But I'm sure it will be OK as average earnings will be Â£500,000 pa
UK's love of Henry Hoover to lead our ejection from the EU
Our vacuum cleaner is 1800 watts. No doubt, just as with incandescent bulbs, there will be industry exemptions. What about industrial uses and hospitals that require high wattage vacuum cleaners? The 900 watt limit for 2018 will ban even Henry vacuum cleaners. Maybe that will be the last straw that moves us from the EU?! Though our leaders are hoping that a balkanised UK following Scottish "independence", followed by Welsh 'independence" followed by Northern Ireland finding its own way will make us incapable of independence, being lackeys of Brussels for ever more. Hitler could not have dreamed of a better way for German dominance over the Fourth Reich.
Boost for private landlords
2,845 council houses were sold to tenants between April and June, a 31% increase on last year. 33% of these sales were in London, where discounts can go over Â£100k. Since the proceeds of these sales go towards building replacements such discounts leave less for that purpose. "A lot of council houses today will be in the hands of private landlords tomorrow. Fewer low-rent houses will drive low-paid people out of London" said a Green Party member of the London Assembly.
Are the dominoes about to fall ?
The analyst at Cantor Fitzgerald says that the global economy faces a downturn similar to 2008, and wants as little exposure as possible to risk assets as a result.Chinaâs already overheated property market is on verge of collapse, according to Cantor Fitzgeraldâs Charles Tan, who has sold his central London home and moved all his money back to Singapore in preparation for the severe repercussions on the global and UK economy.
What a world!
Roundup of the world economy. EU weakness is now concentrated in its core economies - Germany's export-driven economy, France and Italy. The usual problems - unemployment, falling wages, drying up of business investment, banks hoarding money or directing liquidity into financial assets globally - are exacerbated by sanctions against Russia and the need for bailouts for Ukraine. The usual problems are even worse in Japan. The US, which dropped the EU in it regarding Russia/Ukraine, can compensate for weak fundamentals by the dollar's hegemonic status, which enables it to get capital to flow back into the US when needed, and by military spending. China at least kept its fiscal and monetary injections at home so performs better, but global speculators are undermining its financial markets..
''We in the UK have been living beyond our means for a very long time''
The clue to the bubble is in the ownership
London has become a haven for money from around the world, with at least Â£122bn of UK property now held by offshore companies. [...] Despite this huge demand from international buyers, London is a less attractive place to live than Detroit or Reykjavik, the EIU researchers found.
So if it's not liveability attracting people, it has to be tax or (ahem)
London's real estate prices keep soaring and foreign cash keeps pouring in, yet the world's most influential city has become one of the least appealing places to live in Europe, according to new figures. Despite this huge demand from international buyers, London is a less attractive place to live than Detroit, Cleveland, Manchester or Reykjavik, the Economist Intelligence Unit's latest livability ranking has found. This is despite a recent Forbes list of "The World's Most Influential Cities 2014" which ranked London as the most influential city in the world, because it attracts more than double the amount of foreign direct investment deals than New York, which came in second.
Wage Price Crash
The number of people who are self-employed has increased by over 730,000 in the past six years, but average income has slumped by 22 per cent, a new study has revealed. Around 4.6 million people now work for themselves, more than at any time in the past 40 years, according to the Office for National Statistics.