Category: Economy

Inflation rises in February

Economy

Food and alcohol price rises helped push inflation higher in February, the first rise since August 2018. The rate of price changes, measured using the Consumer Prices Index (CPI), rose to 1.9%, from 1.8% in January. House prices are rising at their slowest rate for almost six years, the...

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First-time buyer figures fall in February

Finance, Property, Economy

The latest data from e.surv suggests that mortgage approvals fell by 0.5% in February as lending to small deposit borrowers reduced slightly. Richard Sexton, director at e.surv, remarked: “While confidence has fallen in the housing market due to economic and political turbulence, the mortgage market continues to grow.” He...

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House prices set to slip

Property, Economy, Brexit

House prices are expected to fall towards the end of the year, according to estimates from the Office for Budget Responsibility. It said that average prices will drop by 0.3% in the fourth quarter of 2019. Growth is expected to return in the second quarter of 2020, to 0.9%,...

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FCA warns Provident Financial bidder

Finance, Economy

Non-Standard Finance has been warned by the Financial Conduct Authority that its plans to shake up Provident Financial if it succeeds with its £1.3bn hostile bid must not result in customers being exploited for higher profits. The FCA said borrowers’ rights must be protected and lending rules cannot be...

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Avamore report reveals dip in development rates

Finance, Economy

The latest Avamore Capital Market Bulletin reveals interest rates for development finance fell to 0.72% per month in Q4 2018. The study expects rates to decrease further due to reduced LTCs and GDVs. Average LTCs and LTGDVs for Q4 2018 stood at 82% and 66% respectively. The study — which included responses...

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What are the main types of intellectual property?

Property, Economy

For entrepreneurs with a unique idea, understanding the different types of intellectual property is the first step in making money from it. David Walker, founder of Grid Law, provides a comprehensive overview of patents, registered designs, trademarks and copyright. Origins of intellectual property The oldest form of intellectual property rights...

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One month left before VAT goes digital

Economy

Almost 1.2m businesses have one month to go before the introduction of Making Tax Digital (MTD) – a new way of submitting digital VAT returns. Nearly 30,000 businesses have already signed up to the new service and HMRC is urging any yet to do so to sign up now....

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