Buy-to-let has skewed housing market and must be curbed, says thinktank

Buy-to-let has skewed housing market and must be curbed, says thinktank

Private landlords have put home ownership beyond the reach of at least 2 million families, research shows, while Britain has built only half as many new homes as France over the same period. The radical report from the new Conservative thinktank Onward recommends ending or severely curtailing tax breaks for buy-to-let and private landlords, a […]

"Offensive": London Mayor Slams UK Visa Policy For Indian Students

"Offensive": London Mayor Slams UK Visa Policy For Indian Students

London:  London Mayor Sadiq Khan has said he will continue to lobby the UK government to change its rules around immigration as he branded the exclusion of Indians from an easier student visa application regime as “offensive” and a “wasted opportunity”. Dismissing UK government claims over visa overstayers from India, Khan said the evidence did […]

UK weather forecast: Temperatures set to SKYROCKET as HEATWAVE and HOTTEST day nears

UK weather forecast: Temperatures set to SKYROCKET as HEATWAVE and HOTTEST day nears

Meteorologist Aidan McGivern said “it’s going to turn increasingly hot and sunny” and “a heatwave is on the way” as Britain prepares for the hottest day of the year this Wednesday. Saturday will see highs of 24C, and “temperatures by Sunday will reach 26C” Mr McGivern said. Met Office forecaster Nicola Maxey also confirmed the […]

UK faces risk from slump in China, warns Bank of England

UK faces risk from slump in China, warns Bank of England

The Bank of England has warned that the health of China’s economy poses a greater risk to the UK’s financial stability than previously realised. New analysis from the Bank has found that a sharp economic slowdown in China would have a serious impact on the UK. If China’s credit boom blows up, Britain would suffer […]

Airbus plans UK job cuts amid fears of hard Brexit impact

Airbus plans UK job cuts amid fears of hard Brexit impact

The aerospace multinational firm Airbus is preparing to withdraw major investment from the UK due to concerns over Brexit negotiations, putting thousands of jobs at risk. The company is set to abandon plans to build aircraft wings in British factories over concerns that EU regulations will no longer apply from March 2019 and uncertainty over […]

UK unveils post-Brexit EU citizen settlement scheme

UK unveils post-Brexit EU citizen settlement scheme

The government has promised to fast-track the registration process for EU citizens who want to stay in the UK after Brexit, with decisions on applications to remain in the country reduced from six months to “a matter of days”. Unveiling details of the “settlement scheme” for EU citizens, the Home Office promised that the application […]

Brexit row: GCHQ chief stresses UK's role in foiling European terror plots

Brexit row: GCHQ chief stresses UK's role in foiling European terror plots

Britain supplied key information to help break up terrorist operations in four European countries in the last year, one of its intelligence chiefs revealed on Tuesday, as the UK upped the ante in the growing row over post-Brexit security. The director of the surveillance agency GCHQ, Jeremy Fleming, speaking on a visit to Nato headquarters, […]

KPMG's Audit Quality Is 'Unacceptable,' UK Regulator Says

KPMG's Audit Quality Is 'Unacceptable,' UK Regulator Says

KPMG’s audit work in the U.K. is of an unacceptable standard and the firm will face increased scrutiny, Britain’s accounting regulator said. Auditors at KPMG don’t challenge management enough, aren’t sufficiently skeptical and are inconsistent in their execution of audits, according to the report by the Financial Reporting Council. The decline in quality over the […]

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