Paper summary for Friday 18th January 2013

Economics

The administrators to HMV have received over 50 expressions of interest in the entertainment retailer, boosting hopes that a rescue of the 92-year-old company is still possible. Game, the retailer bought out of administration by investment firm OpCapita, is apparently interested in acquiring up to 45 HMV stores. P.B3 of The Daily Telegraph and p.15 of the Financial Times.

Property

More than two thirds of homeowners expect house prices to rise in the next 6 months. Households in eight out of the eleven regions believe their property will grow in value during the year ahead, according to research by Zoopla and Knight Frank. P.2 of Bricks & Mortar in The Times.

According to the Daily Mail, now is the moment when many older property owners are beginning to consider making a move. The steady growth in purpose-build retirement property means there are plenty of alternatives out there, regardless of their motivations for moving. P.62 of Daily Mail.

Personal Finance

The Treasury has promised not to use the introduction of a more generous single-tier pension as a “stealth tax” increase. The small print of the coalition plan to introduce a flat-rate £144-a-week pension – announced on Monday – indicated that the exchequer would claw back significant sums from higher national insurance contributions. But aides to George Osborne, the chancellor, said the intention of the plan was not to boost public finances. P.4 of Financial Times.

George Osborne’s latest squeeze on benefits and tax credits will plunge a further 200,000 children into poverty. The Chancellor said last month that he would cap a series of in-work and out-of-work benefits below inflation until 2016. MPs will vote on Monday on the measures, which will see the benefits rise by 1 per cent each year. P.19 of The Times, p.23 of The Independent and p.14 of The Guardian.

Recruitment

The number of disgruntled employees seeking compensation at employment tribunals has dropped by more than a fifth in just two years, figures revealed yesterday. Claims plummeted from more than 235,000 in 2010 to 186,300 last year as the recession bit into incomes and threatened job security. Sex discrimination claims were down by 40 per cent, numbers of workers saying they were unfairly dismissed fell by nearly 20 per cent, and equal pay tribunal cases fell by 22 per cent.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s