News Headlines 3rd September

Economic/Business

OECD calls for Europe central bank to buy crisis hit country bonds – to help out a bit!

Manufacturers face toughest conditions for 3 years

 Property

Osborne wants to developers to build on green belt, Will introduce fast track planning laws  Times p1,

Luxury homes boom in London (new housing projects booming according to EC Harris consultancy) FT p17

Student housing investment has doubled in the first half of this year – says Unite (last week Carlyle raised £125 m to build a portfolio of 1400 beds in central London) Ft p 22

 Personal Finance

S&P says 1.14 million homeowners own less than 10% of equity, effectively trapped in their homes, will go up to 30% if house prices fall 5%. FSA warns about ‘escape’ options being offered by dodgy companies, Times p 8

 Recruitment

City jobs in August same as July despite Olympic distraction (Astbury Mavsden recruiters) Times p 31

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