between children of wealthy and poor families. [...]
Exclusive: Growing group of British landlords that live abroad admit tax evasion September 21, 2021 UK expats who own a buy-to-let property in the UK increasingly approach HMRC to admit they have evaded tax, according to new data shared with City A.M. this morning. 248 overseas investors in UK buy-to-let properties came forward to admit tax evasion in the year up to 31 March, according to data shared by accountancy firm UHY [...]
Property transactions rose almost a third in August September 21, 2021 Property transactions in August rose almost one third on the previous month, according to official estimates. The provisional seasonally adjusted estimate of residential transactions in August was 98,300, 32 per cent higher than July, HMRC data published on Tuesday revealed. The number of transactions was also 20.8 per cent higher than August 2020. It comes [...]
Fed to rein in stimulus measures this year September 19, 2021 The US Federal Reserve is expected to outline its plan for reining in the wave of stimulus measures it launched in response to the Covid crisis this week. Experts are anticipating the Fed will formally recognise its intentions to reduce the pace of its bond buying programme this year after it concludes its rate setting [...]
Thriving in tough times: Keeping your finances in order September 14, 2021 The past year has shown us all the unpredictability of life. No-one could have foreseen the ongoing impact of Covid-19 on people’s health, employment, and the wider economic landscape. Of course, nobody wants to go through another period like this – but we, of course, may. Here, we look at how you can plan ahead [...]
Property: ‘Best market in two decades’ but lack of stock spooks sellers September 14, 2021 The property market is in the best shape to sell in more than two decades, OnTheMarket’s boss has said, but sellers are being spooked by the lack of stock and the rapid rate at which homes are being snapped up. Some 73 per cent of UK buyers felt confident that they would purchase a property [...]
Bank of England hawk Saunders suggests interest rates will rise in 2022 September 7, 2021 Your mortgage rate looks more likely to rise next year, according to one Bank of England rate-setter. The Bank of England may need to increase interest rates next year if the UK’s GDP recovery momentum holds and inflation becomes stickier, policymaker Michael Saunders said today. Saunders, who in August voted for an early stop to the BoE’s [...]
House prices continue climb but signs of slowing begin to show September 7, 2021 House prices increased to another record high in August but the pace at which they are climbing is slowing. Monthly growth sat at 0.7 per cent in the month just gone, leaving prices up 7.1 per cent year on year, according to the Halifax House Price Index. The latter figure is down from 7.6 per [...]
Exclusive: Homeowners borrow more than ever as remortgage applications jump by 176 per cent September 1, 2021 Homeowners across the UK are now borrowing more money from mortgage lenders than ever before to fund home improvements, according to new figures shared with City A.M. this morning. According to mortgage broker Mojo Mortgages, the average amount of money being applied for by existing homeowners to fund renovation projects has increased by just over £13,000 [...]
UK house prices jump unexpectedly in August September 1, 2021 UK house prices jumped unexpectedly in August driven by strong demand for homes in the lower segment of the market, according to new figures released today. Data from Nationwide shows house prices rose 11 per cent annually in August, up from July’s 10.5 per cent increase. The shock rise is likely being driven by the [...]