News

UK GDP Grew 0.8% in Second Quarter of 2014

UK GDP followed on from the first quarter’s growth with a second quarter growth of another 0.8 percent says the Office for national Statistics (ONS).

Commonwealth Games Sparks Surge of Support for an Independent Scotland

The ‘No’ camp may have thought that the fight was over when looking at recent opinion polls, but there has been a surge of Scottish nationalism on the back of the Commonwealth Games in Glasgow says the bookmaker William Hill.

£383 Billion Infrastructure Pipeline Announced

The Government has today published its updated National Infrastructure Pipeline, which shows that planned infrastructure investment has now increased to £383 billion up to 2020 and beyond.

Rightmove to unveil the ‘House Price Trendometer’

Rightmove will shortly be announcing the arrival of its interactive regional House Price Trendometer

When looking at house price trends most people look at where the national averages are going and apply that across the board.
However, the more savvy

Hometrack Housing Survey reveals ‘seasonal’ dip is likely to linger as London market cools rapidly

Hometrack’s July National Housing Survey has revealed the slowest growth in house prices in 18 months.

Remortgage Loan Size Reaches Record High of £163,000

Rising house prices encourage average remortgage loan size to reach a record high of over £163,000 – without compromising ability to obtain competitive low LTV deals

Annuities offer “fair value for money”

97% of the fall in annuity rates down to increased longevity and low investment returns

Many lifetime annuities offer fair value for money according to new research by Jonquil Lowe of the True Potential Centre for the Public Understanding of Finance at The Open University Business School.

Shift work linked to heightened risk of type 2 diabetes

Risk highest in men and those on rotating shift patterns

Shift work is linked to a heightened risk of developing type 2 diabetes, with the risk seemingly greatest among men and those working rotating shift patterns

Morgan Stanley to Pay $275 Million for Misleading Investors in Subprime RMBS Offerings

The Securities and Exchange Commission today charged three Morgan Stanley entities with misleading investors in a pair of residential mortgage-backed securities (RMBS) securitizations that the firms underwrote, sponsored, and issued.

At retirement market to triple to £50 billion in 2023

Annuity sales will still be substantial suggests research – further fillip from outcome of Budget consultation

Analysis by the consultancy Towers Watson shows the total UK ‘at retirement’ market is set to grow considerably in the next 10 years.

Campaigners accuse Cameron of hypocrisy on ‘Buy British food’

Campaigners claimed today that David Cameron was trying to ‘face two ways at once’ with his promise that the government would buy more British food on the one hand, and his support of an EU-US free trade deal on the other.

TheCityUK responds to latest Balance of Competences report

TheCityUK has responded to the latest Treasury report reviewing the balance of powers between London and Brussels.

The report focuses on the financial services aspect of the relationship between the UK and the European Union