Kazakhstan president Nursultan Nazabayev sacks central bank governor Kairat Kelimbetov after tenge plummets November 2, 2015 Kazakhstan has ousted the governor of its central bank after the country's currency, the tenge, lost more than a third of its value in a matter of months. President Nursultan Nazarbayev – who arrives for a two-day visit to the UK today – sacked Kairat Kelimbetov, saying trust in the country's national currency and central bank [...]
London property prices: Luxury homes in Greenwich and Blackfriars going up for sale – in Kuwait November 2, 2015 Two new luxury developments in central London are going on sale this week, looking to tempt overseas property investors by holding the official launch at the Warba Tower in Kuwait. An "exclusive collection of homes" are being unveiled to Middle Eastern buyers on 4 and 5 November by developers Barratt Homes London, alongside Knight Frank and [...]
UK’s rising population will support the housing market, says Moody’s November 2, 2015 The UK and Ireland’s expanding population combined with both countries’ housing supply shortage and “robust” economic growth will support demand and property prices, Moody’s Investors Service has said this morning. Moody's research comes amid warnings from UBS economists last week that London's property market is on the verge of bubble that could pop soon after [...]
Chancellor George Osborne in Berlin to meet German ministers for talks on non-Eurozone states November 2, 2015 Chancellor George Osborne heads to Berlin today, where he is expected to make the case for protecting the interests of non-Eurozone states in crunch talks with German government officials. Osborne, who has made similar trips to Paris, Stockholm, Helsinki and Copenhagen in recent months, is set to meet with German finance minister Wolfgang Schauble and German [...]
Association of British Insurers calls for better flood-risk information for UK homebuyers November 2, 2015 Nine out of ten people think flood-risk information should be included in material about properties for sale, an Association of British Insurers (ABI) survey has revealed today. The ABI also criticised property search websites and marketing materials for new builds for lacking flood-risk information. In light of the survey, the ABI is calling for more [...]
Online images are putting girls off a career in engineering, making them feel it is a job for boys November 2, 2015 Online imagery portrays engineering as a career for boys, putting off girls from pursuing jobs in the field, research by EngineeringUK has today revealed. The organisation, which was set up to promote engineering’s contribution to society, discovered that less than half (42 per cent) of online pictures with people that are related to engineering contain [...]
More job vacancies than jobseekers in 41 out 56 UK cities November 2, 2015 Job vacancies outnumbered jobseekers in 41 out of 56 UK cities during September, research by job search engine Adzuna has revealed today. Adzuna’s UK Job Market Report discovered that there were an average of 0.58 jobseekers per job vacancy last month, slightly less than the 0.62 jobseekers per vacancy recorded during August 2015. By comparison, [...]
UK immigration: Canada has lessons for Britain on migrants – Institute of Public Policy Research November 2, 2015 Britain should follow Canada’s lead to do more to better integrate migrants into the community, argues a report published today by the Institute of Public Policy Research (IPPR). Among the recommendations in the report – called Trajectory and Transience: Understanding and addressing the pressures of migration on communities – are creating a Controlling Migration Fund [...]
Britain ranked as 15th most prosperous country in the world – Legatum Institute November 2, 2015 Britain's economy is soaring past its European counterparts thanks to an employment boom, a major new report says today – but education and health standards are slipping to the bottom of the league table. The Legatum Institute’s annual Prosperity Index, which ranks 142 countries across eight categories using a combination of official statistics and public polling, placed the UK [...]
Economists predict Bank of England will hold UK interest rates on Thursday November 1, 2015 Economists have predicted that the Bank of England (BoE) will keep interest rates at 0.5 per cent on Thursday. So-called Super Thursday will see the BoE release a range of information, including the interest rate decision, an inflation report and Monetary Policy Committee (MPC) meeting minutes. Dr Howard Archer, chief UK & European economist at [...]