Tag: chancellor



EU Exit Would Make UK ‘Permanently Poorer’ Warns George Osborne

How would the commercial property sector be affected by Brexit
Posted on 18 April, 2016 by Chris Grigorovsky under Economy

Chancellor George Osborne has stated that the EU exit will cause severe damage to the UK economy and make it ‘permanently poorer’. Analysis by the Treasury shows that by 2030, UK national income could be 6% smaller, which equates to £4,300 a year... Read More

March Rental Values Unfazed by Stamp Duty Changes

March rental values unfazed by stamp duty changes
Posted on 8 April, 2016 by Chris Grigorovsky under Economy, Industry News

Despite the stamp duty tax changes reducing overall commercial property capital values in the UK, rental values grew more in March than January and February combined, according to CBRE’s latest Monthly Index. Capital values, after three years of... Read More

Are Retail Sales Defying Slow Growth Expectations?

Are Retail Sales Defying Slow Growth Expectations
Posted on 30 March, 2016 by Chris Grigorovsky under Business News, Economy

Throughout March, retail sales volumes remained substantially steady, beating the expectations of slow growth, according to the latest monthly Distributive Trades Survey from CBI. The survey of 125 firms, comprising 63 retailers, found that sales... Read More

Fears that Councils will Waste £26bn Business Rates Handover

Fears that Councils will Waste £26bn Business Rates Handover
Posted on 9 March, 2016 by Chris Grigorovsky under Business News, Economy

New research has emerged, revealing that George Osborne's plans to hand councils control of business rates will make the system worse and not boost... Read More

Is Commercial Leasing the Answer to Increased Stamp Duty?

Is commercial leasing the answer to increased stamp duty
Posted on 28 January, 2016 by admin under Economy, Industry News

New changes to the Stamp Duty Land Tax (SDLT) are making some investors explore whether commercial property investment is becoming a viable alternative to residential buy to let. According to the Office for National Statistics, residential property... Read More

2016 to be Toughest Year since Financial Crisis George Osborne will Warn

Commercial property debt at its lowest in 10 years
Posted on 7 January, 2016 by Chris Grigorovsky under Economy

With 2016 under way, the serious threat of a slowing global economy will give the UK a "Cocktail" of serious threats, Chancellor George Osborne will warn. In a report by the BBC, it said that Mr. Osborne told them the economy was far from "mission... Read More

Commercial Properties will have to wait for Chancellor’s Business Rates Promise

Posted on 2 January, 2012 by Neil Bird under Economy, Industry News

Owners and occupiers of commercial properties in England and Wales will have to wait for the help towards business rates promised by the chancellor the Telegraph reports.... Read More