It looks like UK house price growth is getting its mojo back February 14, 2017 Are house prices bouncing back from their Brexit blip? UK house price growth ticked up to 7.2 per cent in December, official figures showed today – the highest annual growth rate since August last year. The Office for National Statistics' (ONS) UK house price index showed the average price rose to just under £220,000 in [...]
The average British consumer will spend almost half their monthly salary on Christmas, and many won’t pay off debts until March November 21, 2016 By March, Christmas is the last thing on your mind. But one in five British consumers are still paying off Christmas gifts three months or more down the line. The average shopper is set to spend almost half their monthly pay on Christmas, and 6 per cent will spend in excess of a month's salary, a new study [...]
London wage growth reaches 10-month high as recruiters report staff shortage concerns February 8, 2017 Wages in London grew at the fastest since March last year during January, as UK-wide demand for staff reached a 17-month high, a new survey shows. Almost a fifth of the London recruitment firms surveyed said average salaries were rising, compared to only 4.8 per cent who reported lower salaries, according to the figures from [...]
Carillion joint venture nabs £160m contract for development in Dubai’s central business district January 4, 2017 A Carillion joint venture has bagged a £160m contract to build a real estate development in the heart of Dubai's central business district. Al Futtaim Carillion has been awarded a contract by the Dubai World Trade Centre to deliver the latest phase of real estate development One Central, located between the Emirates Towers and Dubai [...]
Airlines are now allowing passengers affected by Donald Trump’s travel ban to board flights February 4, 2017 The nationals of seven Muslim majority countries targeted by President Trump's US travel ban are currently being allowed to board flights to America by some airlines. It comes after Seattle judge James Robart ruled that Trump's travel ban was unconstitutional. In a statement, the White House said the order was "lawful and appropriate" and it [...]
The UK property market will be boosted by global uncertainty in 2017, according to Colliers January 3, 2017 The UK's property market will be boosted by global uncertainty through 2017, according to forecasts from Colliers International. With Prime Minister Theresa May set to trigger Article 50 before April, the real estate advisor warned that Brexit fears could affect the UK market. But it added that investors would see through that uncertainty, with property [...]
Nationwide house price index: Get set for an acceleration in UK house price growth January 27, 2016 Hold on to your hats: house price growth is "skewed towards a modest acceleration", a lender has warned, as it reported growth held steady in January, at 4.4 per cent on last year. In its monthly house price index, chief economist Robert Gardner said forward momentum in the labour market and record-low interest rates, which [...]
This chart shows what’s changed since since the Bank of England began its quantitative easing programme in 2009 March 4, 2017 Tomorrow is the eighth anniversary of the Bank of England (BoE)'s quantitative easing (QE) programme and of interest rates being cut to the "emergency" level of 0.5 per cent. It also happens to be the deadline for written submission to the treasury select committee's enquiry into the effectiveness and impact of the post-2008 monetary policy. Laith Khalaf, senior [...]
Moody’s: RBS, Lloyds, Barclays, Santander, HSBC and Nationwide need to close a £129bn capital shortfall to satisfy new Bank of England requirements March 8, 2016 Britain's biggest banks need to close a £129bn shortfall in capital requirements by the end of the decade if they are going to satisfy new Bank of England rules by the time they go into effect in 2019, according to a new report out today. Moody's said Britain's seven largest banks – Royal Bank of Scotland [...]
Philip Hammond unveils £5bn housebuilding stimulus package October 3, 2016 Chancellor Philip Hammond has announced a £5bn stimulus package for housebuilders, including a £3bn fund to help build 25,000 homes during this parliament. The fund will give loans to small and medium sized housebuilders and those using innovative building methods such as offsite construction. It will also provide funding for infrastructure. Read more: London has fallen out [...]