2023 has been a challenging year for financial markets – and lenders have had to adapt at pace. By March, three major US banks had collapsed, sending markets into turmoil. The European banking sector was only spared the same scenario by UBS’s eleventh-hour take-over of Credit Suisse. In the UK,...
Most younger people in the UK will probably tell you that one of the biggest differences between themselves and their parents or grandparents’ generations is the possibility of owning a home. 70% of those aged 65 and over own their home outright in the UK. On the flip side, almost half of 16-34s...
Last month, the proposed expansion of London’s Ultra Low Emission Zone became a lightning rod for growing discontent with the costs imposed on consumers to finance the UK’s green transition. In Uxbridge, West London, there was a groundswell of popular opposition (primarily among older voters)...
Since their formal introduction via the Cities and Local Government Devolution Act in 2016, metro mayors have quickly become figureheads for urban revival in the UK. These directly elected city leaders are assigned devolution budgets intended to expedite the growth, influence and economic...
With three major US banks having collapsed this year, and markets roiled, it’s tempting to draw parallels between the current volatility we’re witnessing and 2008. The reality is that this turbulence is markedly different in origin and form to the global financial crisis, and while we’ve...
This week in politics has affected the housing market. Rishi Sunak’s new government is fighting economic fires on multiple fronts. These include record CPI inflation figures of 11.1% for October, largely led by the energy supply crunch, continuing to fuel the cost-of-living crisis; the massive...
Brexit Challenges That Are Still Impacting the Construction Industry It’s no surprise that the disrupting force of the global pandemic has been the focus of industry leaders for the past 18 months or so. However, the effects of another seismic event that previously dominated national attention...
