UK house prices rise by most since Dec 2022
British house prices rose at their fastest annual pace since December 2022 in March, with a 1.6% increase from the previous year.
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Silver rises to $25.80 as US$ slips on steady job openings
The price of silver jumped to .80 after steady JOLTS job opening figures were reported by the United States Bureau of Labor Statistics.
7 tips to increase your chances of getting business financing
Fact: Understanding your financing needs and options is crucial before applying for business financing.
UK shop prices rise at slowest pace since December 2021
Prices in British shops rose at the slowest pace in more than two years in March, with shop price inflation dropping to 1.3 per cent from 2.5 per cent in February. Food prices rose by 3.7 per cent, down from 5.0 per cent, while non-food prices rose by just 0.2 per cent.
UK landlords bet on green offices as hybrid work makes tenants picky
Fact: UK commercial property firms have seen steady growth in rental incomes and occupancy rates in environmentally compliant office spaces in prime locations in London.
Positive outlook for Cyprus economy, according to rating agency
Capital Intelligence Ratings has revised its long-term foreign currency rating outlook for the Republic of Cyprus from stable to positive. The government’s debt has been reduced due to consistent primary fiscal surpluses and proactive debt management.
Australia bank CEOs call for a fix to housing shortage
Australia’s housing shortage is driving prices higher and locking out first-time homeowners and migrants needed to fill skills shortages across the country, according to the CEOs of Australia’s three largest banks.
President Biden’s Budget Will Raise Taxes and Federal Debt
President Biden has released his fiscal year 2025 budget request, which includes massive tax hikes and harmful healthcare policies. The budget proposal increases taxes by .5 trillion and includes raising the corporate tax rate and implementing a global minimum tax for multinational corporations. The budget also expands on harmful healthcare policies and seeks to restore funding to the IRS. The budget projects that the federal deficit will continue to grow, reaching trillion by 2034. Interest on the debt will exceed defense spending beginning in FY 2025. The President’s budget would hurt taxpayers and the economy, and Congress should reject it in favor of a fiscally responsible budget.
UK businesses trim hiring and pay plans, Lloyds says
British businesses are reducing their plans for staffing and wage increases due to the impending minimum wage rise in April. The Lloyds Bank Business Barometer showed a decrease in the measure of staffing plans and the share of firms expecting to increase wages by 3% or more. The minimum wage in Britain will rise by nearly 10% next month, impacting businesses, especially smaller firms. The Resolution Foundation think tank highlighted the success of Britain’s introduction of the minimum wage 25 years ago in increasing the pay of low earners.
Economic conditions not static, DISY MP warns
The spokesperson for DISY, Onoufrios Koullas, emphasized the importance of keeping the middle class and small and medium-sized enterprises on track to create jobs and future revenue for the state. He highlighted the need for a holistic approach to address rising costs of living and economic conditions that are constantly changing. Koullas also criticized the government for relying on one-off measures and proposed targeted tax measures for middle-income families. DISY suggested investing the additional revenue from a fuel tax into the economy.