Doing The Dip.
First it was the news from the BBA about mortgage approvals being at an 18 month low, followed by the Nationwide price index showing a price fall in October and there are many articles and market data about which should put the numbers into perspective regarding a consistent weakness and the problems of property purchase, most especially for first time buyers, even with the addition of a housing supply, stamp duty holiday and low Interest Rates being in the buyer’s favour. The stability of house prices, inflating credit costs, credit supply shrinking all seems a retro concept.
No Track Record
LEP’s are not a fusion of vinyl LPs and EP’s, Local Enterprise Partnerships are a new body that will be spoken about instead of RDA’s – Regional Development Agencies – and are a fusion of councils and businesses who will be bidding for money from the Regional Growth Fund. How the LEP’s will function and create new businesses and jobs appears to have some scratches and clicks for editing.
The Small Business Economic Forum held its first meeting recently during which businesses and Banks met with ministers to share views on enterprise and economic issues for small firms. We haven’t seen a copy of the Agenda but assume that business lending will no doubt have been up at the top.
Under 18`s Only
Tax-Free savings for children may replace the Baby Bond in the form of an ISA which will allow over 8’s also opening an Account. Mum or Dad gets to choose if the investment is in cash or Stocks and Shares and Junior will get to choose at 18 where the party is.
(Image and Article credit: Copyright SUF)