Alcohol industries call for duty freezes in Autumn Statement to distill Brexit fears November 18, 2016 The beer and spirit industries are hopeful for another year of duty freezes, while the wine sector looks for a levelled playing field ahead of Philip Hammond’s Autumn Statement. Earlier this year, George Osborne froze the duty rates on beer, spirits and most ciders, but most wines and higher strength sparkling cider were set to go up, [...]
This is what the property industry wants from the Autumn Statement November 18, 2016 The big day is almost here – Autumn Statement day. The housing crisis has been at the top of the political agenda for years, but successive governments have failed to get a handle on it. Chancellor Philip Hammond is promising new funding to help get Britain building, but the property industry wants a range of [...]
Say it as it is: Clearing the air of jargon monoxide November 18, 2016 YOU might have seen that segment in The Simpsons where the estate agent is explaining to Marge how the use of jargon can be of great benefit to her in selling property: Marge: “It’s awfully small”. Agent: “I’d say it’s awfully ‘cosy’”. Marge: “That’s dilapidated”. Agent: “That’s rustic”. Marge: “That house is on fire!” Agent: [...]
Stay calm: The Sword of Damocles is not hanging over Britain’s fintech sector post-Brexit November 18, 2016 In times of uncertainty, it helps to stay calm and focused on the job at hand. At Innovate Finance, we see ourselves as the rational voice of the UK global fintech community. A big part of our job is promoting our members and fintech – not in a cheerleading capacity, but through rational analysis and [...]
People are pretty confident UK house prices rose this month November 18, 2016 Forget the slightly precarious economic situation both at home and across the pond – UK households are fairly confident the price of their properties have risen this month, new research has suggested. Knight Frank's house price sentiment index was at 55.3 points in November – suggesting the overall view is that prices were up during [...]
You’ll get the biggest payrises if you pursue these 10 careers (spoiler: banking isn’t one of them) November 18, 2016 Fancy a payrise? It might be time to change careers – because new figures have identified the 10 jobs where people get the biggest salary increases as they progress up the ladder. And despite its high-paying reputation, banking isn't one of them… According to the list, those working in retail can expect the biggest payrises [...]
Nationwide pulls out of commercial real estate lending as it reports falling profits November 18, 2016 Nationwide announced plans to pull out of commercial property lending as it reported falling profits today. The figures Statutory profit for the six months to September came in at £696m, down from £802m. And underlying profit was reported at £615m, down from £801m. Nationwide said gross mortgage lending was up 17 per cent to £17.5bn [...]
House prices at the top end of the London market are down 5.4 per cent November 18, 2016 House prices at the top end of the market are faltering due to stamp duty reforms – and estate agents are calling for the government to reverse the trend for the sake of the wider property market. Prices in the top quarter of the London market dropped 5.4 per cent between the second quarter of [...]
City Moves for 18 November 2016 | Who’s switching jobs November 18, 2016 Lee Baron Lee Baron, a specialist in property management, has appointed Steven Room as head of residential development. With over 30 years’ experience in the property sector, Steven has worked directly with a range of housebuilder, developers, landlords, investors and property managers at firms such as Kinleigh Folkard & Haywards, County Estate Management, Haywards, The [...]
Sterling’s slide spurs international buyers into looking for a London home November 18, 2016 The slide in sterling since the Brexit vote has encouraged foreign buyers into the London property market. The proportion of international buyers increased six per cent in the third quarter, as compared to the second, according to research from Fionnuala Earley, residential research director at Hamptons International. The proportion of international buyers now sits at 29 [...]