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Haydn W

IMF warns UK of lingering housing and mortgage market risks - Business News - Business ... - 3 views

www.standard.co.uk/...gage-market-risks-9780019.html

Supply-Side London UK Housing

shared by Haydn W on 07 Oct 14 - No Cached
  • IMF warns UK of lingering housing and mortgage market risks
  • The UK faces lingering risks from housing and mortgage markets despite remaining on track for the fastest growth among the world’s leading economies this year, the International Monetary Fund said today.
  • has pencilled in growth of 3.2% this year — unchanged from its last July update despite a slew of downgrades for several members of the stagnating eurozone.
  • ...8 more annotations...
  • This is the highest rate forecast among advanced economies, although the IMF has trimmed global forecasts amid fears over a “weak and uneven” recovery in Europe and parts of Asia.
  • The body, led by Christine Lagarde, said the “US and the UK in particular are leaving the financial crisis behind”
  • The Bank of England has identified the housing market as a “blinking warning light” on the economy’s dashboard following the introduction of the Help to Buy scheme last year
  • In June it introduced limits on high loan-to-income home loans to prevent borrowers over-extending themselves, while tighter mortgage lending criteria are slowing runaway prices.
  • The Bank’s latest credit conditions survey found a “significant” fall in the availability of home loans in the past three months after eight successive quarters of expansion.
  • The IMF also warned that more measures such as tax incentives and freeing up land were necessary to improve the rate of housebuilding and keep a lid on runaway house prices.
  • “Supply-side measures are crucial to safeguard housing affordability and mitigate financial stability risks,” it added.
  • Household debt levels remain high at 140% of GDP and, if the Bank’s limits on the lending market fail to gain traction, it may be forced to raise interest rates instead
  • Haydn W on 07 Oct 14
     
    This article from the London Evening Standard details how the IMF have warned the UK government over remaining household debt and the dangers it poses to the economy. The IMF have also called for 'supply side measures... to safeguard housing affordability' - a growing problem in both London and the UK as a whole.
Yassine G

Economic divide: London's growth set to outpace the rest of the country | Business | th... - 0 views

www.theguardian.com/...-outstrip-all-other-uk-regions

london growth country business

shared by Yassine G on 27 May 14 - No Cached
  • Yassine G on 27 May 14
     
    This article shows how one city could be responsible for the growth of a whole country. The growth in london is mostly due to big economic activity as money is constantly being invested and injected, the circular flow is also very fast. 
Haydn W

Rightmove triples its estimate for housing price rises | Money | The Guardian - 0 views

www.theguardian.com/...-estimate-house-price-increase

The Guardian Money House Prices Scarcity Opportunity Cost UK Help to Buy

shared by Haydn W on 16 Sep 13 - No Cached
  • A leading estate agent has tripled its forecast for house price rises in 2013
  • Online estate agent Rightmove has raised its 2013 house price forecast for the third time this year to more than double the rate of inflation
  • The chain expects the average property price to increase by 6% this year
  • ...14 more annotations...
  • On Wednesday the Bank of England's financial policy committee
  • and what remedial measures
  • discuss the possibility of a property bubble
  • can be taken
  • The Royal Institution of Chartered Surveyors (Rics)
  • has called on the committee to cap annual house price growth at 5% a year.
  • Vince Cable, the business secretary, has warned of the risks of "returning to the problems of the last decade when housing got out of control,"
  • and said the chancellor should consider halting the second phase of his Help to Buy scheme.
  • The controversial mechanism, which
  • will allow people to buy homes worth up to £600,000 with a 5% deposit.
  • The Liberal Democrat president, Tim Farron, also attacked George Osborne's flagship scheme
  • The Rightmove report said the average asking price reached £245,495 in September, a 4.5% increase on the same month a year earlier.
  • Prices are rising fastest in greater London, up 8.2% over the past year to £493,748, and the West Midlands, up 6.8% to £195,429.
  • In London, prices are up in all boroughs except Barking & Dagenham (down 0.8% to £218,242). Prices in Croydon and Tower Hamlets rose by more than 2% in September alone.The most expensive homes are in Kensington and Chelsea, where the average home is priced at £2.16m – a 6.5% increase on last year.
  • Haydn W on 16 Sep 13
     
    This article explains how many organisations are forecasting a rise in house prices in my home country, the UK. It also details opposition by UK politicians to the Chancellor's 'Help to Buy' scheme which is supposed to help more people get on the property ladder. I believe this is related to what we are studying in Economics as it relates to houses being a scarce resource and how people have to choose between the increasing difficulties of getting on the property ladder and other living essentials in todays economy. (Opportunity Cost)
Haydn W

BBC News - Royal Mail 'confident' after revenues rise - 0 views

www.bbc.co.uk/...business-25875092

Revenues Royal Mail UK BBC News Stock Market

shared by Haydn W on 26 Jan 14 - No Cached
  • Royal Mail 'confident' after revenues rise
  • Royal Mail has said it is "confident" about hitting its targets after posting a 2% rise in like-for-like revenues in the nine months to 29 December.
  • Parcel deliveries accounted for 51% of revenues, and chief executive Moya Greene said the firm handled 115 million parcels in December.
  • ...5 more annotations...
  • The postal service was privatised in October 2013.
  • Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said the update was "perfectly acceptable".
  • She said the company's European parcels business was doing well after exploiting "growth opportunities in the eurozone". Letter revenue fell by 3% on a like-for-like basis, the company said, as the impact of London 2012 collectable stamp sales waned.
  • Shares in Royal Mail closed down 2.6% at 572.5p, against a flotation price in October of 330p-a-share.
  • Mr Hunter said Royal Mail's shares had had a "very strong run" since October but that it may struggle to make "further meaningful progress" in the shorter term. The company was "simply a hold" for investors, he said.
  • Haydn W on 26 Jan 14
     
    This article from the BBC News website details how Royal Mail, the recently privatised public service has seen a 2% increase in revenues. Th controversial move triggered widespread uproar from opponents and share prices rose rapidly above the target when the company was floated in October 2013. This article shows that despite the move the firm has continued to make money and appears to be in no immediate danger.
Amanda Anna G

Revenues rise at shopping mall firm | Herald Scotland - 0 views

www.heraldscotland.com/...at-shopping-mall-firm.23265226

revenues

shared by Amanda Anna G on 26 Jan 14 - No Cached
  • The Scottish company said that gross revenue for the year increased 22.2% to £36.8 million, up from £30.1m in 2012 while net ­revenue was up 5.3%, or £700,000, at £13.8m.
  • Spaceandpeople said it had managed to expand its client base, adding the likes of St Pancras International station in London, while also increasing sales among existing customers in its core markets of the UK and Germany.
  • Amanda Anna G on 26 Jan 14
     
    Firms in the UK and Germany have experienced revenue rise in its core markets. The analysts at Edison Investment Research say that there will continue being increasing business levels from existing clients.
Clemente F

Mixed messages - 0 views

www.economist.com/...ch-europe-sinks-mixed-messages

demand risks economic crisis

shared by Clemente F on 28 Sep 13 - No Cached
  • Clemente F on 28 Sep 13
     
    This article talks about the market which was probably more affected by this crisis. The house markets. The article presents data through which it is clear that the demand for house's has fallen and therefore the prices went down a lot. The only country where the house market is still growing is London in which the demand is very high.
Haydn W

NBRD: Belarus pursues balanced exchange rate policy | Economy | Headlines - 1 views

eng.belta.by/...hange-rate-policy_i_77318.html

Exchange Rates Belarus

shared by Haydn W on 16 Nov 14 - No Cached
  • MINSK, 14 November (BelTA) - Belarus pursues a balanced exchange rate policy and has been reducing the exchange rate of the Belarusian ruble gradually
  • Deputy Chairman of the Board of the Belarus National Bank Sergei Kalechits said at the Belarus-UK investment forum in London on 14 November
  • "We pursue quite a balanced exchange rate policy which is aimed at gradual reduction of the exchange rate. On the one hand, this is a reaction to the devaluation of the currencies of Belarus' major trading partners, which allows us to maintain the competitiveness of domestic exports,"
  • ...3 more annotations...
  • Sergei Kalechits also noted the National Bank pays great attention to the efficiency of credit resources. "This, too, is a key to the monetary stability," he said.
  • In general, an important element in raising foreign investment and improving the investment climate is the macroeconomic and monetary stability, primarily due to the lower inflation. "This is what our monetary policy is aimed at. Due to objective reasons, this rate is still fairly high,” he said.
  • The second goal that our monetary policy is aimed at maintaining the country's international reserves,” Sergei Kalechits noted.
  • Haydn W on 16 Nov 14
     
    This article from Belarusian news agency BeITA explains the exchange rate policy of the Belarusian National Bank, as described by Deputy Chairman Sergei Kalechits. It explains policy regarding the managed float status of the Belarusian Ruble and how the government pursues a balanced policy surrounding the currency, aiming to reduce the interest rate whilst maintaining competitive advantage with domestic exports.
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