Bellway set for revenue bump despite Brexit jitters February 7, 2019 Bellway said this morning that it was expecting a rise is sales over the year ahead, despite echoing the cautious sentiment over Brexit from many of its peers within the property industry. Buoyed by demand for affordable homes and government schemes such as Help-to-Buy, Bellway said in a trading update this morning that it expected total [...]
Millennium Bug lessons: Stop Brexit stockpiling February 7, 2019 UK manufacturers are stockpiling raw materials at the highest rate since figures were first collected 27 years ago. While it might look like a sensible response to uncertainty, this kind of Brexit anxiety will have long-term implications for supply chains and for the UK economy as a whole, regardless of what happens in the negotiations. “Demand [...]
No, Nissan’s move is not proof that Brexit will be a disaster February 7, 2019 I should have known better. In my last column, I tempted fate and wrote about the good economic news which the UK continued to experience, wondering out loud if Brexit could bring any bad news. Then it happened with one word: “Nissan”. No sooner had it been announced that production of the Nissan X-Trail would not, [...]
Sadiq Khan ‘falling short’ on housing after new home registrations fall by 10 per cent February 7, 2019 London mayor Sadiq Khan has been accused of "falling short" on housing targets after it emerged that new home registrations in London dropped 10 per cent last year to just over 16,000. There were 16,069 new home registrations in 2018, down from 17,932 the year before, according to the National House Building Council (NHBC), a [...]
Speed up full-fibre rollout or risk being left behind, CBI warns government February 7, 2019 The Confederation of British Industry (CBI) today called on the government to fast-track the rollout of full-fibre broadband as it warned the UK is at risk of lagging behind. The trade body has urged the government to take action this year to avoid a “digital divide” that would see businesses and people left behind as [...]
Fire, brimstone and Brexit….it’s all getting a bit theological February 6, 2019 Given that the Brexit debate has touched on every element of our lives from food security to house prices, it was perhaps inevitable that it would end up as a theological discussion. And so it came to pass, yesterday, when EU Council President Donald Tusk told a press conference that he ponders about “a special [...]
Royal London to transfer £1bn of assets to Ireland over ‘no-deal’ Brexit concerns February 6, 2019 The UK's largest mutual insurer, the Royal London Mutual Insurance Society (RLMI), is to transfer £1bn of its assets to Ireland amid increasing concerns over a no-deal Brexit. A High Court judge yesterday granted RLMI permission to move its business from the European Economic Area (EEA) to a newly formed Irish subsidiary, Royal London Insurance DAC, because of [...]
Jean-Claude Juncker shoots down Theresa May’s backstop renegotiation plan February 6, 2019 Theresa May’s hopes of securing changes to the Brexit backstop have been dealt a serious blow by European Commission President Jean-Claude Juncker. In a press conference in Brussels on Wednesday afternoon, Juncker ruled out replacing the controversial plan with “alternative arrangements” – a move backed by UK MPs last week. He also refused to accept [...]
UK’s assets under management growth to outperform US and EU over next seven years February 6, 2019 The UK asset management industry is expected to outperform both Europe and the US over the next seven years despite Brexit, new research shows. Assets under management in the UK are forecast to grow 22 per cent by 2025, according to a survey by Bloomberg Intelligence and Simmons & Simmons. Read more: Janus Henderson Group's assets [...]
Donald Tusk: Special place in hell for clueless Brexit campaigners February 6, 2019 There is a special place in hell for Brexit campaigners who had no plan for how the UK should leave the EU, the European Council President has claimed in an astonishing intervention. Donald Tusk made the jibe in a press conference alongside Irish Prime Minister Leo Varadkar in Brussels, in which he reiterated the Brexit withdrawal [...]
