whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman files for divorce after seeing this photoMisterStoryAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorSportPirateMeet The Woman Catherine Bell Is Dating At 52SportPirateUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healthzenherald.comArchie Issued New Birth Certificate After Harry’s Title Revokedzenherald.comFactableTragic Reason She Was Drugged For ‘Wizard Of Oz’Factable The pressure on the Federal Reserve to raise interest rates could be heightened as US President-elect Donald Trump’s fiscal policy becomes clearer. US bond markets suffered a massive sell-off in the wake of the election as investors’ expectations of inflation, and rate rises in response, increased.Trump’s apparent promise of stimulus measures, a mixture of a trillion-dollar investment plan and big tax cuts, is set to boost inflation markedly – so-called Trumpflation. The dollar has soared over the past two months in response, although it has since sold off somewhat as investors have backed off slightly.At its last meeting the consensus of members of the rate-setting Federal Open Market Committee (FOMC) implied there would be three rate hikes over the course of 2017. Federal fund futures imply only a four per cent chance of an interest rate rise at the next rate-setting meeting in February, according to analysis from CME Group. Inflation in the US broke through the Federal Reserve’s two per cent target in December for the first time since 2014, strengthening the case for a rise in interest rates over the coming year.Consumer prices rose by an annual rate of 2.1 per cent in December, after inflation of 1.7 per cent the month before, according to the Bureau of Labor Statistics. This was in line with consensus expectations. Wednesday 18 January 2017 1:35 pm Price rises were driven by fuel, which has become more expensive since a production cut by Opec (the Organisation of the Petroleum Exporting Countries) at the end of November. Meanwhile, core inflation (which excludes more volatile items) edged up to 2.2 per cent.Read more: US inflation rate jumps ahead of Fed decisionInflation fell sharply in the world’s largest economy in 2014, with deflation rearing its head at the start of 2015. However, inflation has risen since then, with a consistent upward trend since July of last year. US inflation breaks above two per cent for first time since 2014 Share Jasper Jolly whatsapp The higher rate of inflation could prompt the US Federal Reserve to raise interest rates faster as it aims to slow the supply of money to the economy. It is mandated to target longer-term inflation of two per cent. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org
Thursday 2 February 2017 11:48 am Hayley Kirton However, unlike many of the other banks currently weighing up their post-Brexit options, Deutsche Bank is currently using inbound passporting to do business from the EEA into the UK.According to figures released by the Financial Conduct Authority last September, 8,008 of the 13,484 firms using passporting it accounted for use inbound passporting.Deutsche Bank had a tricky 2016, weighed down by ongoing restructuring efforts, litigation costs and a low interest rate environment. The bank today announced net losses for 2016 of €1.4bn (£1.2bn), its second year in a row in the red, and net losses for its fourth quarter of €1.9bn. Deutsche Bank’s management board has promised it won’t be the first to leave London after Brexit whatsapp Instead, Matherat said the bank would be keeping a careful eye on what moves others in the industry made and would “follow if necessary”.Read more: The City’s importance to Europe helps the PMChief executive John Cryan added: “I’m sure London will fight back and remain an important financial capital.”However, Cryan also stressed there was still uncertainty surrounding what the UK outside the EU would look like. “We actually don’t know what Brexit is,” he said, before adding that, if the bank did have to move staff out of the UK, Germany was the obvious destination for them to choose.The words come less than a month after a string of big bank bosses warned they would move staff out of the UK because of Brexit. Both HSBC’s chief executive Stuart Gulliver and UBS investment chief Andrea Orcel warned they would have to move up to 1,000 jobs out of London. whatsapp Deutsche Bank does not plan to be among the first tranche of financial firms shifting jobs out of London because of Brexit woes.Speaking at the bank’s annual results press conference today, Sylvie Matherat, the German giant’s regulatory chief, said: “We will not be a first mover”. Read more: MPs just voted overwhelmingly to back an Article 50 BillMeanwhile, JP Morgan chief executive Jamie Dimon said his bank might have to shift more jobs overseas than he had initially thought. And German newspaper Handelsblatt has previously reported Goldman Sachs was mulling halving its London workforce in light of Brexit, although the bank has since said no final decision has been made.Even before the UK decided to leave the EU last June, many in the financial industry warned Brexit could spell the end of many rights enjoyed by the sector, including passporting – a complex set of rights which allows firms in the UK to do business elsewhere in the EEA and vice versa. Read more: Even top EU officials believe it will lose out in bad deal for City Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndo2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search AdsUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdUndo
Bank shares have been among the best-performing sectors worldwide as a result. Shares of global systemically important banks tracked by the KBW Nasdaq Global Bank Index have risen by around 19 per cent since Trump’s election.Read more: RIP Dodd Frank: Trump’s adviser signals the end of the banking regulationDavid Morrison, senior market strategist at Spread Co, said: “Investors are currently bulled up by Donald Trump’s promise of some ‘phenomenal’ news on taxes within the next few weeks. More generally, it feels as if no one wants to risk missing out on further market gains in what could prove to be the most business-friendly US environment for many years.”Trump addresses the US Congress on 28 February. After the lack of economic plans in the President’s inauguration, investors will be listening closely for details of his promised infrastructure spending.The strong outlook for the US has been mirrored by European stocks, with the Euro Stoxx 600 rising by more than 12 per cent since its pre-election trough. World stocks hit fresh record highs as investors around the world look for risk US equities have risen steadily since the election of Donald Trump as President. Investors are eagerly awaiting details of the new administration’s economic plan, although there have been few solid details other than a commitment to roll back the Dodd Frank banking regulations. whatsapp US equity markets led gains on Wednesday as the prospect of higher inflation continued the push into riskier but higher-yielding assets, despite a markedly more hawkish tone from the Federal Reserve.Read more: Dow Jones 20,000: US index reaches historic heightsThe S&P 500, the most watched measure of US stocks by professional investors, closed at a record 2,349.25 points, while the talismanic Dow Jones Industrial Average similarly recorded a new peak close at 20,611.86. Thursday 16 February 2017 9:53 am Jasper Jolly World stock markets have risen to fresh all-time record highs as investors around the globe anticipate economic growth after a sustained period of stagnating economies.The MSCI all-country world index added further to Wednesday’s record highs with small gains on Asian markets mimicking those in US markets, despite futures suggesting the rally may pause when they open later. Share whatsapp
According to the RMT, Night Tube train operators “have been prevented from moving into vacant full-time positions for a period of at least 18 months”. The union said all other staff, including part-time Night Tube station staff, are eligible to apply but Night Tube train operators are not – which the RMT described as “outrageous”.The union also noted London Underground “has advised that Night Tube train operators do not attract the overtime rate of pay until they exceed 35 hours in a week”.As Night Tube train operators are currently contracted to only 16 hours, they are prevented from being compensated for any late finish due to, for example, service disruption.The RMT said both these issues had led to the decision to ballot members for strike action and action short of a strike.The news comes as commuters prepare for another strike on the Tube, which will begin tomorrow evening. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Share Monday 20 February 2017 10:19 am The RMT and Aslef unions said this morning they will ballot Night Tube drivers for industrial action over a “block on career progression”.Both unions are protesting what they see as obstruction of drivers’ career progression. Aslef has set a deadline of 10am on Thursday 16 March for the return of ballot papers. whatsapp whatsapp Caitlin Morrison “It is outrageous that London Underground have decided to discriminate against their Night Tube drivers,” said RMT general secretary Mick Cash.”This is a senseless and damaging policy that picks out one group of staff for negative treatment and of course the drivers are angry and that is why we are balloting for action.“RMT would call on LU to see sense, stop these stupid attacks on career progression and fair reward for overtime working and confirm that this discrimination against the Night Tube drivers has been lifted.”The Night Tube arrived in London last August, after months of wrangling between the unions and Tube bosses. RMT and Aslef to ballot Night Tube drivers for strike action
Government stake in Lloyds Banking Group drops below four per cent, down from 43 per cent at its peak
The government ceased to be the bank’s biggest shareholder in January. As of today, it now holds just 3.9 per cent of the lender’s shares, compared with 43 per cent at its peak.Read more: Big five banks run up £100bn bill in bad loans and legal costsThe announcement comes a day after the lender revealed its profits before tax for 2016 had more than doubled to £4.2bn.”Lloyds’ strong annual results show that we are in a good position to continue to reduce our shareholding and recover all of the money the tax-payer injected into the bank during the financial crisis,” said economic secretary to the Treasury Simon Kirby.Antonio Horta-Osorio, chief executive of Lloyds Banking Group, added: The government revealed this morning that it had shed more of its stake in Lloyds Banking Group, with its remaining shareholding now standing at less than four per cent.The government said to date it had recovered over £19bn of the £20.3bn of taxpayer cash that was used to bolster the bank in the aftermath of the financial crisis, once share sales and dividends received are accounted for. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBuzzDestination15 Gorgeous Plus-Size ModelsBuzzDestinationUndoEveryday WellnessScience Explains What Happens To Your Body When You Eat Two Bananas A DayEveryday WellnessUndoLiving MagazineThe Jackson Family Saddens Fans As They Confirm the RumorsLiving MagazineUndoHistory 10Phrases Only Southers Will UnderstandHistory 10Undoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoRich HousesExperts Agree All-Time Greatest College Basketball Player Pick is UnanimousRich HousesUndoHouse Sales | Search AdsNeed To Sell Your House Fast? See OptionsHouse Sales | Search AdsUndohttps://anymuscle.com15 Symptoms of Diabetes You Shouldn’t Ignorehttps://anymuscle.comUndoflarebox.info10 Rare Dog Breeds You May Have Never Heard Aboutflarebox.infoUndo Government stake in Lloyds Banking Group drops below four per cent, down from 43 per cent at its peak We are pleased that Lloyds’ strong financial performance in 2016 has enabled the government to further sell down its stake in the bank to below four per cent. This means over £19bn returned to the taxpayer; and is alongside the further £2.2bn in dividends paid to our 2.5m shareholders, as announced yesterday. whatsapp If the Lloyds’ share sale continues at its current pace, it is thought the government will likely be rid of its entire shareholding before the end of the first half of this year. Read more: Lloyds eyes Berlin for EU base post-BrexitShares in Lloyds rose 0.9 per cent to 70.3p in early trading. By contrast, the government still owns 73 per cent of the Royal Bank of Scotland. RBS is due to announce its latest full-year results tomorrow, and analysts have predicted it will reveal it has made a loss for the ninth year in a row. Share Thursday 23 February 2017 8:30 am Hayley Kirton
Chancellor Philip Hammond stands accused of breaking a key Conservative manifesto pledge after announcing a double-raid on Britain’s self-employed workers during yesterday’s Budget.Delivering the first of two Budgets this year, Hammond said he would raise the main rate of Class 4 National Insurance contributions (NICs) for the self-employed by one percentage point to 10 per cent from April 2018 with a further one per cent rise in April 2019. Chancellor Philip Hammond picks a self-employed pocket or two in his first (and last) Spring Budget Critics of the plan pointed to the Tories’ 2015 General Election manifesto; the party said it would not increase National Insurance as part of a five-year tax lock. Yesterday Hammond’s party said the lock applies to Class 1 NICs, which are paid by employed staff.Read more: Real wages predicted to rise after growth revised upwards this year by OBRThe chancellor also slashed the tax-free dividend allowance from £5,000 to £2,000, hitting self-employed people who pay themselves through dividends. Hammond said the allowance has led to the “proliferation of incorporation”.The move is expected to affect 2.3m people of whom 1.4m are basic rate taxpayers losing an average of £200 each; 725,000 higher rate taxpayers will lose an average of £440 each, while 124,000 additional rate taxpayers will find themselves £890 worse off.Meanwhile, up to 1.6m people are expected to be affected by the changes to NICs, paying an average of £240 more per year from next April. More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Read more: Government announces plans to crack down on online VAT evasionThe Federation of Small Businesses (FSB) slammed the hike in NICs as “a £1bn tax hike on those who set themselves up in business”. The hit to dividends is “a further disincentive for businesses to invest and grow,” it added.Anger over the tax hikes was swelling among Conservative backbenches last night, with Hammond facing growing criticism from fellow MPs.“I don’t think we should be going out of our way to tax work and enterprise and success,” said John Redwood.Read more: Taxation rates seen as unfairly slanted towards the self-employed whatsapp Thursday 9 March 2017 12:41 am Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesTortilla Mango Cups: Recipes Worth CookingTop Dog Breeds: You Won’t Believe The Top 3!5 Affordable Soundbars To Improve Your TV’s Soundby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likeillusion.funGrowing Rose Cuttings In a Potato Debunking the Mythillusion.funalldelish15 Menacing Foods You Eat EverydayalldelishMyOutdoorNewsAmazing outdoor furniture you can buyMyOutdoorNewstibgez10 Signs & Symptoms of Lewy Body DementiatibgezMovie JewelMorgan Freeman Ruined His Multi-Million Dollar Ranch To Protect The PlanetMovie JewelBrainSharperDolly Parton Makes Unexpected Announcement About Husband After 54 Years Of MarriageBrainSharperanymuscle.com20 Signs That Your Kidneys Aren’t Working Properlyanymuscle.comPlays StarWD40 Can Help You Remove Wall StainsPlays StarCosmoWomens17 Images that Highlight the Dangers of Swimming in the OceanCosmoWomens Caitlin Morrison and Mark Sands “We need to make sure it’s as easy as possible to get into self-employment and then that it’s as worthwhile as possible when they are successful.”Rupert Harrison, former aide to then-chancellor George Osborne, said: “Dividend changes are likely to encounter more opposition in Tory heartlands… Brave stuff.”During his Budget speech, Hammond said that self-employed people “now build up the same entitlement to the state pension as employees,” and so levelling NIC rates would improve “the fairness of the tax system”.
Friday 21 September 2018 12:27 am City jobs bump bucks trend as salaries entice workers The number of jobs available in the Square Mile rose by 10 per cent during the month, according to recruitment firm Morgan McKinley – although still 33 per cent lower than the same point last year.Hiring has been dampened by continuing uncertainty over the future of the City’s cross-border financial services as Brexit approaches on 29 March 2019.If negotiators between the UK and the EU do not reach an agreement on a transitional arrangement after that date large parts of the City will be unable to service clients in the EU.Read more: Learn these skills to get a higher salaryHakan Enver, managing director at Morgan McKinley Financial Services, said: “With Brexit six months away and no consensus in sight, it’s astonishing to see so many new jobs open up”. Share City hiring picked up in August, bucking the downward trend of the past year amid uncertainty over the status of financial services post-Brexit, data to be published today will show. The increase was particularly notable given that hiring in the City tends to fall during the summer holidays. Aside from the surge in new jobs available at the start of the year, August saw the fastest month-on-month growth in the number of jobs since March 2017.Meanwhile, the number of job seekers edged up by two per cent month-on-month, after a 21 per cent increase in July.Increases in salaries are likely the “greatest contributor” to the increase in people eager to move jobs, said Enver.Read more: How much does your colleague earn? Jasper Jolly Tags: Brexit whatsapp whatsapp
Profit before tax soared 45.2 per cent to £16.6m compared to the full-year for 2017.Net debt rose 8.6 per cent to £15.4m.Carr’s lifted its dividend per share by 12.5 per cent to 4.5p, while earnings per share grew 56.2 per cent to 13.9p.Why it’s interestingThe results are significantly improved from last year and well ahead of the board’s expectations, offering an indication of confidence in the agriculture and engineering industries ahead of Brexit.Carr’s said the strong performance in UK agriculture reflects higher farm incomes and increased farm confidence. The company’s US feed blocks business was a driving force behind the results, with sales volumes up 17.7 per cent as US cattle prices recover. Farming supplier Carr’s Group milks profit jump and raises dividend Tags: Brexit Carr’s chairman Chris Holmes said: “We are very pleased to announce a significant improvement in the group’s financial performance for the year, exceeding the board’s expectations, across both the agriculture and engineering divisions. This performance was largely as a result of investments we made across the business in recent years, in addition to a recovery in our underlying markets.“UK agriculture continued to perform well reflecting the sustained recovery in farm incomes. Our USA feed blocks business continued to benefit from the recovery in USA cattle prices and we made further progress on growing our international feed blocks business. Our engineering division also delivered a significantly improved performance during the year.He added: “Trading for the new financial year has started in line with the board’s expectations. We made further progress during the year on our strategic objectives and continue to believe the breadth of our product offering, investments in acquisitions and research, and our international footprint leaves us well positioned for further growth across both our divisions in the medium term.” whatsapp Monday 12 November 2018 2:11 pm In September Carr’s bought Suffolk-based company Animax for £6m, with a further £2.5m payable until 2020. It said the acquisition broadens the firm’s range of animal health and supplement products designed to support farmers.In the engineering division, Carr’s has recovered from last year’s setback, which it said was largely the result of one major contract delay.UK manufacturing saw a strong recovery, despite confidence in the sector falling to a 16-month low last month.However, Carr’s pointed to uncertainty over trade agreements after Brexit as an ongoing concern, with the UK’s departure from the EU potentially affecting its engineering division supply chain. However, the company believes its geographically diverse operations can help take the strain of any difficulties.As a result of the improved results the company raised its share dividend, prompting a 4.5 per cent rise in share price to 163p this morning.What Carr’s said Share James Warrington Agricultural and engineering firm Carr’s saw a five per cent spike in share prices this morning after it reported a huge increase in profits and a boost in revenue in its full-year results today.The figuresCarr’s revenue rose 16.5 per cent year-on-year to £403.2m. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10Zen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestly whatsapp
James Booth Tags: Asset management Insurance Pensions Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapTop 5 Tips If You’re Losing Your EyebrowsVegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamour whatsapp L&G previously tried to dispose of its general insurance arm three years ago, but that attempt was shelved.General insurance is only a small part of L&G’s wider business which also includes asset management and pensions.Under chief executive Nigel Wilson L&G has moved to sell non-core assets.Earlier this year it sold its mature savings business to Swiss Re for £650m.Panmure Gordon analyst Barrie Corns said: “L&G has been decluttering its business during the last five years and we see this as a logical move given its emphasis on retirement and investments.” whatsapp L&G’s general insurance business had gross written premiums of £369m in 2017, delivering an operating profit of £37m.It the first half of 2018 it was hit by bad weather in the form of the Beast from the East which led to an operating loss of £6m.L&G was contacted for comment. Legal & General has appointed an investment bank to sell its general insurance arm.According to Sky News, L&G has hired Fenchurch Advisory Partners to sell the business in a deal that could be valued at more than £300m. Wednesday 12 December 2018 3:49 pm Share Legal & General hires bankers to sell its general insurance business
City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. DEBATE: Should London impose rent restrictions, as suggested in Sadiq Khan’s campaign plans? Friday 25 January 2019 8:05 am Tags: Buy-to-let People Sadiq Khan Tax Dan Wilson Craw and Jean-Marc Vandevivere Opinion whatsapp whatsapp Rent controls risk causing considerable damage to the good progress that London has made in creating a professionalised, purpose-built rental sector. They are also unnecessary given that rents in the capital are already falling anyway.Rent controls have consistently done little to help renters. In fact, they do the opposite by discouraging the supply of new rental housing, as well as dampening institutional investment into existing stock – which leads to the building of poorer quality properties.Buy-to-let landlords already have to contend with an ever-increasing tax and regulatory burden, which can force them out of the market.Politically, rent controls may make sense as a vote-winner, yet we have witnessed their failures in advanced economies such as Sweden, with the city of Stockholm unable to cope.The mayor’s proposals mean that London renters face a perfect storm of poor policy, reducing supply at a time when demand for rental properties is growing. Share Should London impose rent restrictions, as suggested in Sadiq Khan’s campaign plans?Dan Wilson Craw, director of Generation Rent, says YES.Londoners are paying some of the highest rents in the world. Building more homes will plug the shortage at the root of this, but that will take a decade or more. We need urgent action to help people right now.Expensive rents are forcing many people to move away from the areas they grew up in, and giving others an agonising choice between pursuing their dream career in London or starting a family somewhere cheaper.With landlords able to raise rent as high as they can, renters can’t plan their finances, and can be discouraged from requesting repairs.Only regulation of rents will solve this and end the misery of millions of Londoners, so it is welcome that Sadiq Khan is developing proposals.Limits on rent increases, alongside protection from unfair evictions, would give renters much-needed stability and confidence. But we should go further and look at how we can provide homes that Londoners can afford comfortably in the first place.Jean-Marc Vandevivere, chief executive of Platform_, says NO.