Newspaper Headlines – Thursday 14th November

Main Economic/Business
Rate rise signalled for 2014 as UK recovery takes hold – The Bank of England has unexpectedly brought forward its forecast for when it predicts unemployment will fall below 7%, meaning it could raise interest rates as early as next year. Financial Times, p1; Independent, p18; Times, p1


Britain’s housing crisis is the latest subject to be tackled by an annual competition founded by Lord Wolfson, chief executive of Next. Launched this morning, the prize is offering £250,000 to the author of the best plan to create a new garden city. City AM, p6

The developer of the capital’s ‘Cheesegrater’ British Land has reported a 6.6% rise in its underlying pre-tax profits to £146m in the six months to September. Much of the company’s success has been driven by the strength in its London portfolio which includes the Cheesegrater and the large Regent’s Place scheme near Euston station which has already secured lettings to Manchester City Football Club and Facebook. The Times, p51; City AM, p11


Unemployment in the UK has fallen to 7.6% of the workforce, its lowest since May 2009. Most of the jobs taken were full time, although 54,000 were temporary. FT, p2

A sharp rise in the number of jobs that require a degrees as a minimum entry requirement has led to a qualification inflation according to Vince Cable. He said that large number of students were being forced to gain university degrees even though they were superfluous to many careers. Graeme Paton, Telegraph, p6

Personal Finance
Research funded by the Joseph Rowntree foundation shows that a third of the 1.3m families with children in poverty are single breadwinner families. Guardian, p20


Monday 14th January – News Headlines


Venn Partners set to undertake real estate lending in the UK (backed by Norwegians) FT p 18

£155 pension boost for stay-at-home mothers, announced by Ian Duncan Smith, Mail p 1, Tel p 1

Pensions to soar by 25% (because share prices may go up!) Express p 1

Banking Industry rejects coalitions plans to help FTB through enabling FTB’s to access parent’s pension pots, Times p 38

FTB’s need to save 8 years to get a deposit (Barclays Research)  Times p38


Goldman Sachs will delay City bonuses to post April 6th to avoid 50% tax, FT p 1

Link bonuses to long term initiatives says High Pay Center, Tel B3

Graduates face toughest market since the depths. Of 2009 recession as employees will increase graduate recruitment by only 2.7% (High Flyers Research) The Times reports that graduates will need to have had work experience with prospective employers to increase their chances, Express p 5


Next influx of migrants will cause shortage of housing admits Mr Pickles

US Lenders begin to rebuild the US Mortgage Market, (FT Special Report) FT p 19