Barratt Developments sees signs of a recovery in the property market
In line with yesterday's announcement from Persimmon, Barratt Developments has again reiterated the fact that there are signs of improvement in the UK property market with reservations per site up by over 30% compared to last year. Thankfully the company has managed to reduce its own debt load from £1.4 billion last year to £700 million this year due to the recent £720 million fundraising. It also looks as though Barratt developments is in the market for further land acquisitions, a sure sign that it believes the worst is over and the sector is now looking to move ahead.
Despite the fact that house prices have fallen by 20% since August 2007 we are starting to see a month by month recovery in prices which is slowly but surely building confidence leading to a potential snowball effect. While nobody is taking it for granted that the UK economy will power ahead in 2010, indeed many people believe it will be a difficult year, but thankfully it looks as though we can safely say the worst is over at least for the moment.
The more UK property companies which release positive statements the more confident buyers will become and the more liquidity will eventually return to the market.
UK holiday company collapse
UK holiday company Goldtrail collapsed yesterday with 16,000 customers left stranded overseas and future holidays under threat. There is also anger regarding the fact that many customers were left waiting with no news at various airports around the UK, despite the fact that the company had collapsed hours earlier. So what next for stranded holidaymakers? The Civil Aviation Authority is currentl...Read More
UK base rates to remain on hold
This week's meeting of the MPC is likely to keep UK base rates on hold as concerns about the UK economy continue to outweigh the potential problem of high inflation. Despite hopes that the rate of inflation in the UK would fall over the last couple of months it has remained stubbornly high with the Bank of England citing a number of one-off factors as the main reason for this. Many people expec...Read More
Teaching kids the value of money
There are many lessons which children learn in their early years which will set them up for their later years, but one which we should all consider is teaching children the value of money. If your child grows up with no understanding, or even worse a misunderstanding, of the value of money this could cause major problems in the medium to long term. Even though the education curricula in the UK has...Read More
Will a superfast broadband network really help the UK economy?
Over the last few weeks the financial press has been dominated by the Digital Britain report into the U.K.'s broadband network and the potential for change in the future. The report has brought forward a number of improvements to the sector and the legal obligation for broadband providers to ensure that all of the UK has access to video enabled broadband speeds of no less than 2 Mb. However, does...Read More
Get yourself ready for more junk mail in the future!
Yesterday's announcement that the Royal Mail had agreed a 6.9% pay increase with the union bosses was well received across-the-board. While there have been concessions on both sides it would appear that every household in the UK can expect to receive more junk mail in the future with the unions agreeing to abandon a three items of junk mail per household per week upper limit. So why can we expect...Read More