What experts think will happen to UK housing market

Businessam StaffAugust 13, 2017

The growth in property prices stalled in July, latest data from the Royal Institution of Chartered Surveyors (Rics) revealed today showed. While some analysts think that the overall market will grow over time, others point out that homeownership woes will persist this year. Take a look at what property pundits had to say: Brexit, taxes […]

Elusive Brexit clarity meets sober economic reality

Businessam StaffAugust 11, 2017

Last time Theresa May, British Prime Minister returned from a walking holiday, she called what turned out to be — for her — a disastrous election. Not this time, it is assumed. But financial markets and an eager public hoping she can provide some Brexit clarity will probably have to balance it with another week […]

London records drop in home renting cost for four consecutive months

Businessam StaffAugust 7, 2017

The cost of renting a home in London fell for the fourth month in a row, continuing the first period of decline since 2009 as Britain’s exit from the European Union rattles the U.K. capital’s real-estate market. The average monthly rent paid for new lettings in greater London in July was 1,564 pounds ($2,039), a […]

UK pushes for powers to impose sanctions after Brexit

Businessam StaffAugust 2, 2017

The British Government has published plans Wednesday to push for a bill that would give it the legal power to impose sanctions after it leaves the EU, including making it easier to cut off funding terrorism and freeze assets, reports the News Agency of Nigeria (NAN). Britain currently negotiates and imposes non-UN sanctions against specific […]

Bank of England staff to go on first strike in 50 years

Businessam StaffAugust 1, 2017

A three-day strike by Bank of England support staff will go ahead after last-minute talks facilitated by a government-run arbitrator failed to resolve the pay dispute with the bank, the union said after it agreed to delay the start of strike action ‘in a gesture of goodwill’. Some 95 per cent of staff in maintenance, […]

7 scariest challenges facing the British economy, according to analysts

Businessam StaffJuly 26, 2017

Once Britain recovered from the worst of the crippling damage done by the financial crisis, the economy started to tick along at a reasonable pace. Since June 2016, however, when Britain voted to take itself out of the European Union, volatility and political intrigue have returned to the country’s macroeconomic picture. Britain now faces a […]

Over half of UK businesses ‘lack confidence’ in government on Brexit

Businessam StaffJuly 24, 2017

More than half of business leaders lack confidence in the government to conduct Brexit negotiations, a survey has revealed. Some 54% of 3,000 businesses polled by business finance firm MarketInvoice said the government had lost its way in talks with Brussels and that Brexit Secretary David Davis lacked preparedness, while only 5% felt he was […]

Murdochs warn UK a delay to Sky-Fox deal could hit inward investment

Businessam StaffJuly 19, 2017

James and Lachlan Murdoch urged the British government to let their company buy pay-TV group Sky (SKYB.L), saying on Wednesday that further delays to the $15 billion deal could sour the climate for foreign investment in Britain after Brexit. The Murdochs’ Twenty-First Century Fox (FOXA.O) was dealt a blow last month when Britain’s media secretary, […]