Finance Archives - Page 31 of 43 - NewStart

The great house price divide

The Smith Institute’s report on the Great House Price Divide, which we published today, shows how house prices in England and Wales have changed in 179 areas over the past six years. While in inner London prices have risen by more than 30%, in most other parts of the country prices have fallen sharply – by 15% in the Midlands and by over 20% in the North. In Hartlepool prices are 48% below what they were in 2007; in Liverpool 33% down; in Lancashire 25% down; in Sheffield 18% down; in Birmingham 14% down; in Derby 18% down; and in Greater Manchester 17% down.

Local authority banks – the door is open!

There is a now a very clear message that the UK is open for new banks and that local authorities have options they could only dream of in the past! The question now is how many of them are aware of the new opportunities to do much more than just find a safe haven for reserves. Those same reserves could be leveraged to fuel local economies and drive much needed revenue to provision local authority services.

The Incredible Edible experiment

What started with slightly anarchic plantings in public places is actually a model that can begin to reconnect communities and local economies. People are thinking differently about the town as a whole too, with an edible Green Route that connects the health centre, theatre, market, station and canal towpath, bringing a sense of unity to the town and creating important habitats for pollinating insects.

Better banking moves a small step closer

News this week that the seven largest banks and building societies have agreed to publish information about their lending is very welcome. The voluntary arrangement will see banks publishing quarterly figures on loans and overdrafts to small and medium-sized businesses (SMEs), mortgage lending and unsecured personal loans by postcode. This is a hugely important first step towards reforming our financial services into a more responsible and properly functioning sector.

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