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"Thousands" of London flats to come to the market
This is based on research results. Though it appears that foreign investors may well be starting to walk away from the London housing market. It also appears that some are hoping to simply break even. http://www.theguardian.com/business/2015/dec/14/60000-london-flats-back-onto-market--estate-agent-cluttons
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So what does Theresa think?
http://www.hl.co.uk/news/2016/7/14/whats-the-best-brexit-theresa-may-could-get-for-britain
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Irish economy grows 26%
http://www.bloomberg.com/news/articles/2016-07-12/ireland-s-economy-grows-26-as-u-s-companies-chase-lower-taxes Obviously huge caveats here but two points to note: * Ireland is in the EU and in the Euro. * Ireland undertook austerity, which according to some left wing economists (and armchair pundits on this site) is…
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Poll: Will the Bank drop rates on Thursday?
So will the BoE drop rates? My BTL mortgage is a tracker and it's already farcically cheap, costing £311 a month against a rent of £2,400. If rates went to 0.05% it would mean one month's rent paid one year's mortgage interest. Extraordinary, really, but you can't buck the markets as the Lady said. So - what'll happen?
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Post Brexit Britain what Positive things are we doing
We have had a long running thread entitled "If we vote for Brexit what happens" This has generated thousands of posts. Many after the result continuing the same arguments that were posted before the vote. We are now where we are NOT where we would like to be. Now we are POST BREXIT. This is the world we have to deal with.…
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Caling a low for the pound, back up, up and away
Last week the pound hit $1.286 and €1.16. Wednesday 6 July was the date. It’s worth remembering. Here’s why – and I’ll probably end up with egg on my face for saying this, because there’s so much that can still go wrong. But I’m going to stick my neck out and say: “That was the low”… Leave won the referendum, but Remain is…
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Too big to fail - and now too big to fine?
Interesting one this one. Essentially US regulators refused to fine HSBC for money laundering activity in 2012 as the fine could have triggered a "Global Financial Disaster". A report details how UK officials, including Osborne added to the pressure to avoid fining HSBC by warning the US that it could lead to financial…
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Netto stores to close
http://www.bbc.co.uk/news/business-36701062 I'm not really surprised to be honest, the idea was to provide competition to Aldi and Lidl but I cant say Netto is cheaper than them.
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Standard Life suspends trading in UK property fund
http://www.bbc.co.uk/news/business-36708844 It'll be interesting to see what happens to other funds, and to REIT prices tomorrow.
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Amazon to create 1,000 UK jobs
Just to dispel some of the myths. http://www.bbc.co.uk/news/business-36730755
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Helicopter Money
http://www.moneysavingexpert.com/news/cards/2016/07/mastercard-faces-landmark-legal-claim-seeking-100s-in-damages-for-40-million-uk-shoppers?_ga=1.252214282.225875960.1421924051 Gist is that Mastercard is being sued for 20bn - a share of which is payable to every shopper in the UK - for excessive interchange fees (fee paid…
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HSBC 0.99% fixed rate mortgage
It's now embarrassing how desperate the attempts to exasperate the bubble. Why would anybody not see that property is a huge bubble waiting for a pin.
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Anger grows at The Boomers EU vandalism
Comfortable, affluent, with unlimited healthcare, juicy state and private pensions, and unearned housing wealth that would please an African dictator. Who wouldn't want to be a babyboomer, the generation that rode the sweet spot of an ever growing economy with vast capital appreciation for decades? In fact what could…
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House price inflation here to stay?
More from the guy that's been getting it right for years. House price inflation is here to stay ... http://www.marketoracle.co.uk/Article55767.html
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Property is now in a bear market
Property in the uk is now in a bear market, but why buy now when you prices will be lower if you wait even longer. All those poor sellers trying to undercut each other.
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Carney abandons capital requirements
Because of the brexit vote and likely slower economy. Seems a major, and quite risky change "just incase" the economy slows. http://www.bbc.co.uk/news/business-36712040
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George Osborne pledges to cut corporation tax.....even further
George Osborne has pledged to slash corporation tax to encourage businesses to still invest in the UK following the EU referendum vote. In an interview with the Financial Times, the chancellor said he would cut the rate to below 15% - some 5% lower than its current 20% rate. That would give the UK the lowest corporation…
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Legal action launched re Article 50
You knew it was coming... https://www.mishcon.com/news/firm_news/article_50_process_on_brexit_faces_legal_challenge_to_ensure_parliamentary_involvement_07_2016
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World Trade Organisation Rules
Hi, I was wondering if some of the wise heads on here could answer a question I've been pondering. If the UK/EU negotiations for access to the EU market go badly,or stall we will have to rely on the WTO standard trading tariffs. I saw a report ages ago that said the tariff payments for our total exports to the EU are less…
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Raise interest rates to prop up the pound?
Will interest rate return to normal sooner to stop the pound plunging any further?
