News headlines Wednesday 4th December 2013

Economic/Business

Six city insurers (L&G, Prudential, Aviva, Standard Life, Friends Life and Scottish Widows) have announced a major investment into UK infrastructure projects, committing £25bn over the next five years. This will put the bellows under the government’s national infrastructure plan containing £375 billion worth of schemes financed by government and private investment. The UK will also sell its share in Eurostar.

Personal Finance

Britons are in top three countries for leaving big inheritances to their children more than any others in the western world according to research from HSBC. Two thirds expect to leave something to their families with an average value of £185,000 well above next ranked country France. Only Australian and Singaporean parents expect to leave more.

Property

The Office of Fair Trading is to investigate the residential property services market after a sharp rise in complaints of overcharging. Five million people live in leasehold properties. The Residential Managing Agents blamed the problems on the fact that the industry was unregulated.

Recruitment/Employment

A jobs bonanza is expected in the run up to Christmas as retailer jobs have risen by nearly 50% last month compared to November 2012, construction and property jobs are also up 69% for the same period

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