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Economic Tracker- June

Our monthly economic tracker provides data and expert commentary on the health of the housing market

B2L sector is proving its ongoing resilience

 

More homes needed as owners stay put

 

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KING

MPC minutes reveal King voted to increase QE by £50bn

Three members of the Bank of England’s Monetary Policy Committee, including Bank governor Mervyn King, voted in favour of boosting the quantiative easing programme by £50bn at June’s meeting.

Lord Turner: MAS chief executive pay is too high

Financial Services Authority chairman Lord Turner has admitted that Money Advice Service chief executive Tony Hobman’s £350,000 remuneration package was set too high by the regulator.

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]

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