Economics
HMRC: 6,000 HNWI have left Britain
Latest government data shows a 13% fall in the number of individuals claiming non-domiciled taxpayer status in the UK, with top advisors citing Corbyn and Brexit as key factors...
Cutting Stamp Duty ‘could boost transactions by 40% and tax revenues by £9.8bn’
According to buying agency Ludgrove's workings, a 36% reduction in Stamp Duty rates across the board would likely lead to 40% additional transactions in England per annum, in turn generating an extra £1.
Carrington on Q2: It does seem that the tax rate in the popular Laffer Curve has now been breached
Successive parliaments have fiddled with stamp duty 14 times since 1995, but the right balance is yet to be struck, writes LonRes Chairman William Carrington
Bloomberg: UK builders see Brexit crisis when foreign labour disappears
Britain's construction industry "will lose access to the lifeblood of its workforce" as a result of leaving the EU, warns Bloomberg journalist Olivia Konotey
SDLT revenues drop as £1m+ sales tumble
Stamp Duty generated 6% less for the Government's coffers in Q2 2019 than in Q2 2018, largely as a result of a 12% fall in £1m+ transactions...
PwC forecasts ‘sluggish’ property price growth for the UK
UK house prices are likely to rise by a 'sluggish' 1% this year, predicts consultancy firm PwC, 'implying a 1% decline in real terms'
No-deal Brexit could knock 10% off house prices – OBR
Government's independent forecasting body suggests prices and transactions could tumble in the event of a no-deal departure on 31st October...
‘There is a relatively high risk that the UK will experience a recession in the next few years’
Britain's recession-risk has reached a ten-year high, warns The Resolution Foundation; levels last seen in 2007, just before the global financial crash...
Bloomberg rolls out a ‘Housing Bubble Dashboard’
Canada, New Zealand, Australia, Norway, Sweden and the UK are all 'vulnerable economies to a correction in house prices', warns Bloomberg
World’s wealthiest take a financial hit, ending seven years of growth
The world's wealthiest individuals lost 3% of their combined net worth in 2018; Britain's HNW set lost 6%
Charting the price of a top 1% home across the UK
'The difference in the cost of the top 1% of homes by region just might come as a surprise,' says Savills' research chief Lucian Cook
Looming global housing slump ‘could cut world growth to a decade low’
Signs of a global house price downturn are already visible, warns Oxford Economics