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Outlook for UK financial services brightens, assets set to reach £1.5 trillion by 2020, EY finds
A well-managed Brexit and stronger than expected economic performance will boost the financial services sector in the year ahead, according to an analysis from EY Item Club.
The Telegraph (register) - Posted 12/03/2018

Sixty Icon Downbeat reports take shine off UK chancellor's upbeat message
Economic reports on falling high street footfall and credit card spending challenge Philip Hammond’s narrative.
The Guardian - Posted 12/03/2018

Chancellor’s spring statement is chance to sweeten years of austerity
Cheap borrowing since 2010 has fuelled property purchases and cappuccinos rather than skilled jobs and improved infrastructure.
The Guardian - Posted 12/03/2018

Sixty Icon Revealed: the collapsed UK property schemes luring small investors
Developments promoted by politicians – including former chancellor George Osborne – remain unbuilt, sparking fraud allegations.
The Guardian - Posted 12/03/2018

Sixty Icon Most Britons expect Bank of England to raise rates in next 12 months - BoE survey
Most British people expect the Bank of England to raise interest rates again over the next 12 months, in line with indications given by the central bank, a BoE survey showed on Friday.
Reuters - Posted 11/03/2018

Former miners wrongly told they owe thousands in tax
About 17,000 ex-mineworkers were wrongly told they owed thousands of pounds in tax due to an error.
BBC - Posted 11/03/2018

Sixty Icon North West parks could be sold by cash-strapped councils
More than half of councils in the North West of England are considering selling parks or finding other organisations to maintain them within the next three years, a BBC investigation has found.
BBC - Posted 11/03/2018

Sixty Icon Buyout giant KKR eyeing distressed home loans deal
Firm that inspired book Barbarians at the Gate is keen on mortgage-to-rent.
The Times (register) - Posted 11/03/2018

Sixty Icon Tories have cost households £1,000 in energy bills, says Labour
Labour says Conservative government should have intervened earlier.
The Guardian - Posted 10/03/2018

Sixty Icon Five year mortgages are now more popular in the UK than two year deals
Home owners in the UK are showing a preference for five year mortgages over the more traditionally popular two year deals, new research has found.
Property Wire - Posted 09/03/2018

New VfM standard announced
Following a statutory consultation by the Regulator of Social Housing (RSH) a new Value for Money (VfM) Standard and a supporting Code of Practice, which will apply to all private registered providers of social housing, will come into effect on 1 April 2018.
24 Housing - Posted 09/03/2018

Sixty Icon English regulator publishes new Value for Money Standard
The Regulator of Social Housing (RSH) has adopted parts of the sector’s own scorecard in its new method of judging whether providers are delivering value for money.
Inside Housing - Posted 09/03/2018

Chancellor should use borrowing windfall as Brexit 'buffer', says PwC
The Chancellor Philip Hammond should take the opportunity of lower than expected borrowing to build up a Brexit buffer in an effort to safeguard the UK against future economic shocks, according to an economist at major accountancy firm PwC.
The Telegraph (register) - Posted 09/03/2018

UK retirement bill up more than £1 trillion in five years as pension crisis escalates
State and employers bet on future workers to fund a massive gap in the nation’s ‘mind-boggling’ pension liabilities.
The Independent - Posted 09/03/2018

Countrywide goes 'back to basics' as profits plummet
Shares in Britain’s largest estate agent tumble after steep fall in earnings and dividend cut.
The Guardian - Posted 09/03/2018

Sixty Icon Estate agent group Countrywide's shares dive as profits fall
Shares in Countrywide, the UK's largest estate agent group, lost 20% after it warned of tough times in the market.
BBC - Posted 09/03/2018

Sixty Icon London Property Market Sees Brave Bet By Norway As Foxtons Profits Plunge
Sales in London property market at ‘historic lows’.
The Market Oracle - Posted 09/03/2018

Sixty Icon PDF: U.K. social housing providers to borrow £12 billion of new debts by 2020, total debt to reach £89 billion
The U.K. government has renewed its focus on the provision of more housing.
S&P Global - Posted 08/03/2018

Social landlords to borrow £12bn by 2020, says Standard & Poor’s
Social housing providers in the UK will take on another £12bn of debt by 2020, according to a new report.
Inside Housing - Posted 08/03/2018

Sixty Icon Forming a ‘coalition of the willing’
Homes England’s directors talk to Social Housing about strategic partnerships and leveraging commercial finance.
Social Housing (register) - Posted 08/03/2018

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