Mortgage lending up by 29 per cent in June as political uncertainty ends July 16, 2015 The amount of money lent to UK home buyers in June showed a significant rise compared to May as political uncertainties waned, according to new figures Read more: UK house price growth slows to lowest rate in over a year Gross mortgage lending rose 29 per cent compared with May, climbing to an estimated £20.5bn, according [...]
Economics secretary Harriett Baldwin: It’s in our national interest to keep the City competitive July 16, 2015 As someone who spent two decades in the UK’s financial services industry, I know well that this sector is hugely important for people and businesses across the country. We need a highly competitive business environment to support that, and today I'm speaking at The City UK’s conference about the steps we are taking to strengthen [...]
This is what you get with a Conservative majority: A national living wage July 15, 2015 Why do we care about the economic recovery? Sometimes economists seem to forget, that we care about recovery not for some statistics on a chart, but because recovery creates more jobs giving people the dignity of work, and pay rises for those in work. In short, the purpose of economic recovery is to make people [...]
UK defence firms fire warning shots to government over need to push exports July 15, 2015 The UK defence industry is pushing for the government to take a more active role in a battleground for foreign orders. The UK Aerospace, Defence, Security and Space industries trade body organisation, ADS, called for support for smaller firms and improved export controls after the sales to overseas markets fell for the first time since [...]
Labour leadership race: Liz Kendall now least likely to become next Labour leader July 15, 2015 As the Labour leadership race hots up, Liz Kendall has become the least likely to win and lead her party, as Jeremy Corbyn overtakes her. The most pro-business of the four contenders left, Kendall has tried to separate herself from the rest of the pack by presenting herself as a breath of fresh air. Unfortunately [...]
This is what you get with a Conservative majority: A national living wage July 15, 2015 Why do we care about the economic recovery? Sometimes economists seem to forget, that we care about recovery not for some statistics on a chart, but because recovery creates more jobs giving people the dignity of work, and pay rises for those in work. In short, the purpose of economic recovery is to make people [...]
Theresa May bans water cannon use in England and Wales after London mayor Boris Johnson authorised the Metropolitan Police to buy three last year July 15, 2015 It's a case of egg on the face for London mayor Boris Johnson today, after home secretary Theresa May banned the use of water cannon on the British mainland today. May said the weapons should not be used as a part of riot control techniques, citing safety fears as a major factor. In the House [...]
European Banking Authority agrees key features of 2016 EU-wide stress test July 15, 2015 The biggest banks in Europe will soon face more stress tests to ensure they are in a position to weather any further storms in the financial markets following the global financial crisis. The European Banking Authority (EBA) has agreed some key elements of an EU-wide stress test due to take place in 2016, based on [...]
Ryanair may close second Danish airport after row with unions July 15, 2015 Low-cost airline Ryanair has said that it may close its Billund airport base, which would be the airline’s second Danish base closure in just four days, as a union in the country frustrates the Irish carrier with plans of a strike at the airport. This occurred on the same day as Ryanair officially shut down [...]
£1.8bn withdrawn from pension pots since new freedoms came into force in April July 15, 2015 In almost every facet of life, if more choice is offered, people will take it. Pensions are no exception with the increasing freedom the government has introduced and that came in to force 100 days ago, £1.8bn has flooded out. Read more: Pensions could look more like ISAs In the two months after pension rules were [...]
