Over the past few decades, governments have sought to address the housing crisis by focusing on one primary solution – constructing new-build properties. While the construction of residential new-builds will naturally play a pivotal role in rectifying the current imbalance between housing supply and demand, commentators have criticised the targets set by the Government as being simply unattainable.
When Chancellor Sajid Javid goes to the dispatch box to deliver the 2020 Spring Budget on 11thMarch, those of us involved in the UK property market will be watching on with great interest. This is the first budget of new parliament, and the first budget of a new decade. And unlike recent fiscal statements, this looks set to deliver some substantial reforms.
Regardless of the outcome, the UK’s 2019 General Election promised to be a pivotal event. After nearly a year of Brexit delays, political infighting and general market uncertainty, Prime Minister Boris Johnson’s decision to call a general election in December was seen as an attempt to deliver a majority government.
For property investors looking to consolidate or expand their existing portfolio, the future outlook for UK real estate certainly looks a lot brighter than it did twelve months.
The original 29 March Brexit deadline may have been pushed back until 31 October 2019, but questions still remain about what the UK’s withdrawal from the EU will mean for the future of the economy.
As expected, the opening weeks of 2019 have been dominated by Brexit. The latest development – albeit a predictable one – saw Theresa May’s proposed withdrawal agreement roundly rejected by MPs, leaving the UK with no clear or determined path for leaving the EU.
The arrest of Carlos Ghosn, Chairman and CEO of Renault, in Tokyo on Monday 19 November has somewhat diverted attention away from ongoing diplomatic efforts to strengthen business ties between France and Japan.
The 2018 Autumn Budget, taking place this Monday (29 October), marks the Government’s last major fiscal statement before the UK’s departure from the European Union in March 2019. With the Brexit deadline looming, this budget has evoked much speculation about the reforms that could be announced to concerning the property market.
When it comes to business objectives, a key goal at the forefront of any entrepreneur’s mind is maintaining consistent growth. This requires being on the lookout for scale-up opportunities.
A ‘no-deal’ Brexit is very much on the cards. The European Banking Authority has starkly warned businesses to ramp up preparations considerably over the next eight months before we head out of the European Union