The decision by the Bank of England’s rate-setting committee to reduce Bank Rate from 5.25% to 5% on 31 July was clearly a nail-biting affair, succeeding by the narrowest of margins: five votes to four. The most recent consumer price inflation print of 2.2% in July, implies a real short-term...
zLead Article
LATEST ARTICLES
The Storyteller
The art of leaving home
Moving out of an apartment, as I’ve been doing recently, convinces me at last to resign from American consumer culture and live with only bedding, one towel, two changes of...
The Fund Manager
RICS must learn the Alison Rose lesson
It’s all a matter of judgement… It was predictable for those of us with a few grey hairs that the woke agenda would eventually be checked by a good old dose of common sense, but...
The Fund Manager
Investment banks need to change
My immediate response to the news that Lazard, the boutique investment bank, is to cut 10% of its staff amid a “dealmaking chill,” is that they should cut 10% off the fees they...
The Fund Manager
Existential Crisis at RICS?
The average member of the RICS – the institution that regulates standards, values, and protocols across the profession – must be holding their heads in their hands right now. Has...
The Storyteller
Honouring the men who went ashore
I was an infant when Allied forces crossed the Channel and landed at Normandy in 1944 and none of my uncles were there. The only D-Day vet I knew was my high school biology...
The Economist
UK CRE investing
UK commercial real estate (CRE) valuations are languishing at post-COVID lows, amid fears the sector faces “banking covenants being breached” and struggles with regard to...
The Economist
When has there ever been certainty?
None can deny whose strong arms made the winning difference in World War II. The same fingerprints can be found on the remnants of the Berlin Wall, and on the Iron Curtain not...
The Economist
The FCA’s listings reforms are welcome – but regulation alone won’t lure firms to London
With promising companies either leaving London or deciding not to list here in the first place, this week’s reforms to the UK’s stock market regime could not come soon enough....
Residential Investor
The road to even higher rents is paved with good intentions
Pretty much every renter in Britain has a horrible landlord story. Whether it’s a mouldy bathroom, exaggerated damage costs after a tenancy, delayed repairs, surprise rent...