Autumn Statement 2023

“Our plan for the British economy is working” On 22 November, Chancellor of the Exchequer Jeremy Hunt unveiled the government’s latest tax and spending plans saying “we back British business” announcing 110 growth measures which he said would boost business investment by £20bn a year. The Chancellor said the government had taken difficult decisions to […]

Residential Property Review – November 2023 

Residential supply and demand less downbeat  According to the Royal Institution of Chartered Surveyors (RICS) October UK Residential Market Survey, demand is still falling faster than supply.  New buyer enquiries posted a net balance of -28% during October, marking eighteen successive months in which this indicator has been in negative territory. Nevertheless, the latest reading […]

Commercial Property Review – November 2023

ESG credentials come to the fore in the industrial and logistics sector   November’s UK Commercial Market in Minutes from Savills has highlighted the continued robustness in the industrial and logistics sector, despite a reduction in take-up during the year due to economic uncertainty.   The weaker demand has given warehouse space occupiers the opportunity to be […]

Economic Review – October 2023

Inflation rate holds steady The Bank of England (BoE) Governor has described the latest batch of inflation statistics as “quite encouraging,” adding that he expects a “noticeable drop” in the headline rate when the next set of data is released later this month. Figures recently published by the Office for National Statistics (ONS) revealed that […]

“British pensioners should benefit from British business success”

Chancellor Jeremy Hunt announced measures in his first Mansion House speech aimed at unlocking billions of pounds of extra pension cash to support the economy.  According to the government, the Mansion House Reforms aim to secure the best possible outcome for pension savers, whilst strengthening the UK’s position as a leading financial centre. This is […]

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