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July 23, 2014 - Latest:

Weak labour market still concerning Bank of England’s MPC

23 July 2014

The Bank of England Monetary Policy Committee unanimously voted to keep interest rates on hold, the latest minutes show. All nine members voted to keep rates at 0.5% amid concerns [...]

First Time Buyers pushed even further out of the property market

22 July 2014

First time buyers are being further priced out of the property market and those aged 18 to 30 represented just 3% of all house sales in June. According to the [...]

Number of first-time buyers coming to the market rockets in 2014

21 July 2014

The number of first-time buyers in the first six months of 2014 reached their highest level since 2007, according to the bi-annual Halifax First-Time Buyer Review. The research found there [...]

Scottish government runs out of Help-to-Buy funds

17 July 2014

House builders are in an uproar with the Scottish government after news surfaced that its Help-to-Buy money pot has run dry for the current financial year. The government initiative was [...]

Automatic enrolment into workplace pensions could more than double the number saving by 2030

17 July 2014

The number of workers saving into company pension schemes may double by 2030 if current auto-enrolment trends continue, research from the Pensions Policy Institute (PPI) has found. Employees do not [...]

Eurozone annual inflation remains stable at 0.5% in June

17 July 2014

Following the European Central Bank’s recent actions to stave off a period of deflation and boost economic growth in the Eurozone, the cost of living stabilised in the troubled region during [...]

Think tank issues stark warning on the future of UK pensioner poverty

17 July 2014

British pensioners face a very bleak future unless the Government properly tackles the long term challenges of working age poverty, an influential think tank has warned. According to an analysis [...]

The dangers of relying on foresight when it comes to your finances…

17 July 2014

Patrick Connolly, certified financial planner at independent financial advisers Chase de Vere looks at the perils of predicting the unpredictable in the world of savings and investsments… Renowned economist JK [...]

Under 30s still seeing highest inflation

16 July 2014

The under 30s continue to see the highest rate of inflation of1.8% due to tuition fees according the latest Alliance Trust survey of inflation across different age groups. The 50-64 [...]

A massive 99% of investors expecting an interest rate hike in the next year

16 July 2014

The overwhelming majority of investors expect interest rates to rise in the next year according to Hargreaves Lansdown’s Investor Confidence survey. Yesterday’s surprise jump in inflation from 1.5% to 1.9% [...]

Inflation jumps to 1.9% in June. London house prices rise by a record 20.1% in the year to May

15 July 2014

The rate of UK inflation rose sharply in June to 1.9% as prices for clothing, food and drink rose the Office for National Statistics reported today. The Government’s preferred Consumer [...]

Eurozone looks set for more disappointing growth numbers

14 July 2014

The sharp fall in eurozone industrial production in May suggests that the recovery in the sector is flagging before it has even really begun. According to Capital Economics, production dropped [...]

Majority of new home purchases will be a joint effort as sole ownership becomes a luxury

14 July 2014

More than three quarters of planned property purchases in the next two years will be a team effort as a result of rising home prices new research from Santander has [...]

Electricity costs could double by 2035 says new National Grid report

10 July 2014

Wholesale electricity costs could double over the next two decades while gas prices could rise by 43% according to forecasts in a new report from National Grid. The research document [...]

Bank of England holds base rate at 0.5% for the 65th consecutive month

10 July 2014

The Bank of England has kept UK interest rates at a record low of 0.5% for the 65th month in a row. The consensus prediction was that the Bank’s Monetary [...]

UK families unaware of tax breaks that could benefit children

10 July 2014

UK families could be using simple tax breaks to save for their children in the future, but many parents are not aware of how they could be saving on tax, [...]

Impact of tougher mortgage lending rules “more subtle than dramatic”

10 July 2014

The impact of the Mortgage Market Review (MMR), which introduced stricter lending criteria appear to be “more subtle than dramatic” says an industry trade body. The MMR, which was launched [...]

Vince Cable launches review into Government IPOs following controversial Royal Mail sell-off

10 July 2014

Business secretary Vince Cable has ordered a review into Government IPOs following a barrage of criticism over the privatisation of Royal Mail. The investigation, which will be led by Lord [...]

Jokowi victory could see Modi-style market rally in Indonesia but challenges remain whoever wins

8 July 2014

The Indonesia election does not promise a swift economic turnaround regardless of who wins this week’s election says fund manager Schroders in a note issued this week. Craig Botham, Schroders [...]

IMF chief warns global economic growth may not be as strong as expected

7 July 2014

International Monetary Fund (IMF) chief Christine Lagarde has suggested that the pick-up in global economic activity may not be as strong as many believe it is. Lagarde said central banks’ [...]

More than 40,000 could be hit by HMRC’s proposed new powers over tax avoidance disputes

3 July 2014

HMRC’s proposed new powers to force both individuals and businesses who have used tax avoidance schemes to pay the disputed tax upfront could trigger a wave of insolvencies. Under the [...]

UK employees hit salary peak in their late 30 official numbers show

3 July 2014

UK workers’ wages hit a high in their late 30s official numbers published today have shown. According to new data from the Office for National Statistics working Britons are much [...]

Property prices are the “biggest risk” to the UK economy warns Bank of England deputy governor

3 July 2014

Bank of England deputy governor Sir Jon Cunliffe has urged that the UK’s housing market presently poses the greatest threat to the UK economy. In an interview with the BBC, [...]

Buy a home in Kensington or Chelsea for just £10,854…per square metre

30 June 2014

Kensington and Chelsea are the UK’s most expensive areas to buy in the UK with the average price now at £857,225 or an eye-watering £10,854 per square metre – more [...]

Is this the end of the line for gold? What next for investors?

30 June 2014

Adrian Ash, head of the research at gold dealer BullionVault, looks at how the shine has come off the precious metal… Want to blame Iraq or Ukraine for gold’s recent [...]

Mortgage approvals collapse to 11-month low as tougher regulations hit home buyers

30 June 2014

Mortgage approvals dropped for the fourth month running to an 11-month in May as the introduction of tougher regulations begin to take hold. According to the latest figures from the [...]

Interest rates could rebound to pre-recession levels within 10 years

30 June 2014

Interest rates could rise as high as 5% over the coming decade a senior Bank of England figure has urged. In an interview with Sky News, deputy governor for monetary [...]

UK property market: The “macro-pru toolbox” for stability, not housing policy

26 June 2014

Council of Mortgage Lenders (CML) director general Paul Smee outlines his view on the UK’s property market and the action taken by the Bank of England. So, the historic moment [...]

Bank of England moves to curb the UK’s property party: Expert reactions

26 June 2014

In an attempt to cool the UK’s property market, the Bank of England has announced measures to introduce even stricter affordability checks and limit the amount of higher risk loans [...]

Bank of England looks to calm UK property market with cap on risky loans

26 June 2014

In a bid to cool the UK’s booming property market the Bank of England has recommended that lenders introduce new affordability checks linked to potential interest rate rises and limit [...]

Public sector pay still declining in real terms over 12 months

24 June 2014

Annual real pay growth is continuing to grow for employees of FTSE 350 companies rising by £13.22 a month or 0.9% compared with 12 months ago according to the latest [...]

London house prices surge by 31% since the last general election

23 June 2014

New research has highlighted the disproportionate growth in the London housing market when compared to the rest of the UK since the last general election in May 2010. Under the [...]

Expectations of 2014 interest rate rise gather further pace

19 June 2014

Asset manager Standard Life Investments is the latest firm to call time on the UK’s prolonged period of ultra low interest rates. It says the the Bank of England (BoE) [...]

Demand for British made goods raises hopes that economic growth is set to surprise on the upside

19 June 2014

Hopes are high that second quarter economic growth in the UK will surprise on the upside as the CBI posts strong industrial numbers for June. The business lobby’s Industrial Trends [...]

Nine reasons, including the protection of Scotch whiskey, why Scotland is better off with the UK, according to the Treasury

19 June 2014

With the referendum on Scottish Independence now just three months away, the debate on whether it should stay or go is accelerating. For its part, the Treasury has now published [...]

Further evidence points to a cooling property market as mortgage lending falls flat in May

19 June 2014

Evidence pointing to a cooling off in the UK’s property market is mounting as new figures highlight that home loans in May showed no gains on the previous month. According [...]

Federal Reserve lowers US economic growth estimate for 2014

19 June 2014

Just days after the International Monetary Fund (IMF) cut its forecast for US economic growth, the Federal Reserve has now reduced its own estimate. On the back of the severe [...]

Fund firm changes interest rate prediction following “mixed messages” from the Bank of England

18 June 2014

Fund firm Schroders has changed its interest rate forecast following what it says are mixed messages to markets from the Bank of England. In a note issued this week, Schroders [...]

Oil shock will hurt consumer sectors but boost energy stocks

17 June 2014

Rising energy prices, if sustained, could hurt the global economy says BlackRock’s global chief investment strategist Russ Koesterich. In a note issued this week, the manager says events could prove favorable [...]

House prices up 9.9% in the 12 months to April

17 June 2014

The Office for National Statistics House Price survey shows that UK house prices increased by 9.9% in the year to April 2014, up from 8.0% in the year to March 2014. House price [...]

UK inflation falls to 1.5% but is this the bottom of the cycle?

17 June 2014

The Consumer Prices Index (CPI) grew by 1.5% in the year to May 2014, down from 1.8% in April. The Office for National Statistics says that falls in transport services [...]

International Monetary Fund slashes its US economic growth forecast

16 June 2014

The International Monetary Fund (IMF) has cut its US economic growth forecast for 2014 and does not anticipate a return to full employment for a few more years. The IMF [...]

Confidence in UK property market more than doubles

16 June 2014

Confidence in the property market has more than doubled across the UK, according to research from Clydesdale Bank and Yorkshire Bank. The East of England and Yorkshire have seen the [...]

Think the richest carry the heaviest tax burden? Think again urges new report

16 June 2014

Britons are barking up the wrong tree when it comes to pinpointing those who carry the heaviest tax burden in the UK. A new report from campaigning group The Equality [...]

Have the new mortgage rules put the brakes on the UK’s property market?

16 June 2014

Following significant increases since the start of 2014, June has witnessed property costs hit a standstill with London now seeing a drop in asking prices. According to property portal Rightmove [...]

Business Secretary Vince Cable calls for more steps to be taken to tackle the UK’s housing boom

12 June 2014

The Business Secretary Vince Cable has urged that steps have to be taken to ensure the UK’s housing boom does not get out of control. Speaking to the BBC, Cable [...]

Disappointing US retail sales fly in the face of improving fundamentals‏

12 June 2014

The latest US retail figures have taken some of the shine off the more positive numbers emerging from the world’s largest economy suggesting that it is not quite yet out [...]

What next for Russia as Ukraine “unsettles the bear”?

12 June 2014

Craig Botham, emerging markets economist at fund management house Schroders looks at developing economy of Russia and what investors can expect going forward… Our growth forecast for Russia has seen [...]

Equity markets may be flying high but place your bets carefully…

12 June 2014

Patrick Connolly certified financial planner and head of communications at wealth manager Chase de Vere looks at the lay of the land given the exuberance of equity markets… Good news, [...]

Is the UK’s booming property market actually starting to cool-off?

12 June 2014

The booming UK property market appears to be easing as the Royal Institute of Chartered Surveyors (Rics) cuts its house price growth forecasts while new instructions continue to decline. In [...]

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