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Brexit fallout on UK finance intensifies - think tank

11 March 2019

More than 275 financial firms are moving a combined $1.2 trillion (£925 billion) in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion

UK lawmakers are due to vote on Tuesday on an EU divorce settlement. But with less than three weeks to go before Brexit day on March 29, it is still unclear whether the deal will be approved, whether departure from the EU will be delayed, or whether it will happen without agreement.

The report by the New Financial think tank, one of the...

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Marked increase in British support for immigration

04 March 2019

There has been a remarkable increase in the UK public’s appreciation of the benefits of immigration since the nation voted in the EU referendum in 2016, according to a new poll.

Almost half of those surveyed believe immigration is positive for the economy

The survey, conducted for the BBC by Ipsos-Mori, found that almost half of the 1,500 respondents now believed immigration had had a positive effect on the country, while only just over a quarter felt it had had a negative effect.

Part of a survey of almost 20,000 people across 27 countries, the results showed that the UK now ranks among...

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BREXIT: Switzerland To Apply Separate Work Permit Quota for British Citizens in “No-Deal” Scenario

18 February 2019

The Swiss Federal Council has decided that, in the event of the UK’s disorderly exit from the EU (i.e., without a ratified Withdrawal Agreement), a separate quota of work permits will be made available from 30 March 2019 to British citizens who wish to enter Switzerland to work. The quota, which in this scenario will apply between 30 March 2019 and 31 December 2019, includes 2100 B long-term permits and 1400 L short-term permits. The cantons will be notified on a quarterly basis of the maximum numbers they are allowed to admit.

This is not applicable to British citizens already legally residing...

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Agents call for delay in launch of stricter mandatory electrical checks

04 February 2019

The Association of Residential Letting Agents says it backs the stricter rules on mandatory electricity checks in rental properties announced by the government - but it’s called for a delay on their introduction.

Earlier this week the Ministry of Housing Communities and Local Government revealed it would be publishing new guidance setting out the minimum level of competence and qualifications necessary for those carrying out these important inspections.

Properties that already have a valid electrical installation condition report will not need to replace it until five years have passed since it was issued.

Agents must ensure that any inspectors hired to issue an...

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UNITED KINGDOM: Public Testing of EU Settlement Scheme Opens

30 January 2019

Effective 21 January, the Home Office opened the voluntary public testing phase of the EU Settlement Scheme to resident EU citizens (and their EU citizen family members) with a valid passport and their non-EU citizen family members holding a valid biometric residence card.

Also on 21 January, the prime minister announced that the application fee (currently £65 for an adult and £32.50 for a child under 16) will be cancelled once the scheme is fully open and that anyone who has applied during testing will have their fee reimbursed.

What is the EU Settlement Scheme?

The EU Settlement Scheme is an application to...

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UK exports: why British education is big business

24 January 2019

With the popularity of the UK curriculum around the world at an all time high, London’s International and Private Schools Education Forum (IPSEF) revealed the potential opportunities for UK schools looking to open abroad… as long as they understand their marketplace.

Exporting UK education

This reputation has seen increasing numbers of British school brands exporting themselves overseas. According to recent statistics from ISC Research, who provide data and intelligence on the international schools market, the UK curriculum is still the most popular in the world, having been adopted by 3,586 international schools globally.

This is something that Geoff Gladding, senior lead of the...

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UK employment rate and job vacancies at record high

23 January 2019

The number of people in employment in the UK has hit a record high while wage growth is at its greatest for 10 years, according to official data released on Tuesday.

Rise in jobs vacancies indicates skills shortages in UK business sectors

Meanwhile, the number of job vacancies rose by 10,000 over the quarter to November to an all-time peak of 853,000, reflecting the skills shortages being reported by many UK business sectors. The figures prompted a call from the British Chambers of Commerce (BCC) for a post-Brexit immigration system “that helps, rather than hinders” businesses.

The number in work in the three...

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BREXIT: UK Parliament Rejects Withdrawal Agreement [UPDATED]

21 January 2019

On 15 January 2019, the United Kingdom parliament voted overwhelmingly (by 432 votes to 202) against the withdrawal deal negotiated between the government and the EU. On 16 January, the UK Prime Minister survived a vote of no confidence. The government has until Monday 21 January 2019 to present a plan B to parliament for another vote. The debate and vote on this plan B, and any amendments tabled before then, is expected to be held on 29 January 2019.

While the article 50 process means that the UK will leave the EU on 29 March 2019, with or without a ratified...

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London house prices fall as UK homes grow in value

17 January 2019

Homes in the capital also experienced the greatest annual fall as they dove 0.7 per cent year on year in November, according to HM Land Registry figures.

The drop left the average London home priced at £472,901.

That contrasted with UK house prices, which dropped 0.1 per cent in value compared to October but rose 2.8 per cent compared to 2017, with the average property price hitting £230,630.

In England, house prices grew year on year by 2.6 per cent with the average home costing £247,430.

Property experts warned that further falls are likely after yesterday’s Brexit drama, in which parliament handed Theresa May’s...

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The clock ticks down: Fees ban will apply to all tenancies signed after June 1

16 January 2019

Fees charged to tenants are to be outlawed on all new tenancies signed after June 1.

The long-awaited announcement of a date for introduction of the ban was made by Lord Bourne of Aberystwyth, the Government’s housing spokesperson in the House of Lords, during the Tenant Fees Bill’s Third Reading yesterday.

He said: “Implementation is subject to the parliamentary timetables and amendments need to be considered in the other place [the House of Commons].

“We need to enable agents and landlords following Royal Assent to become compliant but we intend for the provisions to come into force on June 1, 2019.

“This would mean...

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