British households have underestimated their main household bills – council tax, gas and electricity – by an average of £467 in the past year, according to new research from Santander Current Accounts.
The analysis suggests that the millions of households struggling to cover their household bills due to spiralling prices are compounding the issue because they are out of touch with current utility costs. Continue reading
Housing Minister Kris Hopkins has hailed the impact of Help to Buy for delivering a surge of business to the construction sector.
Visiting the brand new Chesterton brick factory in Newcastle-under-Lyme, which has created 51 jobs, Mr Hopkins said the impact of the scheme was keeping kilns firing over Christmas for the first time since 2007. Continue reading
Aspiring self-builders will have the chance to realise their ambitions thanks to 4 new sites which are being released by the Homes and Communities Agency, Kris Hopkins said today (12 November 2013).
The sites form part of a wider government programme to support the growth of the custom build housing sector and give more people the opportunity to build their own homes. Continue reading
The outstanding level of unsecured borrowing grew by 0.6% over the year. Within this, annual growth in card borrowing of 5.9% outweighed the decline in personal loans and overdraft borrowing of 4.0%.
Gross mortgage borrowing of £9.7bn in September was higher than in August and above the average of £8.7bn over the previous six months. Continue reading
A new right will give social tenants the power to boost house building in their area, says Housing Minister Mark Prisk.
The minister confirmed that the Right to Transfer, coming into force in the autumn, will mean tenants can take control over future investment into their communities by requesting a change of ownership and requiring new homes to be built. Continue reading
Investments in peer-to-peer lending models have vastly outpaced the alternative equity market, according to the latest research from privately funded lender West One Loans.
In the year to Q1 2013, private investments in short-term secured loans generated an average yield of 11.2%. Continue reading
Regeneration is key to unlocking the untapped growth potential of cities across the UK, according to the CBI Director-General.
In a speech to the Birmingham Made Me design expo, John Cridland, CBI Director-General, outlined his vision of a new approach to regeneration which focuses on business growth and breaks the cycle of dependency on the public sector. Continue reading
The UK economy would have grown three times faster over the last year if the Government had stopped the decline of the UK construction industry, according to analysis of official figures published by the TUC.
The analysis shows that had construction output remained the same over the past five quarters economic growth would have increased by 1.2% instead of just 0.4%. Continue reading
Green said: "Now MPs have had the debate on the issue, it really is time that politicians of all persuasions stopped political point-scoring and abandoned the idea of a mansion tax because, as the Laffer Curve demonstrates, there comes a point when taxing the wealthy becomes counterproductive for raising revenue.
"Should a mansion tax come into effect it would, inevitably, result in capital flight – right at a time when the UK needs all the revenue it can get – because the wealthiest in society are the ones who have the resources simply to move to a lower tax jurisdiction to protect Continue reading
Over the next ten years another 95,000 individuals are set to break the $30million barrier in terms of personal wealth, and while Asia and Latin America will see the largest growth in the number of ultra-wealthy individuals, North America will still have the highest total number of HNWIs in 2022.
Liam Bailey, Global Head of Residential Research at Knight Frank, said: "The largest concentration of wealth is currently based in the established centres of North America and Europe, but there is set to be rapid growth in Asia, Latin America and the Middle East. In the next decade we will Continue reading