Business and Economics

Brexit uncertainty continued to subdue the London housing market in March, according to the RICS UK Residential Market Survey, March 2019.  Looking ahead, the lack of momentum is likely to persist for a while longer, although respondents still envisage modest improvements in activity twelve months ahead. In March, enquiries from new buyers saw the seventh negative reading in a row, with 16% of respondents seeing a fall rather than a rise in buyer demand in London. Significantly, demand fell across...

As the UK struggles to decide anything regarding Brexit a stark warning had been handed to the British Isles. In the case of a no-deal Brexit the UK would slump into a two-year recession, claims the IMF (the International Monetary Fund). A no-deal outcome that led to severe border disruptions and a quick erection of tariffs would cause UK GDP to fall by 1.4 per cent and 0.8 per cent in the first and second years The total negative effect...

Landrose Developments Limited ordered the demolition rather than spend more time waiting for a license after soprano pipistrelle bats were found to be roosting in the home in Stanmore, north west London.

UK new car registrations declined by -3.4% last month, as political and economic uncertainty

Brexit has cost the UK economy £600 million per week since the referendum in 2016 - and the country could be hit even harder if we leave without a deal. A new report published by investment banking giant Goldman Sachs argues that had UK voters opted to Remain the economy would have been in a much stronger position, instead of underperforming and lagging behind other advanced economies. The analysis shows 2.5 per cent has been shaved off GDP since June...

The numbers with a pessimistic outlook has increased from a sixth - 16 per cent - since the referendum.

JPMorgan Chase & Co is asking around 300 London-based staff to sign new contracts confirming they will leave the UK in the event of a no-deal Brexit, Bloomberg has reported. Staff working in areas such as sales and risk have been presented with contracts in the last week that demand they relocate to a European Union country in a no-deal scenario. The affected staff were warned months ago, but with JPMorgan activating its Brexit contingency plans, they now must decide...

Academics say long-term decline forecast for large areas of the UK Significant parts of Britain will experience a decline in economic growth over the next twenty years, a study says. The 2019 edition of the UK Competitiveness Index is compiled by researchers at Cardiff University and Nottingham Business School. As well as assessing the competitiveness of localities in England, Wales and Scotland today, forecasts have been compiled data to predict how they will fare in the years to come. By...

Sentiment and volumes are deteriorating sharply in the financial services sector, with various indicators at their lowest since the Financial Crisis of 2008, according to the latest CBI/PwC Financial Services Survey. The quarterly survey of 84 firms found that optimism about the overall business situation in the financial services sector plunged sharply, falling at the quickest pace since December 2008. Optimism has now been flat or falling for over three years. Business volumes fell for a second consecutive quarter, and...