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....While London dealers waited for the stock market to open, Chris Beauchamp, the chief market analyst at IG, said: “The shock of the result is not really translated into the market. ” The loss of seats by the Scottish National party reducing pressure for Scottish independence was one potential reason, as was the prospect of a softer Brexit. ... [Read full article on Guardian ]
Friday 9th of June 2017 01:05:46 AM
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Latest Finance News related to Scottish Independence

Pound plunges amid fears over Brexit delays image
Source : Guardian [Read Article] Friday 9th of June 2017 01:05:46 AM
....While London dealers waited for the stock market to open, Chris Beauchamp, the chief market analyst at IG, said: “The shock of the result is not really translated into the market. ” The loss of seats by the Scottish National party reducing pressure for Scottish independence was one potential reason, as was the prospect of a softer Brexit. ...
Brexit vote site may have been hacked, MPs say in report image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:55:39 AM
...."There was no proper planning for a Leave vote so the EU referendum opened up much new controversy and left the prime minister's credibility destroyed," the report says. It said that civil servants should be required to prepare for both possible outcomes in future referendums - such as a second vote on Scottish independence - something they had been prevented from doing in the run-up to the Brexit vote. ...
Lord King: Scotland 'could be independent' image
Source : BBC [Read Article] Monday 20th of March 2017 09:34:16 PM
....On Brexit, he said his "biggest worry" was "obsessed" politicians ignoring the trade deficit and NHS funding. Theresa May has said it is not the time for a Scottish independence referendum. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... But the oil industry’s two-year slump and thousands of job losses mean some residents say the food banks are the now the busiest place in the “energy capital of Europe”. The oil price crash – from more than $100 a barrel when the Scottish independence referendum was held in 2014 to as low as $27 last year – has been tough on the Granite City. ...
Scottish independence: Referendum demand 'will be rejected' image
Source : BBC [Read Article] Thursday 16th of March 2017 06:01:03 PM
. The UK government is to reject calls for a Scottish independence referendum before Brexit after Theresa May said "now is not the time". ...
'No sex, no politics' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:00:47 AM
....From the choice of venue, to what food you pick, whether you order alcohol, and how you share the bill, any number of things can go wrong. Talking politics and religion is almost always a complete no-no, but what if an innocent chat about current affairs quickly turns to President Trump, Brexit or Scottish independence?. ...
Brexit talks: five key challenges facing Theresa May image
Source : Guardian [Read Article] Monday 13th of March 2017 04:36:22 PM
....On the day that Nicola Sturgeon called for a second independence referendum, Fitch said meeting Scotland’s demands for continued access to the single market made the negotiations between the UK and the EU more complicated. The threat of Scottish independence “raises the stakes in how the UK government deals with any Scottish requests, and will require policymakers’ careful attention when government resources will already be stretched”. ...
FTSE 100 shrugs off fall in insurance shares image
Source : BBC [Read Article] Monday 27th of February 2017 09:27:14 AM
....25% higher after the housebuilder reported a 23% rise in annual profits and gave an upbeat description of recent trading. On the foreign exchanges, the pound edged lower against most other currencies, with analysts putting the fall down to speculation about another referendum on Scottish independence. ...
Sturgeon offers to shelve independence vote in return for soft Brexit image
Source : Guardian [Read Article] Friday 6th of January 2017 01:53:38 PM
. Nicola Sturgeon has said she would take a quick Scottish independence referendum off the table if the UK wins a favourable, soft Brexit deal with the EU. ...
Sturgeon: UK could stay in single market image
Source : BBC [Read Article] Tuesday 20th of December 2016 11:38:21 AM
....There is, of course, a fourth element implicit in the syllogism. That of indyref2, the prospect of a further referendum on Scottish independence. ...
A challenge to Facebook’s reach and power is long overdue  | John Harris image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:44:36 PM
.... As I have seen first hand, far away from Trumpland, exchanges about immigration in troubled Lincolnshire market towns can feel as if they are defined by the wound-up, often scurrilous stuff people read online and then share. Equally, everywhere from big cities to out-of-the-way villages, it is sometimes difficult to have a conversation about such huge subjects as Brexit and Scottish independence without them being sidelined into fantasy and paranoia by the alternate realities accessible via phones and PCs. ...
Potential conflicts image
Source : BBC [Read Article] Thursday 1st of December 2016 12:50:18 AM
Call for Scots unity over single market membership image
Source : BBC [Read Article] Sunday 13th of November 2016 12:06:21 AM
....The Scottish Greens called for the single market to be reformed in the build-up to the EU referendum, but were committed backers of the Remain campaign. Since, the party's Europe spokesman Ross Greer has called for "every avenue" to be explored "to keep Scotland in Europe", including the possibility of Scottish independence. ...
Nicola Sturgeon: Scotland may seek separate EU trade deal image
Source : BBC [Read Article] Sunday 16th of October 2016 09:28:20 AM
....". Mr Mundell declined to say whether he thought the UK government would block a request to hold a second Scottish independence referendum in future. ...

Scottish Labour is lost in the wilderness
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Source : Telegraph [Read Article] Friday 12th of August 2016 12:58:43 PM
. Six months or so before the 2015 general election, in the immediate aftermath of the Scottish independence referendum, the parliamentary Labour Party (PLP) was addressed by our leader, Ed Miliband. ...

RBS warns Scottish independence would make Brexit upheaval worse
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Source : Telegraph [Read Article] Saturday 6th of August 2016 06:31:01 AM
. Nicola Sturgeon’s attempts to portray Scottish independence as a stable alternative to a post-Brexit UK have suffered a damaging blow after the Royal Bank of Scotland warned it would only make the situation significantly worse. ...

MPs reveal their summer books: Jeremy Corbyn reads study of Chernobyl, while Brexit minister picks The Beano
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.... David Davis, in his new role of Brexit secretary, claims his summer will be taken up with reading thousands of pages of international trade law and European treaties, with only enough time to leaf through The Beano occasionally. But with the threat of a second Scottish independence referendum looming, this might be the most canny political reading choice of all. ...
Out in the cold image
Source : BBC [Read Article] Tuesday 2nd of August 2016 11:08:05 PM
....The arrangement means that Denmark is a member of the EU but Greenland is not. If another referendum on Scottish independence is called in the next few years, perhaps Theresa May will ask an Eskimologist for advice. ...
Remain campaign donor Ian Taylor requests exclusion from honours image
....The oil firm boss is a Conservative party donor and also made donations to the EU Remain campaign. He also gave £500,000 to the Better Together campaign ahead of the Scottish independence referendum. ...

SNP MSP John Mason still boycotting travel agency over 2014 Scottish independence opposition 
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....John Mason, the deputy convener of the Scottish Parliament's economy committee, said that he had refused to buy his euros for his summer holiday in the Republic of Ireland from Barrhead Travel because it had supported the Unionist Better Together campaign. He later said that he had not used the company since the firm’s outspoken opposition to Scottish independence emerged during the marathon referendum campaign. ...

No boost in support for Scottish independence despite Brexit, new poll finds
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. Britain’s decision to leave the EU has not triggered a boost in support for Scottish independence, according to a new YouGov poll that undermines the SNP’s push for a second referendum. ...

While Nicola Sturgeon fiddles, Scotland burns. Or at least smoulders
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Source : Telegraph [Read Article] Thursday 21st of July 2016 12:29:04 PM
.... To the SNP, it’s about finding another excuse to raise the constitution. The perception, based at least in part on reality, is that during the interminable three-year-long campaign leading up to the 2014 Scottish independence referendum, ministers took their eye off the ball somewhat, sidelining vital public service delivery in order to focus on the Prize Above All Others. ...
'Golden chance' to rethink Scots economy image
Source : BBC [Read Article] Saturday 9th of July 2016 03:46:05 PM
. Supporters of Scottish independence now have a "golden opportunity" to re-cast their economic case in the wake of the Brexit vote, according to one of the most senior critics of the 2014 plans. ...
British Olympic Association predicts record 2015 profits image
Source : BBC [Read Article] Friday 1st of July 2016 09:00:38 PM
....". But despite the prospect of another referendum on Scottish independence back on the agenda, Mr Sweeney said the BOA isn't yet considering the consequences. ...
Ratings agencies downgrade UK credit rating after Brexit vote image
....S&P also warned that it expected the UK economic growth to be hit by the outcome of the vote. It said that there was a risk of "a constitutional crisis" if the referendum's outcome leads to a second referendum on Scottish independence from the UK. ...
EU referendum: UK's EU commissioner Lord Hill to resign image
Source : BBC [Read Article] Saturday 25th of June 2016 12:02:33 PM
....In another development, Scotland's First Minister Nicola Sturgeon said she would be seeking "immediate discussions" with Brussels to "protect Scotland's place in the EU" following the so-called Brexit vote. Ms Sturgeon has said a new Scottish independence referendum is "highly likely". ...
Brexit: UK tech sector reacts to Leave vote image
Source : BBC [Read Article] Friday 24th of June 2016 03:48:49 PM
...."We expect a significant decrease in new incorporations in London in favour of Berlin, as well as an influx of successful London start-ups," said chief executive Christoph Gerlinger. And Mr Priestley thinks that in the event of a Scottish independence referendum that leads to reunification with the EU, it's possible some start-ups could move north of the border, perhaps to rekindle "Silicon Glen" - a 1980s attempt to compete in the semiconductor industry. ...
Brexit could shift Europe's political centre of gravity, says Fitch image
.... However, in the unfavourable leave scenario, protracted negotiation resulting in unfavourable trade terms for the UK would be more negative, it said. A combination of a leave vote with subsequent Scottish independence would bring the UK’s ratings under further pressure. ...
Sir Martin Sorrell’s WPP upbeat despite Brexit concerns image
Source : Guardian [Read Article] Thursday 28th of April 2016 06:47:29 AM
....WPP, which again raised concerns about the business impact of the UK’s EU referendum in June, nevertheless said that it expected a stronger second half performance this year. “In the immediate future, we face the Brexit vote in the United Kingdom in June, where it is generally agreed by both sides that an ‘out’ vote will result, at least in the short term or mid term, in GDP weakness in the UK, the EU and possibly globally, let alone further political and economic uncertainty in the UK around Scottish independence and further disintegration of the EU,” said Sorrell. ...
Gordon Brown calls for a more positive case to be made for staying in EU image
Source : Guardian [Read Article] Thursday 21st of April 2016 06:07:01 PM
....Brown said Britain should be leading in Europem not leaving it, and added that his intervention at a Centre for European Reform event in London on Thursday evening would be the first of a series over the coming weeks. He played a key role in increasing support for a no vote in the Scottish independence referendum in 2014. ...
David Cameron gambles on the status quo in EU referendum image
Source : Guardian [Read Article] Sunday 10th of April 2016 11:50:15 AM
.... One option is to deny that there will be any economic fallout and that life will go on merrily as before. This was the approach Alex Salmond tried in the Scottish independence referendum. ...
Brexit? Voters can be yours for £25 each image
Source : Guardian [Read Article] Tuesday 29th of March 2016 06:30:09 AM
. One of the most revealing bits of polling during the Scottish independence referendum was what became known as the “£500 question”. ...
EU referendum: 1975 and 2016, a tale of two campaigns image
Source : BBC [Read Article] Thursday 24th of March 2016 12:45:42 AM
....The British Chambers of Commerce with its broader membership, including SMEs, is taking a similarly impartial line, to the point where its director general, John Longworth resigned after being suspended for saying the UK's long-term prospects could be "brighter" outside the EU. Business has learned lessons, not just from 1975 but also from the Scottish independence referendum in 2014, when many business people came away bruised by their reception at the hands of independence campaigners. ...
Bank pledge adds to fears that EU referendum will cause market turmoil image
....“The referendum on the UK’s membership of the EU during this parliament increases economic and operational uncertainty. The result may also give rise to further political uncertainty regarding Scottish independence,” it said. ...
Brexit concerns rattle British stock markets – while US investors just shrug image
....Maybe that massive plunge in the value of the pound was simply a hallucination? Or don’t Americans care – yet?. “The results of the referendum over Scottish independence taught us that four months can be an eon when it comes to anything political, especially when it comes to looking at polling data this far away from the event,” said Sameer Samana, global quantitative strategist at Wells Fargo Investment Institute in St Louis, Missouri. ...
EU referendum: Bank of England is making 'contingency plans', says Governor Mark Carney image
.... . Hedging from investors against future falls in sterling around the referendum date on June 23 had spiked to levels last seen around the Scottish independence referendum, he said. ...
British Airways wins battle of the brands for third year running image
Source : Guardian [Read Article] Monday 22nd of February 2016 12:01:43 AM
.... The only other airline in the senior rankings was Virgin Atlantic which came in at 17th. The BBC is believed to have suffered from rows over the state broadcaster’s funding, perceived attacks on it by government and negative perceptions of the way it covered the Scottish independence debate. ...
Standard Life is walking a Brexit tightrope image
Source : Telegraph [Read Article] Friday 19th of February 2016 07:00:43 PM
.... Standard Life House. The slightly more calm approach perhaps reflects the fact that in the context of the European debate, Standard Life is less of a significant player than it was during the Scottish independence referendum. ...
Our economic debate on Brexit has descended into insultingly superficial scaremongering image
.... . The Treasury promises a series of reports in the run-up to the referendum, similar in style and intent to the ones published ahead of the Scottish independence vote; no prizes for guessing what they will be saying. ...
Don't believe the hedge funds when it comes to business views on Brexit image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 06:11:52 PM
.... David Cameron's EU demands . Political discourse will naturally be at the centre of the debate, but, as in in the Scottish independence referendum debate before it, the voice of business will play an important role. ...
How business votes: from indyref to Brexit image
Source : BBC [Read Article] Wednesday 17th of February 2016 11:56:56 AM
.... Their votes may not count, but their voices do, and they are sought out. A new study of the Scottish independence referendum campaign observes that it's the bit companies don't say that can cause them problems. ...
Aberdeen to get £500m investment to counter impact of oil price slump image
Source : Guardian [Read Article] Thursday 28th of January 2016 03:05:25 PM
....Anxious to shore up her government’s role, Sturgeon last week called on the Treasury to increase its tax breaks and incentives for the North Sea industry – cuts that have already seen tax receipts slump to the lowest levels in the sector’s history. But the collapse in oil prices, job losses and loss of tax revenues has exposed how vulnerable the Scottish economy has become to oil prices, weakening the economic case for Scottish independence. ...
Scots shouldn’t be fooled by the oil-price naysayers | Kevin McKenna image
Source : Guardian [Read Article] Saturday 16th of January 2016 05:30:01 PM
.... Many Scottish Labour figures, all of whom ought to have known better, were in the latter camp and that is why their party won’t have enough MSPs to run a coconut shy after the Holyrood elections. Of course, there is some capital to be gained in the theatre of party politics owing to some ill-judged oil revenue predictions in the SNP’s white paper on Scottish independence. ...
BP to axe 1 in 5 North Sea jobs as oil giant cuts 4,000 staff worldwide image
Source : Guardian [Read Article] Tuesday 12th of January 2016 06:01:57 PM
....Morgan Stanley, one of Wall Street’s leading investment banks, predicts oil prices could tumble to $20 a barrel in coming months, while economists at Royal Bank of Scotland warned on Tuesday that oil could slump to $16 a barrel. Sturgeon admitted that oil prices – now at a third of the $100 a barrel price forecast by her government in the Scottish independence referendum – could yet fall further. ...
Lotto jackpot rolls on towards £60m image
Source : BBC [Read Article] Wednesday 6th of January 2016 01:02:43 PM
....6m. The couple gave large donations to several causes, including £1m to the Scottish National Party's campaign for Scottish independence. ...
Treasury permanent secretary Sir Nicholas Macpherson to step down image
Source : Guardian [Read Article] Monday 4th of January 2016 01:24:02 PM
....Macpherson, 56, who joined the Treasury in 1985, has held various roles including principal private secretary to Kenneth Clarke, the former Tory chancellor, and then to Labour’s long-running chancellor, Gordon Brown during the banking crisis. He came to prominence last year during the Scottish independence referendum when he advised the chancellor, George Osborne, against entering into a currency union with Edinburgh. ...
Top Treasury civil servant Sir Nick Macpherson to step down in April image
Source : Telegraph [Read Article] Monday 4th of January 2016 12:54:18 PM
.... . In the run up to a referendum on Scottish independence, a letter from Sir Nicholas was released, in which he advised “strongly against” the construction of a currency union between an independent Scotland and the remnants of the United Kingdom, in the event of a vote to split. ...
Brexit could hurt UK’s credit score, says ratings agency image
Source : Guardian [Read Article] Monday 14th of December 2015 05:58:29 PM
.... This would be likely to have at least a short-term economic cost,” Fitch said. “Second, if the UK as a whole were to vote ‘leave’ but voters in Scotland opted for ‘remain’, a second referendum on Scottish independence would become likely … the risk of this second Scottish poll delivering a ‘yes’ to independence would be high. ...
EXCLUSIVE: Inside the commodity trader Vitol that pulls the levers of the global economy image
.... It has enabled him to further his political allegiances. Although a proud Mancunian (he is an avid Manchester City fan and speaks with a noticeable North West twang) Taylor has Scottish parents and a house in Scotland, and last year was one of the biggest backers of the No campaign against Scottish independence. ...
Forestry sales notch up Scottish record image
Source : Guardian [Read Article] Sunday 6th of December 2015 02:07:50 PM
....A report by the chartered surveyors and forestry agents John Clegg & Co said the current level of activity was 13 times the size of the market at the beginning of the millennium. There has been a smooth rise in the market since 2010 with a dip in 2014 caused by the uncertainty from the referendum on Scottish independence. ...
UK oil industry 'to face wave of company failures' image
Source : Telegraph [Read Article] Thursday 26th of November 2015 04:44:16 PM
.... . David Cameron visited an oil platfrom off Aberdeen ahead of last year's Scottish independence vote  Photo: AFP. ...
Source : Reuters [Read Article] Tuesday 24th of November 2015 07:13:16 AM
....NO "ARMAGEDDON" . Several asset managers said sterling would be particularly vulnerable in the lead-up to the ballot - even more than it was ahead of last year's vote on Scottish independence. ...
RBS fears UK recovery will be wrecked by Brexit vote uncertainty image
Source : Telegraph [Read Article] Monday 23rd of November 2015 01:05:40 PM
.... . Firms are losing the confidence to invest and to hire staff, according to senior UK economist Ross Walker, who also warned that a Brexit could lead to the break up of the UK following another vote on Scottish independence. ...
Bank of England Governor Mark Carney to intervene in Brexit debate image
Source : Telegraph [Read Article] Monday 19th of October 2015 05:32:11 PM
.... . Mr Carney spoke on currency unions just three weeks before the referendum in September 2014, saying that a 'currency union' was incompatible with Scottish independence. ...
'Patriotic' call to remain in the EU image
Source : BBC [Read Article] Monday 12th of October 2015 04:42:30 AM
....BBC political correspondent Chris Mason said this theme was a tacit acknowledgement that the rival campaign had "seized the patriotic label". Britain Stronger in Europe are keen to avoid parallels with the Scottish independence referendum, when the No campaign was branded "project fear" by opponents. ...
Ex-M&S boss to lead pro-EU campaign image
Source : BBC [Read Article] Friday 9th of October 2015 09:39:33 PM
...."The choice in the coming referendum is between remaining stronger, safer and better off inside Europe, or taking a leap into the unknown, risking our prosperity, threatening our safety, and diminishing our influence in the world," he said. BBC political correspondent Robin Brant said the language used by Lord Rose was reminiscent of the successful Better Together campaign during last year's referendum on Scottish independence. ...
Brexit risk will force Bank of England to keep interest rates low for longer, warns UBS image
.... . If the UK does decide to leave the EU, UBS warned that the question of Scottish independence may resurface, as the SNP’s politicians could use the moment to argue that there has been a large enough constitutional change to hold another vote of their own. ...
UK businesses should highlight upsides of staying in the EU, says pressure group image
....”. Business for New Europe, which is gearing up for a campaign launch next month aimed at persuading a sceptical public of the benefits of remaining in the EU, was mindful of the late entry of business into the Scottish independence campaign and feels an engagement at an earlier stage would have been more helpful. ...
Oil price crash claims 1,000 jobs in North Sea  image
Source : Telegraph [Read Article] Sunday 16th of August 2015 06:40:27 PM
.... . Earlier this year Sir Ian Wood, founder of Wood Group, warned that up to 40,000 North Sea jobs could be lost without urgent action to support the industry, which was a key battleground in the referendum on Scottish independence. ...
North Sea oil production rises despite price fall image
Source : Telegraph [Read Article] Monday 3rd of August 2015 02:53:44 PM
.... . The longevity of oil supplies in the North Sea was a key battleground of the Scottish independence referendum last year, with former Scottish National Party leader Alex Salmond claiming that the region could produce enough crude to sustain an independent Scotland. ...
Two out of three big firms think UK exit from EU could harm them, survey finds image
....A majority of companies believe a British exit from the EU could harm them but only 7% would be willing to speak out publicly against “Brexit”, according to a survey of FTSE-350 firms. The latest barometer of boardroom sentiment by the Institute of Chartered Secretaries and Administrators (ICSA) draws parallels with last year’s referendum on Scottish independence, when many businesses waited until close to the vote to voice their views. ...
Why retail workers’ staff discounts and benefits are now under threat image
Source : Telegraph [Read Article] Thursday 9th of July 2015 08:44:01 PM
.... Retail and politics don’t mix. When the boss of a retailer tries to pass comment on the key issues of the moment – such as Asda’s Andy Clarke on Scottish independence or Boots boss Stefano Pessina on Labour – it usually ends in recriminations and boycotts. ...
Source : Independent [Read Article] Wednesday 8th of July 2015 12:01:42 AM
. If politicians learnt anything from the Scottish independence referendum last year, it’s that they need to get out of the way. ...
Michelle Mone: how I lost 54kg and gained an OBE image
Source : Guardian [Read Article] Wednesday 1st of July 2015 06:00:06 AM
....Probably all the inventions I’ve created [such as the Ultimo bra and UTan]. I helped the prime minister with the [Scottish independence] referendum and in keeping the union together. ...
Does the Greek referendum ballot paper make sense to you? image
Source : Telegraph [Read Article] Monday 29th of June 2015 04:34:41 PM
.... . By way of comparison, the question in the Scottish independence referendum in September was: "Should Scotland be an independent country?" . ...
Scottish funding changes could leave Queen short of £2m image
Source : Guardian [Read Article] Tuesday 23rd of June 2015 11:17:47 PM
....Under Alex Salmond, the SNP last year pledged that Scotland would retain the Queen as head of state, if the country had voted for independence from the rest of the UK last September. But the monarch faced criticism in Scotland after she was asked to make a rare public intervention in the final days of the Scottish independence referendum, speaking publicly to a well-wisher outside church near Balmoral saying: “I hope people will think very carefully about the future. ...
Brexit referendum will trigger another Scotland independence vote, warns JP Morgan image
.... . "The prospect of another referendum on Scottish independence would add to the uncertainties facing the UK after a vote to leave the EU. ...
Who has the courage to speak out on Europe? image
Source : Telegraph [Read Article] Saturday 30th of May 2015 03:00:28 PM
.... . So, whether it’s taking a stance on Scottish independence, speaking against the policies of a particular party, or a vote on Europe, business needs to be brave and play a much bigger role in shaping the debate. ...
George Osborne considering Treasury study into the EU image
Source : Telegraph [Read Article] Sunday 24th of May 2015 09:57:07 PM
.... . Mr Osborne, the Chancellor, instructed the Treasury to undertake similar studies ahead of last September’s vote on Scottish independence that were considered influential in persuading Scots to stay in the Union and were central to the Chancellor’s argument against secession. ...
Homes for sale after Tory election win, says Nationwide image
Source : Daily Express [Read Article] Sunday 24th of May 2015 08:39:00 AM
....However since the Tories’ win, the market has bounced back to life. Nationwide group retail director Chris Rhodes said: “The mortgage market was choppy because of the threat of the mansion tax and Scottish independence last year, but as of today we have seen an improvement since the election. ...
Email error reveals bank's EU project image
Source : BBC [Read Article] Saturday 23rd of May 2015 12:46:17 AM
....BBC business correspondent Joe Lynam said the Bank of England would have kept the project secret to avoid becoming a political "actor" in the referendum. The bank had appeared to be "slightly dragged into" the debate ahead of the referendum on Scottish independence, he said. ...
Nationwide bullish about housing market for year ahead image
Source : Guardian [Read Article] Friday 22nd of May 2015 09:09:52 AM
....5 times an applicant’s income accounted for 4% of new loans in the second half of the year, comfortably inside the 15% limit introduced by the Bank of England in October. In an interview with Reuters, Beale said a number of factors, including the Labour party’s threat to introduce a tax on higher value properties, and the Scottish independence vote had led to a “choppy market” in 2014. ...
Source : Reuters [Read Article] Friday 22nd of May 2015 07:26:32 AM
...."The uncertainty of the general election and some of the political direction, particularly from the Labour party -- the notion of the mansion tax -- it was clearly influencing and dampening sentiment ahead of the election," Beale told Reuters. Beale said he expected the market to be stronger this year than in 2014, when a number of factors had a negative impact including measures to cool the buoyant London market and uncertainty over the outcome of the Scottish independence vote. ...

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