Gerald Ronson warns of problems with UK economy
Property tycoon Gerald Ronson has today criticised the UK government for what he believes is the creation of a two-tier Britain with rising unemployment outside of London having the potential to cause social unrest. It has long been known that the London economy can be very different to the wider UK economy and recent events have highlighted this fact. So why is Gerald Ronson concerned about the future?
Like so many property developers in the UK Gerald Ronson has seen significant problems with finance in the short to medium term with many banks unable or unwilling to finance the vital UK property sector. He also believes that the UK government is in danger of alienating future entrepreneurs in the UK by introducing higher taxes targeted at those who "lead the UK economy" and create significant job opportunities.
Gerald Ronson is not the first, and he will not be the last, entrepreneur to criticise the UK government and the state of the UK economy as there are real concerns about the future. Many of the small businesses of today will be the large operations of tomorrow, bringing with them significant job opportunities, but higher taxes introduced by the UK government, and targeted at business leaders, are forcing many to look overseas for investment opportunities.
Share this..
Related stories
Is the property sector turning?
News that a consortium of Indian and Gulf investors may well be looking at a takeover of British Land has prompted many analysts and investors to revisit the property sector. While the reports are as yet unconfirmed, the sharp spike in the British Land share price over the last two days would indicate that potentially there could be something on the cards.
The consortium is said to...
Rich BRICs invest in British bricks
Increasing demand for UK property from emerging economies such as Brazil, Russia, India and China (BRICs), will sustain property prices in the near future, a report predicts.Foreign buyers presently account for approximately one third of all property purchases in London, says estate agent Knight Frank. This figure climbs to 75 per cent for houses worth over £5 million."Average house prices in cen...
Read MoreEdinburgh set to lead UK housing market higher
Edinburgh will be the unlikely setting for the U.K.'s first property sector year-on-year increase when figures are announced later this week. The average home in Edinburgh now cost in the region of £212,000 which is a surprise 6% increase compared to this time last year. At a time when the Scottish economy is under real pressure, from a number of avenues, it seems that property in Scotland is sti...
Read MoreProperty Claims Set To Test Solicitor PI Cover
As the property market continues to struggle there are concerns that a number of solicitors will be on the end of claims against their professional indemnity (PI) cover. The more house repossessions in the UK, the more likelihood of a historic title defects arising, leading to claims by mortgage companies and home owners alike, determined to reduce any potential losses.
While the C...
Brits invest more in property than pensions
Britons invest an average £34 in home improvements per week while the weekly pension contribution is 89 per cent less at just £18, according to new research.A study carried out by the Rated Tradesmen website revealed that while nine in ten UK adults say they are 'very conscious' of the need to save up for retirement, 48 per cent have no pension plan. Seventy-three per cent of respondents said in...
Read More