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Brexit could help foreigners buy up more of London

28 July 2016

One consequence of Brexit could be that more London properties end up in foreign hands.That’s the ironic product of Britain’s decision to exit the European Union — an outcome predicated in part on a desire to reduce immigration to the UK.Investors pulling money from UK property funds out of fear that real estate values will fall are forcing sales of prime properties in London.For certain investors, the timing couldn’t be better. With the pound hovering near its weakest levels since the mid-1980s, the purchasing power of overseas investors in the UK has risen at exactly the time when Brexit jitters are helping...

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Distributors eyeing relocation post Brexit

28 July 2016

The majority of product providers would leave London if the UK loses its EU passporting rights, a survey has revealed.The study, by property data provider DealX, found that of the 97 firms asked, 56.8% admitted they would be forced to relocate some of their London-based operations in this scenario.The amount of the London-based operations that would be moved varies between companies, but 24% said they would move 60-100%. However, 35% said they would move no staff abroad.While negotiations between the government and the EU have yet to begin, 36% of respondents who said they would look to relocate admitted they...

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Top 20 areas to buy a home within 60 minutes of the capital from Marlow to Henley

28 July 2016

MARLOW, BUCKINGHAMSHIRE What it costs: an average property currently costs £532,614, up 15.4 per cent in the past two years. Houses sell for an average £510,805, and flats for £288,749. Source: Savills/Land Registry.The commute: from 52 minutes to London Paddington. An annual season ticket costs £3,348. From 30 minutes High Wycombe or Beaconsfield to Marylebone.Top schools: a quartet of Ofsted “outstanding” schools: Holy Trinity Church of England (Aided) School, Spinfield School (primary), Marlow Church of England Infant School and Sir William Borlase’s Grammar School.HENLEY ON THAMES OXFORDSHIREWhat it costs: house prices have risen 15.8 per cent in the past two years...

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UK and Eire admit complex border negotiations ahead

27 July 2016

Prime Minister Theresa May and Taoiseach Enda Kenny are attempting to devise a formula to protect the open border between Northern Ireland and the Irish Republic once the UK has left the European Union. Protection of the Common Travel Area (CTA) between the Republic and the UK will be a priority for both governments once Brexit negotiations with the EU start. On 25 July, Mrs May paid a visit to Northern Ireland and emphasised that no one wanted a return to the “borders of the past”. For his part, Mr Kenny bluntly told President François Hollande last week...

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British security services warn attack on UK is Ôvery likelyÕ as churches on terror alert after Normandy priest murder

27 July 2016

A terrorist attack in the UK is “highly likely” following attacks in other parts of Europe, a five-judge tribunal has been told, as churches in Britain are told to tighten security after the murder of an 85-year-old priest in Normandy.The heightened state of security comes as images threatening attacks in London and other major world capitals were reportedly posted on jihadi messaging app Telegram.Despite there being no specific intelligence relating to attacks against the Christian community in the UK, the National Police Chiefs’ Council is urging the community to be alert but not alarmed, report concerns and review their security as a precaution.Neil Basu, Deputy...

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UK faces surge in EU migration before Brexit unless cut off date applied MPs warn

27 July 2016

Britain faces a huge “surge” in European Union migrants before leaving the bloc unless Theresa May enforces a “cut off” date on those arriving, MPs have warned. The Home Affairs select committee has suggested three dates after which EU migrants cannot claim permanent residence, the earliest being the referendum date a month ago.  Keith Vaz, the Labour MP who chairs the committee, said while EU citizens in Britain must not be used as “pawns in a complicated chess game” there was a chance of a migration surge.  Theresa May will visit Rome on Wednesday to hold talks...

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GSK UK still attractive post Brexit as it invests £275m

27 July 2016

GlaxoSmithKline is to invest £275m to expand its UK manufacturing sites, saying the country remains “an attractive location” despite Brexit. The pharmaceutical firm, whose chief executive Andrew Witty backed the Remain campaign, said the UK’s skilled workforce and competitive tax system helped drive the decision. It said most of the products made at the expanded sites would be exported. The firm said it expected its investment to create jobs. “It is testament to our skilled UK workforce and the country’s leading position in life sciences that we are making these investments in advanced manufacturing here,” said...

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UK economic growth sped up ahead of Brexit vote

27 July 2016

The UK economy grew by 0.6% in the three months to the end of June, as economic growth accelerated in the run-up to the vote to leave the EU. Second-quarter gross domestic product grew faster than expected, and was up from 0.4% growth in the previous quarter, the Office for National Statistics (ONS) said. Any uncertainty ahead of the referendum seemed to be “limited”, the ONS said. On an annual basis, growth was 2.2%, helped by a surge in manufacturing. ONS chief economist Joe Grice said: “Continued strong growth across services, particularly in retailing, reinforced by healthy...

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EIGHT TIMES More Foreign Investment In UK Firms Following Brexit Vote

27 July 2016

LONDON (Reuters) – Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought.Almost 60 transactions totalling $34.5 billion have been struck by foreign companies for British firms since June 23, according to Thomson Reuters data, compared with 79 deals amounting to $4.3 billion in the month leading up to the vote.This activity – dominated by Japanese group SoftBank’s $32 billion swoop for chip designer ARM Holdings – has defied warnings that...

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UK no let up for student migrants, says May

27 July 2016

May is expected to instruct officials at the Home Office and newly beefed-up Department for Education to examine student visa regulations to restrict access to poor quality ‘Mickey Mouse’ courses, according to the Telegraph. May reaffirmed her commitment to the net migration target, despite suggestions by ministers that the government may back away from the target Other options that may be considered include preventing universities from marketing their courses as a route to working in the UK and looking at what can be further done to ensure students don’t overstay their visas. Ensuring students return home after...

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Top 20 areas to buy a home within 60 minutes of the capital from Marlow to Henley

27 July 2016

Many towns and villages within an hour of London offer commuters a great escape, an enviable choice of homes and top schools. We take a look at the pros and cons of moving to 20 of the best…MARLOW, BUCKINGHAMSHIREWhat it costs: an average property currently costs £532,614, up 15.4 per cent in the past two years. Houses sell for an average £510,805, and flats for £288,749. Source: Savills/Land Registry.The commute: from 52 minutes to London Paddington. An annual season ticket costs £3,348. From 30 minutes High Wycombe or Beaconsfield to Marylebone.Top schools: a quartet of Ofsted “outstanding” schools: Holy Trinity...

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UK and China optimistic of post Brexit trade deal

26 July 2016

The UK and China have taken the first tentative steps towards negotiating a free trade deal once Britain has completed its exit from the European Union. Crucially, such an agreement could open up the Chinese market to the UK’s all-important services sector, particularly the banking and insurance industries. There would be concerns, though, that in return the UK could be flooded with cheap Chinese imports, undercutting indigenous industries. The Chinese Ministry of Commerce has already expressed its willingness to do a post-Brexit deal with the UK, and Chancellor of the Exchequer Philip Hammond, speaking to the BBC at...

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Huge spike in Chinese property investors interest in the UK post Brexit

26 July 2016

Chinese investors are increasingly looking to buy British property, taking advantage of the low sterling after Brexit.Juwai, China’s biggest international property portal, said the number of Chinese buyer inquiries into UK property  in the month after Britain voted to leave the European Union was 40pc higher than average.Bernie Morris, head of Juwai’s EMEA division, said: “The data show that the Brexit vote has definitely boosted Chinese buyer interest in UK property. The chief mechanism has been the reduction in the value of Sterling against the dollar and the yuan.“Now, with politics stabilizing and a competent new government in place, the...

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Residential sales in UK up by almost 5 percent between May and June

26 July 2016

The provisional seasonally adjusted UK property transaction count for June 2016 was 94,550 residential and 10,930 non-residential transactions. Residential property sales recorded in the UK increased by almost 5% between May and June 2016, according to the latest estimated figures to be published. The residential transaction count was 94,550 and while this is up 4.9% month on month, it is 10.2% lower compared with the same month last year. The large increase in transactions for March 2016 followed by the substantial reduction in April is likely to be associated with the introduction of the higher rates on...

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UK property tax not so bad compared to Europe claims consultancy

26 July 2016

An international accountancy consultancy says mainland Europe levies some of the highest property purchase taxes in the world - and that in comparison, the UK has what appears to be a relatively low-tax buying process. The consultancy, UHY, uses an analysis based on a property costing US$1m - so equivalent to roughly £765,000. It therefore does not include the higher priced UK properties which attract significantly higher levels of stamp duty. UHY says across western Europe purchase taxes average at approaching four per cent, so on its US$1m baseline that would be an average tax of US$38,356....

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Theresa May to further scrutinise student visas in immigration crackdown

25 July 2016

Theresa May is set to scrutinise the number of student visas being granted to UK university applicants in a fresh attempt to reduce immigration.The Prime Minister is reportedly preparing her new government to crack down on higher education institutions, claiming they have become an easy route into Britain for economic migrants.Government sources have said the Home Office and Department for Education will examine the student visa regime to see where criteria can be tightened, according to The Telegraph.As Home Secretary, Ms May attempted to limit the number of visas for students coming to study on further education courses.In a confidential...

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Cambridge private schools plans multimillion pound renovation of Cherry Hinton Hall

25 July 2016

A private school has announced plans for a multi-million pound renovation of a Grade II-listed country house. The Cambridge International School has submitted plans for Cherry Hinton Hall, which would see a “complete refurbishment of the building both inside and out”. The hall, which was built in 1839 and is now owned by Cambridge City Council, is home to the school’s junior classes. They include a new central enclosed early-learning courtyard for the school’s youngest pupils, and a new ‘outdoor room’ for covered learning. It would also see the creation of a new ‘Giants’ Garden’ linked...

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China chooses Sheffield for billion pound developments

22 July 2016

Announcing what represents the largest Chinese investment outside London, Sheffield City Council announced that an initial investment would pay for the construction of four or five city centre projects over the next three years and create “hundreds if not thousands” of jobs. Though individual projects have not been announced, council leader Julie Dore said work on the first of them could start early next year. She suggested new hotels, leisure facilities and residential properties could all be on the agenda. “It’s a massive vote of confidence in Sheffield. It is the first deal of its kind to be made by...

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New global trade links threatened by London airport capacity

22 July 2016

The research, sponsored by the pressure group Let Britain Fly, said that despite London’s reputation as an international hub, the capital was not directly connected to 128 cities around the world with populations of more than two million.And the report said that, by 2030, another 77 more cities of that size – 31 of them in either China or India – will exist and that the UK’s ability to connect and trade with them will be limited unless airport expansion goes ahead.Despite a three-year inquiry by the government-appointed Airports Commission, which recommended in the summer of 2015 that a third runway...

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Government provides details of buy to let interest tax relief change

22 July 2016

Any lingering hope that the buy to let sector might have of a rethink by the new Chancellor over restructuring mortgage interest tax relief for landlords has been quashed.Instead, the government has set out details of how the mortgage interest relief restrictions will be phased from April 2017.In a post on the government website, the Treasury says finance costs won’t be taken into account to work out taxable property profits. “Instead, once the Income Tax on property profits and any other income sources has been assessed, your Income Tax liability will be reduced by a basic rate ‘tax reduction’. For...

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NEI Global Partner Alliance welcomes Icon Relocation to become a partner

22 July 2016

Congratulations and welcome aboard! As you know, NEI’s Global Partner Alliance (GPA) program recognizes its service partners who embrace and support NEI’s mission of Service Exceeding Expectations. We are excited to announce that your company has not only demonstrated its commitment to our mission, but, you have also met all of our requirements in the areas of administration, compliance and quality assurance.  These accomplishments are very much appreciated and, as a result, we are delighted to invite you to become an NEI Certified Global Partner! As a member of NEI’s Global Partner Alliance (GPA), you are:...

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Brexit vote throws spanner into global growth forecast

21 July 2016

Its most recent prediction of 3.2 per cent growth across the world has now been reduced to 3.1 per cent, with the forecast for UK growth for this year being cut from 1.9 to 1.7 per cent and, for next year, from 2.2 per cent to a lowly 1.3 per cent.The IMF said its latest forecasts were based on a “benign” assumption of a gradual reduction in uncertainty with the prospect of a deal between the UK and EU avoiding a large increase in economic barriers, no major financial market disruption and limited political fallout.”The first half of 2016 revealed some promising...

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UK jobless total falls again record number in work

21 July 2016

With a jobless rate standing at 4.9 per cent - representing 1.65 million people unemployed - in the three months to May, the Office for National Statistics (ONS) said the employment rate had hit 74.4 per cent with 31.7 million in work, 176,000 more than in the previous quarter. However, the data pre-dates the June referendum that resulted in a vote to leave the European Union – a move that many analysts fear will result in a marked cooling in employment prospects. Paul Hollingsworth, UK economist at Capital Economics, commented, “The vote to leave the EU will almost certainly now cause some firms...

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Grammar school and the 11 plus explained

21 July 2016

Although Grammar Schools, and their accompanying 11+ entrance exam, have been phased out in many parts of England, they still exist in some areas including single-sex boys grammar schools and girls grammar schools. These selective schools are highly sought after by relocating parents keen to secure a top-quality education for their children. So, how does the grammar school system work? And how do families apply for places? What is a Grammar School? Grammar schools are government-funded secondary schools. They are the only state schools in England that are allowed to select all their pupils based on academic ability....

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European Commission adopts proposal for EU Blue Card scheme improvements

19 July 2016

The European Commission has adopted a proposal to improve the EU Blue Card scheme by relaxing existing eligibility provisions, improving intra-mobility rights of workers in the European Union and reducing processing times among others. In order to attract highly-skilled workers to the European Union (excluding Denmark, Ireland and the United Kingdom), the European Commission has adopted a proposal to improve the EU Blue Card scheme. The new provisions must pass through the European Union’s standard decision making process before adoption by the European Parliament and the Council. The European Commission consulted business and expert groups to address several...

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Is Brexit a luxury property opportunity

19 July 2016

Could UK’s departure from the EU mean there are property bargains to pick up? The UK has voted to leave the European Union, a decision that has already hit the economy and had an impact on the retail property market. Commercial property funds crashed down on the referendum result and economists expect the UK’s eventual withdrawal from the bloc to slow growth or even prompt a recession. But could it be good news for people looking to buy luxury properties? The answer depends partly on where you are:...

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Housing shortage will almost certainly continue to drive up UK prices

19 July 2016

Property prices were at the forefront of the EU debate in the run-up to the referendum, with the now former Chancellor George Osborne claiming that the value of homes in the UK could fall by as much as 18% following a Brexit vote. Based on the average price of a home in the UK, Osborne’s forecast suggested that the average residential property could fall in value by more than £50,000 within two years of the vote in comparison with what it would be if the UK stayed in the EU. But his assertion, or scare tactics depending on...

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Its a Free Gift Season in the London Property Market

19 July 2016

London homebuilders are offering to pay sales taxes, gift 20,000 pounds ($26,800) of furniture and the chance to win a free parking space as Britain’s vote to leave the European Union damps demand. Brexit will damage the U.K. economy and residential property values in London could fall by more than 30 percent, Societe Generale SA analysts including Marc Mozzi wrote in a note to clients on Monday. U.K. homebuilder sales will drop by 5 percent, according to Barclays Plc analyst Jon Bell. The U.K. capital’s housing market faces an oversupply of apartments that Londoners can’t afford and fewer...

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UK scoping a dozen trade deals outside the EU

19 July 2016

It has also been revealed that, in the wake of the Brexit vote, Malcolm Turnbull, the Australian prime minister, has told Theresa May, the new British PM, that he would like to strike a free trade deal with London “as soon as possible”. Mr Fox, who will travel to the US next week in a bid to kickstart talks on a new Transatlantic trade deal, told the Sunday Times that he was “scoping about a dozen free-trade deals outside the EU to be ready for when we leave”. China, India and Canada, in addition to the US, are...

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Serviced apartments in the UK 2016

19 July 2016

The UK serviced apartment sector had a successful 2015, with RevPAR up 4.7% on 2014, according to figures from STR Global. This growth was driven by average daily rate (ADR), which was up 4.1%, whereas occupancy growth was more subdued at 0.6%. However, this was due to the supply and demand equilibrium; whilst demand was up, so was supply – which grew by 2.2%. The vast majority of new apartments were in London, with supply increasing 3.4% in the capital.  This supply increase directly contributed to a slight occupancy decline in London, although strong ADR growth of 3.3% contributed to healthy...

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CHANGES FOR FOREIGN DOMICILES

18 July 2016

The UK has for many years recognised the need to provide a tax regime for individuals who are resident in the UK but not domiciled here; as these individuals do not intend to remain in the UK permanently or indefinitely, they are able to shelter their foreign income and capital gains from UK tax unless they (broadly speaking) bring the income or gains to the UK.  In addition, a foreign domiciled individual is exposed to inheritance tax only on UK assets up until they have been resident in the UK for 17 out of the last 20 tax years, at...

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Japanese swoop to buy UKs arm holdings

18 July 2016

Softbank has promised to double the number of UK staff at the smartphone chip designer over the next five years and retain its headquarters in the UK along with its existing management team. Chancellor of the Exchequer Philip Hammond said the takeover of the company, whose designs are used in billions of smartphones worldwide, represented the largest ever Asian investment in the UK and that the deal would “turn this great British company into a global phenomenon”. He added, “Just three weeks after the referendum decision, it shows that Britain has lost none of its allure to international...

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Bank of England personal banking service to terminate for employees

18 July 2016

Staff had been able to access Bank of England accounts for personal use, even after retirement. But the Bank has confirmed that the service is coming to an end following a cost-cutting review initiated by its governor, Mark Carney.A Bank spokesperson said:“After a full consultation process, the Bank confirmed to customers in November 2015 that it would close its personal banking service. This followed the Bank’s withdrawal from providing retail banking services to government departments and other corporate customers. Many customers have now moved to other banks and we expect the exercise to complete during 2017.”The Bank’s internal bank said that...

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France lures London bankers with extra expat tax break

15 July 2016

The French government pledged on Wednesday to make its tax regime for expatriates the most favorable in Europe in a landgrab for London banking business displaced by Britain’s decision to quit the European Union. “We want to build the financial capital of the future,” Prime Minister Manuel Valls said at a hastily arranged visit to the annual conference of France’s financial industry lobby Europlace. “In a word, now is the time to come to France.” France’s financial sector has often complained of government ambivalence towards the industry, which is subject to high taxes and sometimes hostile remarks from...

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Brexit Fears Move From U.K. Commercial Property to Housing

15 July 2016

As the consequences of the U.K. vote to leave the European Union continue to unfold, data released on Thursday show that fears are spreading from the commercial property sector to the housing sector. The Royal Institution of Chartered Surveyors’ (RICS) monthly survey showing sentiment in the housing market souring and buyer enquiries down for the third straight month in June. The headline national net balance for buyer enquiries, which indicates new buyer interest, was the lowest since the height of the global financial crisis in mid-2008. Strong growth last year and early this year had pushed prices to...

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Local Pensions Partnership creates £1.2bn UK property pool

14 July 2016

The Local Pensions Partnership (LPP) has combined London Pension Fund Authority (LPFA) and Lancashire County Pensions Fund’s (LCPF) existing core property allocations and added specialist income to create a £1.2bn innovative property investment pool.  Under the arrangement, Knight Frank Investment Management (KFIM) will source, execute and manage investment opportunities in the UK commercial and residential property space for £850m of the allocation.  John Styles, head of fund management, KFIM said: “We are excited at the prospect of partnering with developers and managers to access specialist sectors and value add opportunities for the fund. The new LPP property pool...

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Housing market falters amid Brexit campaign and vote

14 July 2016

The supply of homes on the UK market fell at its sharpest rate to date and buyer demand hit an eight-year low as Brexit was confirmed, surveyors say. House prices are expected to fall across the UK in the next three months, the Royal Institution of Chartered Surveyors (Rics) survey suggested. The dip in prices is only expected to persist over the next year in London and East Anglia, surveyors predicted. This is the first significant housing survey judging the impact of Brexit. Economic performance The Rics survey reflects housing market sentiment among the institution’s...

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How does Brexit affect international assignments

14 July 2016

The process for the UK leaving the EU is yet to be set in motion, but employers should start thinking about the long-term implications for the movement of staff between the UK and other countries, say employment and immigration law experts Peter Finding and Zoe Jacob. The legal consequences of the UK’s withdrawal from the EU, particularly in relation to the sensitive issue of the free movement of workers, will ultimately be driven by political developments. But it is easy to see how Brexit might, in time, have a significant impact on the movement of staff between the...

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England has shortfall of more than a million houses

14 July 2016

The analysis of government figures since 2004 illustrated the need for the nation to revamp its housing supply, according to the report, which pointed out that the target of constructing 270,000 houses a year had never been reached. Andrew McPhillips, chief economist at the building society, said, “The Brexit decision and the uncertainty it creates around the prospects for private sector house builders, not to mention the country’s economic outlook, is likely to heighten the housing crisis.” “Addressing the shortage of homes must remain high on the government’s agenda regardless of the work required following the EU vote....

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Cambridge tops Ôbest places to work in UK list

14 July 2016

Based on an assessment of hiring opportunities, cost of living and overall job satisfaction, the study looked at cities and towns across the UK to draw up a list of the best 20. And London, the nation’s powerhouse economy, did not figure in this year’s list in the face of mounting appeal from northern cities. Andrew Chamberlain, chief economist at Glassdoor, said, “These results are a reminder that although there are more jobs in London and employees are generally pretty satisfied, it is a competitive place to work and an expensive place to live. “Towns and cities such...

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International student numbers have been plummeting for years. Now what

14 July 2016

Higher education is already feeling the effect of the Brexit vote, with UK academics being dropped from joint applications for funding from the European Research Council. The future of students coming to study in the UK from the European Union is similarly uncertain, as free movement comes under threat. But if Britain is to remain a popular study destination for students from around the globe, it is more important now than ever that the government urgently reviews its treatment of international students. We know that international students (from outside the EU) are looking to study...

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Make education a force to unite nations

13 July 2016

Writing in The Telegraph following the Brexit result, John Walmsley, head of United World Colleges (UWC) Atlantic College in South Wales has spoken out about the principles that underpin a modern international education and how students are responding to the UK’s decision to leave the EU. According to a post referendum demographic breakdown of the vote, nearly three quarters (73 per cent) of 18 to 24 year-olds voted to remain. This came as no surprise to Mr Walmsley. “Nowadays, most of our international students cannot imagine the continent without agreements and organisations such as Schengen and Erasmus,” wrote Mr...

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International Baccalaureate Diploma valued highly by universities

13 July 2016

The International Baccalaureate diploma has once again topped the charts as the exam system that best prepares its students for higher education in an annual survey of university admissions officers. The International Baccalaureate diploma (IBDP), according to UK university admissions officers, is the best preparation for university. The University Admissions Officers survey, now in its eleventh year, asked admissions officers to rate three exam systems, A levels, the IBDP and BTEC and rank them against factors such as ‘encouraging independent enquiry,’ and ‘developing ability to cope with pressure.’ Take a look at the results: International Baccalaureate Diploma: Best preparation...

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Mazars to acquire financial modelling consultancy and training provider, Corality Financial Group

13 July 2016

Realises the ambition to be the world leader in financial modelling, model audit and related training services for the infrastructure finance sector. Creates an integrated team of over 120 professionals, servicing clients around the world, from regional hubs in London, New York and Sydney. Mazars, the integrated and independent international organisation specialising in audit, accountancy, tax and consulting services, today announces it is to acquire Corality Financial Group (‘Corality’), a market leader in financial modelling, model audit and training. The deal is due to complete in August. The combination of Mazars’ project finance team and Corality creates a unique...

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India Homebuilders with UK assets face Brexit Risks

13 July 2016

Indian homebuilders with significant investments in the London property market will face near-term challenges from Britain’s vote to leave the EU on June 23, says Fitch Ratings. Demand for luxury residential properties and commercial properties - the segments some Indian homebuilders have invested in - may remain weak at least over the coming six to 12 months as buyers postpone purchases and banks trim loans amid increased economic uncertainty.    Asking prices of London’s luxury residential properties have fallen by 5%-20% over the last few weeks by some market estimates. This is in spite of the...

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Does British education deserve its gold standard reputation abroad

13 July 2016

For sometime now there has been an apparent contradiction about the reputation of our schools from those abroad and those in the UK: on the one hand, we are seen as a world leader in education, admired and emulated by many countries, even those ranked higher in the PISA tables, while at home, we see a system in disarray with constant in-fighting about exams, academies, funding or teacher shortages. We read that A-levels remain a gold standard abroad and that the numbers of international schools, largely based on the UK model, are expected to jump from 8,000 to almost...

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Half of UK primary schools adopt Asian style maths

13 July 2016

Trials were successful for teaching methods used in Shanghai and Singapore. Half of England’s primary schools will adopt Asian methods for teaching maths to try to improve the country’s numeracy. The government has earmarked £41m of funding to help more than 8,000 primary schools implement the changes, training 700 teachers in so-called “maths mastery” and making new textbooks available. The Asian system, which will see maths taught to a whole class and with objects and pictures used to demonstrate abstract concepts, has seen Shanghai, Singapore and Hong Kong top the world tables. In England the share of...

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Volatility in currency markets could boast UK housing market especially in London

11 July 2016

Currency volatility sparked by the decision in the UK to leave the European Union could create a scenario where overseas investors make major profits by continuing to invest and store their wealth in prime property in London, it is suggested.Market conditions are ripe for opportunistic foreign investors, which could create a welcome increase in the level of sales enquiries received by London developers and give a lift to the British property sector, according to a report from Arcadis.Since the result of the EU referendum was announced, sterling has fallen relative to the euro and the US dollar with further falls...

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