From stamp duty to the triple lock, Andy Haldane says bold Burnham leadership can usher ‘vibe change’ for UK economy
Why the UK investment system needs a complete overhaul June 4, 2025 Nick Saunders, CEO of Webull UK, an online investment platform, says the UK must completely overhaul its investment system if it wants to drive growth. Like a rickety Edwardian chair with a broken leg, the retail investment infrastructure in the UK is so badly damaged that not even the most optimistic Bargain Hunt contestant would [...]
MJ Gleeson: Shares plummet after profit warning as property market struggles June 3, 2025 Housebuilder MJ Gleeson has warned of a 15-20 per cent hit to its profit this year due to a slow housing market recovery and the collapse of a land sale in Yorkshire. The company told markets this morning that the pace of housing market recovery in the UK has “not been sufficient” to offset the [...]
Build-to-rent: UK boom in purpose-built properties June 2, 2025 The number of build-to-rent completions in the last year has shot up in another sign the sector is here to stay in the UK. Completions of built to rent properties – which refers to purpose built, institutionally owned and professionally managed residential blocks of flats – have risen by 16 per cent year on year, [...]
Relaxed mortgage rules could increase first-time buyer deals by a quarter June 2, 2025 Changes in the way lenders stress test borrowers for mortgages could lead to a huge jump in the amount of first-time buyers able to access the housing market, according to Savills. Savills’ analysis found first-time buyer transactions could increase by up to 24 per cent over the next five years if lending rules continue to [...]
Property transactions falter despite rise in number of homes available May 30, 2025 Homebuying in the UK slowed in April after the end of the stamp duty holiday, despite an uptick in the number of properties available. The number of UK residential transactions in April 2025 was 64,680, 28 per cent lower than April 2024 and 64 per cent lower than March 2025, according to official statistics. Estate agents attributed [...]
Avison Young loses over £100m for a second year as more jobs cut May 29, 2025 More than £100m has been lost for a second consecutive year by the UK and European arm of global commercial real estate services firm Avison Young as it continued to cut jobs, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2024, having posted the same total for 2023. [...]
Mark Kleinman: AA float needs smart pricing to avoid breakdown May 29, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Here’s a candidate for toughest IPO mandate in the City: return the venerable AA, the UK’s biggest breakdown recovery service, to the public markets roughly five years after it was taken private for a fraction of [...]
Will the building safety levy constrain housebuilding? May 28, 2025 A new tax on the real estate industry risks trading a crisis in building safety for one of housing supply, argue Rick Atha and Amber Wright The building safety levy is due to come into effect in Autumn 2026, a year later than the government had previously indicated. The government aims to raise around £3.4bn [...]
Government slashes red tape to tackle housing crisis May 28, 2025 The government will slash red tape to get more construction by smaller building firms off the ground, and to “get working people on the housing ladder,” Deputy Prime Minister Angela Rayner has said as Labour looks to promote its pro-business credentials. A relaxation of environmental protections is expected, including Biodiversity Net Gain (BNG) requirements which [...]
AIM to shed billions as market projected to shrink by a fifth May 28, 2025 London’s junior stock market is set to deepen its listing crisis as it heads towards its 30th birthday. The alternative investment market (AIM) is projected to have £12.3bn of market capitalisation, after 61 companies announced plans to ditch their listing. A combination of mergers, private equity takeovers, delistings in favour of private securities venues and [...]