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There’s a lack of homes for sale at the moment after the recent surge in buying activity, according to Rightmove. The first half of 2021 saw 140,000 more sales agreed than average, and 85,000 fewer new homes listed, creating a shortfall of 225,000. The demand is pushing prices up - average asking price hit £338,447 in July, a new record high for the fourth month in a row.
Boris Johnson announced yesterday that from the end of September, you’ll need to have both coronavirus jabs to go into nightclubs and other crowded places. The u-turn came just a week after the government said neither jabs nor testing would be needed to go clubbing - and just 17 hours after clubs reopened for the first time since March 2020.
EasyJet is ramping up its capacity to 60% of its pre-pandemic business, offering more European routes to countries with looser restrictions. It’s a huge jump up from the 17% they’re running at the moment - but the airline says it’s confident people are keen to travel.
The lasting power of attorney (LPA) system is set for a revamp, letting people go online to nominate someone to take financial and health decisions on their behalf. 5 million people already have LPAs, but the current paper system is slow and tricky to use.
At 12:30pm UK time, Jeff Bezos will blast off into space alongside his brother and 2 other passengers who’ll be the youngest and oldest people in space. The Amazon founder will be the richest man off the planet for 11 minutes before descending back to Earth.
","url":"https://multiply.ghost.io/property-in-short-supply/","uuid":"64d35e34-efd0-49be-adb2-22994e1f028c","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60f68ffe6e4273003be1dfbe"}},{"node":{"id":"Ghost__Post__60f5356b6e4273003be1dfae","title":"Freedom day","slug":"freedom-day","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/488.png","excerpt":"Plus: Oil countries boost supply and UK firms trial 4-day work week.","custom_excerpt":"Plus: Oil countries boost supply and UK firms trial 4-day work week.","created_at_pretty":"19 July, 2021","published_at_pretty":"19 July, 2021","updated_at_pretty":"19 July, 2021","created_at":"2021-07-19T08:18:51.000+00:00","published_at":"2021-07-19T08:28:00.000+00:00","updated_at":"2021-07-19T08:28:00.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Restrictions lift\nToday marks the end of most coronavirus restrictions\n[https://www.bbc.co.uk/news/uk-57882029] in England. Nightclubs are open,\nworkers can return to offices, and any number of people can meet. There’s no\nlonger any law on wearing a mask inside or on public transport. But Boris\nJohnson has urged caution as case numbers continue to rise - he’s currently\nself-isolating after being in contact with the health secretary, who tested\npositive on Saturday.\n\nOil supply boost\nOil producing countries have agreed a deal to increase their output\n[https://www.bbc.co.uk/news/business-57882449] from next month, which should\nhelp to bring petrol prices down. The OPEC cartel and partners such as Russia\ncontrol over 50% of the world’s oil. They slashed production last year, which\nhas sent oil prices skyrocketing as economies reopen and demand returns. Now,\nthey’ve agreed to phase out those cuts.\n\n4-day week?\nUK businesses have become the latest to trial a 4-day working week\n[https://www.telegraph.co.uk/money/consumer-affairs/work-four-days-week-get-paid-five/]\n* while keeping full pay. They’re aiming to maintain their productivity, while\nboosting employee morale and reducing sick leave. Is it working? Seems to be,\naccording to research by the Henley Business School. Businesses with a 4-day\nweek save £92 billion a year thanks to staff sticking around and taking fewer\nsick days.","html":"Today marks the end of most coronavirus restrictions in England. Nightclubs are open, workers can return to offices, and any number of people can meet. There’s no longer any law on wearing a mask inside or on public transport. But Boris Johnson has urged caution as case numbers continue to rise - he’s currently self-isolating after being in contact with the health secretary, who tested positive on Saturday.
Oil producing countries have agreed a deal to increase their output from next month, which should help to bring petrol prices down. The OPEC cartel and partners such as Russia control over 50% of the world’s oil. They slashed production last year, which has sent oil prices skyrocketing as economies reopen and demand returns. Now, they’ve agreed to phase out those cuts.
UK businesses have become the latest to trial a 4-day working week* while keeping full pay. They’re aiming to maintain their productivity, while boosting employee morale and reducing sick leave. Is it working? Seems to be, according to research by the Henley Business School. Businesses with a 4-day week save £92 billion a year thanks to staff sticking around and taking fewer sick days.
","url":"https://multiply.ghost.io/freedom-day/","uuid":"d88e295c-4527-49b2-86f8-29bd334ef63c","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60f5356b6e4273003be1dfae"}},{"node":{"id":"Ghost__Post__60f13b226e4273003be1df9f","title":"Sausage shortages?","slug":"sausage-shortages","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/487.png","excerpt":"Plus: indie shops face closure, Bank of England addicted to printing money? And more help for hospitality.","custom_excerpt":"Plus: indie shops face closure, Bank of England addicted to printing money? And more help for hospitality.","created_at_pretty":"16 July, 2021","published_at_pretty":"16 July, 2021","updated_at_pretty":"16 July, 2021","created_at":"2021-07-16T07:54:10.000+00:00","published_at":"2021-07-16T07:58:22.000+00:00","updated_at":"2021-07-16T08:04:57.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Meaty delays\nMeat production lines might be forced to shut down\n[https://www.bbc.co.uk/news/business-57856566] because they don’t have enough\nstaff, after 1 in 10 of their workforce have been pinged to self-isolate by the\nNHS Covid app. Customers could start to see shortages of meat products according\nto the British Meat Processors Association (BMPA).\n\nDebt mountain\nSmall shopkeepers are struggling under a growing pile of debt\n[https://www.bbc.co.uk/news/business-57855682], with indie businesses now owing\n4 times as much as they did a year ago. Bill Grimsey, ex-boss of Wickes, and\nIceland, warns we could see a “tsunami” of closures unless the government steps\nin. He’s calling for a forgiveness scheme for viable businesses, to write off\nthe state-backed loans they took out during the pandemic.\n\nAddicted to printing money?\nThe Bank of England risks becoming addicted to quantitative easing\n[https://www.theguardian.com/business/2021/jul/16/bank-of-england-creating-money-lords-quantitative-easing] \n(QE), under which it creates new money to buy up government bonds. That’s\naccording to the House of Lords, who want to see the Bank’s plans to wind down\nits pandemic bond-buying programme. They reckon there’s a risk it could lead to\nhigher inflation and widen the wealth gap by boosting asset prices.\n\nHelp for hospitality\nPubs and restaurants are set to get extra help to recruit staff\n[https://www.cityam.com/government-unveils-new-hospitality-strategy-to-boost-sector-post-covid/] \nfrom the government as part of a post-pandemic boost. The plans come amid\nconcerns about staff shortages, as many immigrant workers left the UK during\nlockdown. They’ll try to get young jobseekers into hospitality jobs as a\nlong-term career option.","html":"Meat production lines might be forced to shut down because they don’t have enough staff, after 1 in 10 of their workforce have been pinged to self-isolate by the NHS Covid app. Customers could start to see shortages of meat products according to the British Meat Processors Association (BMPA).
Small shopkeepers are struggling under a growing pile of debt, with indie businesses now owing 4 times as much as they did a year ago. Bill Grimsey, ex-boss of Wickes, and Iceland, warns we could see a “tsunami” of closures unless the government steps in. He’s calling for a forgiveness scheme for viable businesses, to write off the state-backed loans they took out during the pandemic.
The Bank of England risks becoming addicted to quantitative easing (QE), under which it creates new money to buy up government bonds. That’s according to the House of Lords, who want to see the Bank’s plans to wind down its pandemic bond-buying programme. They reckon there’s a risk it could lead to higher inflation and widen the wealth gap by boosting asset prices.
Pubs and restaurants are set to get extra help to recruit staff from the government as part of a post-pandemic boost. The plans come amid concerns about staff shortages, as many immigrant workers left the UK during lockdown. They’ll try to get young jobseekers into hospitality jobs as a long-term career option.
","url":"https://multiply.ghost.io/sausage-shortages/","uuid":"01010b2b-8244-43d4-abab-9a53f8cf093b","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60f13b226e4273003be1df9f"}},{"node":{"id":"Ghost__Post__60eff59b6e4273003be1df8e","title":"Freelancers rejected for mortgages","slug":"freelancers-rejected-for-mortgages","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/486.png","excerpt":"Plus: more people are back in work and the hiring boom continues.","custom_excerpt":"Plus: more people are back in work and the hiring boom continues.","created_at_pretty":"15 July, 2021","published_at_pretty":"15 July, 2021","updated_at_pretty":"15 July, 2021","created_at":"2021-07-15T08:45:15.000+00:00","published_at":"2021-07-15T08:47:24.000+00:00","updated_at":"2021-07-15T08:47:24.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Mortgage struggle\nSelf-employed people who received government grants during the pandemic are \nstruggling to get approved for a mortgage\n[https://www.bbc.co.uk/news/business-57843756]. Brokers reckon people who work\nin sectors like travel, entertainment, and hospitality are the worst affected.\nMany lenders are also demanding higher deposits; Metro Bank, for example, says\ncustomers who have taken a grant will need a 20% deposit.\n\nHiring boom\nThe number of workers on payroll went up by 356,000\n[https://www.cityam.com/uk-unemployment-rate-falls-as-lockdown-easing-drives-up-hiring/] \nin June to 28.9 million - the highest it’s been since last April. At the same\ntime, the number of people on furlough has halved as businesses reopen after\nlockdown.\n\nVacancies soar\nThe hiring spree isn’t over yet - there were 862,000 job vacancies posted\n[https://www.bbc.co.uk/news/business-57846381] between April and June, which is\nback above pre-pandemic levels. All but one industry saw an increase in job ads\nin the second quarter.","html":"Self-employed people who received government grants during the pandemic are struggling to get approved for a mortgage. Brokers reckon people who work in sectors like travel, entertainment, and hospitality are the worst affected. Many lenders are also demanding higher deposits; Metro Bank, for example, says customers who have taken a grant will need a 20% deposit.
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The number of workers on payroll went up by 356,000 in June to 28.9 million - the highest it’s been since last April. At the same time, the number of people on furlough has halved as businesses reopen after lockdown.
The hiring spree isn’t over yet - there were 862,000 job vacancies posted between April and June, which is back above pre-pandemic levels. All but one industry saw an increase in job ads in the second quarter.
","url":"https://multiply.ghost.io/freelancers-rejected-for-mortgages/","uuid":"d4e6454d-f37a-4001-b15e-503e17debce4","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60eff59b6e4273003be1df8e"}},{"node":{"id":"Ghost__Post__60ee9ed36e4273003be1df7e","title":"Price rises speed up","slug":"price-rises-speed-up","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/485.png","excerpt":"Plus: MPs back foreign aid cut and back to work rules delayed.","custom_excerpt":"Plus: MPs back foreign aid cut and back to work rules delayed.","created_at_pretty":"14 July, 2021","published_at_pretty":"14 July, 2021","updated_at_pretty":"14 July, 2021","created_at":"2021-07-14T08:22:42.000+00:00","published_at":"2021-07-14T08:25:52.000+00:00","updated_at":"2021-07-14T08:25:52.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Inflation accelerates: Annual inflation hit 2.5% in June\n[https://www.bbc.co.uk/news/business-57826826] as the economy continues to open\nup. That’s the highest it’s been for 3 years, and the second month in a row\nabove the Bank of England’s target of 2%. The price rises were driven by\nincreasing fuel and food costs. The Office for National Statistics says\nclothing, footwear, and second hand cars are also going up in price, at a time\nof year when they’d normally be cheaper.\n\nForeign aid cut\nParliament has backed a temporary cut to foreign aid\n[https://www.reuters.com/world/uk/uk-parliament-backs-foreign-aid-cut-after-pm-johnson-sees-off-rebellion-2021-07-13/] \nto help pay for the cost of the pandemic. MPs voted to reduce the UK’s aid\ncommitment from 0.7% of GDP to 0.5%. Boris Johnson won over many MPs who weren’t\nsure about the cut, by promising to reverse the cut once public debt is falling\nand the country is no longer borrowing to fund day-to-day needs. \n\nBack to work rules\nBosses are still waiting for guidance\n[https://www.cityam.com/bosses-blast-mixed-messages-as-back-to-work-rules-delayed/] \nfrom the government about how to manage a safe return to office working. It was\nmeant to be published yesterday - but publication was delayed. Top businesses\nhave called out the “mixed messaging” from the government, warning that the lack\nof clear guidance could dent confidence and delay economic recovery.\n\nBinance stops withdrawals\nCryptocurrency trading platform Binance has suspended withdrawals of British\npounds\n[https://finance.yahoo.com/news/binance-suspends-pound-sterling-gbp-eur-withdrawals-fca-regulation-120318408.html?fr=sychp_catchall&guce_referrer=aHR0cHM6Ly93d3cucmVkZGl0LmNvbS8&guce_referrer_sig=AQAAAKt1hauW8ZY1Z9odOmSCzgZ_5vJl0EW5ECulWUrjIFgIIzgVxi5R2JkNyW5hHBLI-Nqy3jmJbtnF5d8WvVJmSh8ZpNhIYY7rAK9f0rw9AmTJ8Smm87KEAv37n0B5fFvwSz8jRxT4hpp-PSLRbKyw2pOVhhktzXjbJjyDWeezlvfY&guccounter=2] \nand euros after an issue with its payments provider. Last month, the Financial\nConduct Authority (FCA) ruled that Binance isn’t allowed to conduct any\nregulated activity in the UK, although users here can still buy and trade\ncryptocurrencies on its platform.","html":"Inflation accelerates: Annual inflation hit 2.5% in June as the economy continues to open up. That’s the highest it’s been for 3 years, and the second month in a row above the Bank of England’s target of 2%. The price rises were driven by increasing fuel and food costs. The Office for National Statistics says clothing, footwear, and second hand cars are also going up in price, at a time of year when they’d normally be cheaper.
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Parliament has backed a temporary cut to foreign aid to help pay for the cost of the pandemic. MPs voted to reduce the UK’s aid commitment from 0.7% of GDP to 0.5%. Boris Johnson won over many MPs who weren’t sure about the cut, by promising to reverse the cut once public debt is falling and the country is no longer borrowing to fund day-to-day needs.
Bosses are still waiting for guidance from the government about how to manage a safe return to office working. It was meant to be published yesterday - but publication was delayed. Top businesses have called out the “mixed messaging” from the government, warning that the lack of clear guidance could dent confidence and delay economic recovery.
Cryptocurrency trading platform Binance has suspended withdrawals of British pounds and euros after an issue with its payments provider. Last month, the Financial Conduct Authority (FCA) ruled that Binance isn’t allowed to conduct any regulated activity in the UK, although users here can still buy and trade cryptocurrencies on its platform.
","url":"https://multiply.ghost.io/price-rises-speed-up/","uuid":"73de81a5-cb93-41af-8243-87655848d01b","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60ee9ed36e4273003be1df7e"}},{"node":{"id":"Ghost__Post__60ed5a986e4273003be1df6c","title":"Nightclubs won't test on door","slug":"nightclubs-wont-test","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/484.png","excerpt":"Plus: London rents surge, retail enjoys rebound, masks could disappear from buses and trains.","custom_excerpt":"Plus: London rents surge, retail enjoys rebound, masks could disappear from buses and trains.","created_at_pretty":"13 July, 2021","published_at_pretty":"13 July, 2021","updated_at_pretty":"13 July, 2021","created_at":"2021-07-13T09:19:20.000+00:00","published_at":"2021-07-13T09:20:43.000+00:00","updated_at":"2021-07-13T09:20:43.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"No testing at nightclubs\nA major nightclub chain has said it won’t ask for vaccine passports\n[https://news.sky.com/story/covid-19-nightclub-owner-shuns-governments-covid-passport-ahead-of-reopening-12354631] \nor a negative coronavirus test at its 42 venues which include Pryzm and\nBar&Beyond. Clubs will be able to reopen from Monday and have been advised by\nthe government to check clubbers’ coronavirus status on the door. But REKOM UK\nsays testing would get in the way of a good night, and that its clubs are well\nventilated and well cleaned.\n\nLondon rents surge\nRental prices in the capital went up 4.3% in June\n[https://www.telegraph.co.uk/property/buy-to-let/london-rents-spike-tenants-rush-back-city-living/]\n* in the biggest monthly increase in 7 years. Tenants are returning to London as\noffices start to call workers back and the city’s social scene comes back to\nlife. But the impact of the pandemic means the rent on an average inner London\nhome is still £415 per month less than this time last year.\n\nRetail rebound\nShops enjoyed a massive surge of growth in April to June, as shoppers set new\nrecords on the high streets. Sales increased 28.4%\n[https://www.reuters.com/world/uk/uk-retailers-report-record-q2-growth-shops-reopen-2021-07-12/] \ncompared to 2020 - the biggest annual rise ever - and were 10.4% higher even\nthan 2019. The data comes from the British Retail Consortium (BRC), whose\nmembers are mainly supermarkets and large chains.\n\nMasks on trains?\nFrom Monday, bus and train companies must make their own rules\n[https://www.bbc.co.uk/news/business-57813402] about wearing face coverings\nwhile on board. Masks have been mandatory for the past year, but now the\ngovernment is scrapping the rule, and replacing it with guidance to mask up on\nbusy services.","html":"A major nightclub chain has said it won’t ask for vaccine passports or a negative coronavirus test at its 42 venues which include Pryzm and Bar&Beyond. Clubs will be able to reopen from Monday and have been advised by the government to check clubbers’ coronavirus status on the door. But REKOM UK says testing would get in the way of a good night, and that its clubs are well ventilated and well cleaned.
Rental prices in the capital went up 4.3% in June* in the biggest monthly increase in 7 years. Tenants are returning to London as offices start to call workers back and the city’s social scene comes back to life. But the impact of the pandemic means the rent on an average inner London home is still £415 per month less than this time last year.
![](\"https://multiply.ghost.io/content/images/2021/07/image-1.png\")
Shops enjoyed a massive surge of growth in April to June, as shoppers set new records on the high streets. Sales increased 28.4% compared to 2020 - the biggest annual rise ever - and were 10.4% higher even than 2019. The data comes from the British Retail Consortium (BRC), whose members are mainly supermarkets and large chains.
From Monday, bus and train companies must make their own rules about wearing face coverings while on board. Masks have been mandatory for the past year, but now the government is scrapping the rule, and replacing it with guidance to mask up on busy services.
","url":"https://multiply.ghost.io/nightclubs-wont-test/","uuid":"c2b40762-81a1-4a75-becb-fc87b8213436","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60ed5a986e4273003be1df6c"}},{"node":{"id":"Ghost__Post__60ec0bb96e4273003be1df56","title":"Care less about work?","slug":"care-less-about-work","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/483.png","excerpt":"Plus: home sales collapse, wealth gap widens, business confidence jumps.","custom_excerpt":"Plus: home sales collapse, wealth gap widens, business confidence jumps.","created_at_pretty":"12 July, 2021","published_at_pretty":"12 July, 2021","updated_at_pretty":"12 July, 2021","created_at":"2021-07-12T09:30:33.000+00:00","published_at":"2021-07-12T09:34:38.000+00:00","updated_at":"2021-07-12T09:34:38.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Career crisis\nCare less about work since coronavirus? You’re not alone. Almost half of\nemployees are less career-focused [https://www.bbc.co.uk/news/business-57798908] \nthan before the pandemic according to a survey by Aviva. As well as caring less,\n40% are worried about burning out, blaming the increasingly blurred lines\nbetween work and home.\n\nHome sales collapse\nExchanges fell by more than half\n[https://www.telegraph.co.uk/business/2021/07/12/house-sales-collapse-sunak-reins-stamp-duty-cut/]\n* in early July, after the stamp duty holiday came to an end. According to\nKnight Frank, the number of sales going through is at around 60% of its usual\nlevel for this time of year. Unless it’s their first property, buyers must now\npay the tax on anything over £250,000, cutting the possible saving from £15,000\nto £2,500.\n\nWealth gap widens\nHousehold wealth grew by £900 billion during the pandemic - but most of it went\nto the richest, according to thinktank the Resolution Foundation. The richest\n10% of adults gained over £50,000 each\n[https://www.theguardian.com/business/2021/jul/12/uk-wealth-gap-widens-in-pandemic-as-richest-get-50000-windfall] \non average, widening the existing wealth gap even further. They benefited from\nsaving more, paying off debt, and seeing their homes gain 8% in value.\n\nBusiness confidence jumps\nBusiness optimism is growing\n[https://www.theguardian.com/business/2021/jul/12/uk-business-confidence-jumps-ahead-of-19-july-lockdown-lifting] \nahead of the 19th July lifting of lockdown restrictions, according to a survey\nby BDO. Firms are at their most confident since 2005, with big hiring plans to\nmatch. Two thirds of firms expect business to pick up in the coming year and\nthey’re also planning to raise wages.","html":"Care less about work since coronavirus? You’re not alone. Almost half of employees are less career-focused than before the pandemic according to a survey by Aviva. As well as caring less, 40% are worried about burning out, blaming the increasingly blurred lines between work and home.
Exchanges fell by more than half* in early July, after the stamp duty holiday came to an end. According to Knight Frank, the number of sales going through is at around 60% of its usual level for this time of year. Unless it’s their first property, buyers must now pay the tax on anything over £250,000, cutting the possible saving from £15,000 to £2,500.
![](\"https://multiply.ghost.io/content/images/2021/07/image.png\")
Household wealth grew by £900 billion during the pandemic - but most of it went to the richest, according to thinktank the Resolution Foundation. The richest 10% of adults gained over £50,000 each on average, widening the existing wealth gap even further. They benefited from saving more, paying off debt, and seeing their homes gain 8% in value.
Business optimism is growing ahead of the 19th July lifting of lockdown restrictions, according to a survey by BDO. Firms are at their most confident since 2005, with big hiring plans to match. Two thirds of firms expect business to pick up in the coming year and they’re also planning to raise wages.
","url":"https://multiply.ghost.io/care-less-about-work/","uuid":"1dd838eb-6018-49f4-80cc-fabde7496de6","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60ec0bb96e4273003be1df56"}},{"node":{"id":"Ghost__Post__60e819ce6e4273003be1df2e","title":"Summer holiday bookings soar","slug":"summer-holiday-bookings-soar","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/Header-image-1-1.png","excerpt":"Plus: TikTok bans financial promotions, and the economy grew slowly in May","custom_excerpt":"Plus: TikTok bans financial promotions, and the economy grew slowly in May","created_at_pretty":"09 July, 2021","published_at_pretty":"09 July, 2021","updated_at_pretty":"09 July, 2021","created_at":"2021-07-09T09:41:34.000+00:00","published_at":"2021-07-09T09:50:09.000+00:00","updated_at":"2021-07-09T10:00:32.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Louis Adams","slug":"louis","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Louis Adams","slug":"louis","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"We’re all going on a summer holiday\nBookings for holidays to amber list destinations have surged by 400%\n[https://news.sky.com/story/covid-19-bookings-for-flights-to-amber-list-countries-up-by-400-after-no-quarantine-announcement-12352019] \naccording to EasyJet. This follows the government’s announcement that anyone\nreturning from an amber list country from 19th July who is fully vaccinated will\nno longer be required to quarantine. Mainland Spain, the Canary Islands,\nPortugal, and Greece are all on the amber list.\n\nTikTok clamps down\nTikTok has banned the promotion of all financial services\n[https://www.ftadviser.com/your-industry/2021/07/08/tiktok-bans-investment-promotions/]\n* and products across its platform globally. The social media company said this\nincludes cryptocurrency, investment services and foreign exchange. The decision\ncomes amid concern that young people are taking on too much risk when investing,\nin part due to misleading information on social media.\n\nEating out to help out\nThe UK’s economy grew by 0.8% in May\n[https://www.bbc.co.uk/news/business-57769712], driven by huge growth in the\nhospitality sector as lockdown restrictions were eased. It’s the fourth\nconsecutive month of economic growth, however it represents a slowdown from\nApril, and the economy is still 3.1% below pre-pandemic levels.","html":"Bookings for holidays to amber list destinations have surged by 400% according to EasyJet. This follows the government’s announcement that anyone returning from an amber list country from 19th July who is fully vaccinated will no longer be required to quarantine. Mainland Spain, the Canary Islands, Portugal, and Greece are all on the amber list.
TikTok has banned the promotion of all financial services* and products across its platform globally. The social media company said this includes cryptocurrency, investment services and foreign exchange. The decision comes amid concern that young people are taking on too much risk when investing, in part due to misleading information on social media.
![](\"https://multiply.ghost.io/content/images/2021/07/Adviser-view-2-1.png\")
The UK’s economy grew by 0.8% in May, driven by huge growth in the hospitality sector as lockdown restrictions were eased. It’s the fourth consecutive month of economic growth, however it represents a slowdown from April, and the economy is still 3.1% below pre-pandemic levels.
","url":"https://multiply.ghost.io/summer-holiday-bookings-soar/","uuid":"0c890395-1005-4f62-b0af-683952d5703a","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60e819ce6e4273003be1df2e"}},{"node":{"id":"Ghost__Post__60e6be2e6e4273003be1def6","title":"Quarantine rules to soften","slug":"minute-481","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/Minute481.png","excerpt":"Plus: The biases of advice, Income equality for all\n","custom_excerpt":"Plus: The biases of advice, Income equality for all\n","created_at_pretty":"08 July, 2021","published_at_pretty":"08 July, 2021","updated_at_pretty":"08 July, 2021","created_at":"2021-07-08T08:58:22.000+00:00","published_at":"2021-07-08T09:52:12.000+00:00","updated_at":"2021-07-08T09:52:12.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Jan Ciechowski","slug":"jan","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Jan Ciechowski","slug":"jan","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Amber turning yellow\nGovernment ministers are set to approve a policy that will allow travel from\namber destinations without isolating for up to 10 days\n[https://www.reuters.com/world/uk/vaccinated-britons-arriving-amber-list-nations-avoid-quarantine-media-2021-07-06/]\n. It will apply to travellers who can prove they’re fully vaccinated, provided\nthey do a test before flying and on the second day after their arrival. This\ncomes as welcome news for the travel industry, which has been hit hard by the\ncoronavirus pandemic. \n\nUK adviser bias\nResearch from Quilter Investors has shown UK investor portfolios to be biased\ntowards domestic investments\n[https://www.ftadviser.com/investments/2021/07/08/advised-investors-have-uk-bias-despite-underperformance/]\n. The UK has been the worst performing major equity market of 2020. Moreover,\ninvestors who receive financial advice had an even higher tendency towards home\nbias in their portfolios. \n\nWho gets hit the hardest\nThe Bank for International Settlements (BIS) found that countries with higher\nincome inequality recover from recessions less effectively than lower inequality\nnations. In more equal countries, monetary policy proves more effective\n[https://www.bis.org/publ/arpdf/ar2021e2.htm]. The economists’ view is that only\na more holistic framework, one including better safeguards for firms and\nindividuals can improve economic stability.\n\n\nViolence’s coming home\nA study has found that football matches starting at midday link to domestic\nabuse\n[https://www.theguardian.com/society/2021/jul/04/early-kick-offs-linked-to-more-alcohol-abuse-and-violence-in-the-home]\n. It has found a 5% fall in domestic abuse incidents during the two-hour\nduration of a game. After the game abuse started increasing. It peaked about 10\nhours after a game started, with about 8.5% more incidents than average at that\npoint. The day drinking associated with football matches can amplify existing\ndomestic abuse in both frequency and intensity.","html":"Government ministers are set to approve a policy that will allow travel from amber destinations without isolating for up to 10 days. It will apply to travellers who can prove they’re fully vaccinated, provided they do a test before flying and on the second day after their arrival. This comes as welcome news for the travel industry, which has been hit hard by the coronavirus pandemic.
Research from Quilter Investors has shown UK investor portfolios to be biased towards domestic investments. The UK has been the worst performing major equity market of 2020. Moreover, investors who receive financial advice had an even higher tendency towards home bias in their portfolios.
![](\"https://multiply.ghost.io/content/images/2021/07/Minute481Adviser_View.png\")
The Bank for International Settlements (BIS) found that countries with higher income inequality recover from recessions less effectively than lower inequality nations. In more equal countries, monetary policy proves more effective. The economists’ view is that only a more holistic framework, one including better safeguards for firms and individuals can improve economic stability.
A study has found that football matches starting at midday link to domestic abuse. It has found a 5% fall in domestic abuse incidents during the two-hour duration of a game. After the game abuse started increasing. It peaked about 10 hours after a game started, with about 8.5% more incidents than average at that point. The day drinking associated with football matches can amplify existing domestic abuse in both frequency and intensity.
","url":"https://multiply.ghost.io/minute-481/","uuid":"99e8199d-6f41-47c6-8459-77e28d0e60e5","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60e6be2e6e4273003be1def6"}},{"node":{"id":"Ghost__Post__60e580506e4273003be1debd","title":"Higher energy bills to pay for nuclear plants","slug":"higher-energy-bills-to-pay-for-nuclear-plants-2","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/Header-image-8.png","excerpt":"Plus: Welsh wines on the up, and a gloomy time for Wetherspoons","custom_excerpt":"Plus: Welsh wines on the up, and a gloomy time for Wetherspoons","created_at_pretty":"07 July, 2021","published_at_pretty":"07 July, 2021","updated_at_pretty":"07 July, 2021","created_at":"2021-07-07T10:22:08.000+00:00","published_at":"2021-07-07T10:36:05.000+00:00","updated_at":"2021-07-07T10:36:05.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Louis Adams","slug":"louis","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Louis Adams","slug":"louis","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The holiday is over\nHouse prices dipped slightly [https://www.bbc.co.uk/news/business-57746662] as\nthe stamp duty holiday wound down at the end of June. The tax break meant that\nhome buyers were spared paying any stamp duty on the first £500,000 of their\nproperty price. Purchases that complete before October will still benefit from\nreduced stamp duty, with the tax only kicking in at £250,000. House prices have\nstill risen over the last year by almost 9%.\n\nGloom looms for spoons\nDespite England’s performance in Euro 2020 being a boon for most pubs,\nWetherspoons, which has not televised most matches, has seen the decline of its\nsales double\n[https://www.thetimes.co.uk/article/football-fever-fails-to-lift-wetherspoon-sales-s02bslqf2]\n. Even during the tournament, sales are down 20% on pre pandemic years. The\ncompany has also indicated that it will raise its food prices in the near\nfuture, as a temporary cut in the VAT rate to help businesses deal with the\npandemic disappears over the coming year.\n\nThe nuclear option\nHouseholds in the UK could see higher energy bills\n[https://www.ft.com/content/d115c0bd-da17-4bbf-a070-b62b525c7fa1] as the\ngovernment looks for ways to fund the building of new nuclear power plants. One\n£20 billion plant is planned for England’s east coast, and would produce enough\nelectricity to power 6 million homes. The government sees the building of new\nnuclear power plants as key to achieving the UK’s target of zero net emissions\nby 2050.\n\nWelsh wine shines\nA “deliciously fresh” pinot noir has become the first Welsh vintage to win gold\n[https://www.theguardian.com/business/2021/jul/07/welsh-red-ex-postal-worker-and-retired-nurse-grab-gold-with-a-pinot-noir] \nat the Decanter World Wine Awards. The wine competed with more than 18,000 other\nwines in blind tasting, with 635 gold medals being awarded in total. The result\ncomes on the back of increasing success for UK winemakers, with an English\nsparkling wine winning one of a select number of “best in show” awards at the\nsame competition.","html":"House prices dipped slightly as the stamp duty holiday wound down at the end of June. The tax break meant that home buyers were spared paying any stamp duty on the first £500,000 of their property price. Purchases that complete before October will still benefit from reduced stamp duty, with the tax only kicking in at £250,000. House prices have still risen over the last year by almost 9%.
![](\"https://multiply.ghost.io/content/images/2021/07/Adviser-view-2.png\")
Despite England’s performance in Euro 2020 being a boon for most pubs, Wetherspoons, which has not televised most matches, has seen the decline of its sales double. Even during the tournament, sales are down 20% on pre pandemic years. The company has also indicated that it will raise its food prices in the near future, as a temporary cut in the VAT rate to help businesses deal with the pandemic disappears over the coming year.
Households in the UK could see higher energy bills as the government looks for ways to fund the building of new nuclear power plants. One £20 billion plant is planned for England’s east coast, and would produce enough electricity to power 6 million homes. The government sees the building of new nuclear power plants as key to achieving the UK’s target of zero net emissions by 2050.
![](\"https://multiply.ghost.io/content/images/2021/07/Adviser-view-1-1.png\")
A “deliciously fresh” pinot noir has become the first Welsh vintage to win gold at the Decanter World Wine Awards. The wine competed with more than 18,000 other wines in blind tasting, with 635 gold medals being awarded in total. The result comes on the back of increasing success for UK winemakers, with an English sparkling wine winning one of a select number of “best in show” awards at the same competition.
","url":"https://multiply.ghost.io/higher-energy-bills-to-pay-for-nuclear-plants-2/","uuid":"0172eb0c-5083-44c3-9444-65096904f686","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60e580506e4273003be1debd"}},{"node":{"id":"Ghost__Post__60e419346e4273003be1deac","title":"Four-day week an “overwhelming success”","slug":"four-day-week-an-overwhelming-success","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/Header-image-7.png","excerpt":"Plus: London homebuyers return, and work from home guidance set to end","custom_excerpt":"Plus: London homebuyers return, and work from home guidance set to end","created_at_pretty":"06 July, 2021","published_at_pretty":"06 July, 2021","updated_at_pretty":"06 July, 2021","created_at":"2021-07-06T08:49:56.000+00:00","published_at":"2021-07-06T08:51:37.000+00:00","updated_at":"2021-07-06T08:51:37.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Four-day week\n86% of Iceland's workforce have either moved to shorter hours\n[https://www.bbc.co.uk/news/business-57724779] for the same pay, or will gain\nthe right to, thanks to trials that were declared an \"overwhelming success\" by\nresearchers. The government ran trials between 2015 and 2019, paying workers the\nsame amount for shorter hours. In the majority of cases, productivity remained\nstable or increased.\n\n\nLondon homebuyers return\nEstate agency Knight Frank claims that homebuyers are returning\n[https://www.telegraph.co.uk/business/2021/07/05/house-buyers-return-prime-london-areas-lockdown-eases/]\n* to the London suburbs as lockdown eases. Last year, London prices didn’t see\nthe same boom as the rest of the country - but transactions last month were 86%\nhigher than the 5 year average.\n\n\nBack in the office\nGovernment guidance to work from home is set to end with other restrictions.\nHuman resources body CIPD says this \"shouldn't signal a mass return\n[https://www.bbc.co.uk/news/business-57727567] to workplaces\", but instead “the\nstart of greater freedom and flexibility” in how we work. Others are hoping for\na lot more office workers - their absence has been a \"real challenge\" for local\nshops, cafes, and pubs, according to the Centre for Cities think tank.","html":"86% of Iceland's workforce have either moved to shorter hours for the same pay, or will gain the right to, thanks to trials that were declared an \"overwhelming success\" by researchers. The government ran trials between 2015 and 2019, paying workers the same amount for shorter hours. In the majority of cases, productivity remained stable or increased.
Estate agency Knight Frank claims that homebuyers are returning* to the London suburbs as lockdown eases. Last year, London prices didn’t see the same boom as the rest of the country - but transactions last month were 86% higher than the 5 year average.
![](\"https://multiply.ghost.io/content/images/2021/07/Adviser-view-1.png\")
Government guidance to work from home is set to end with other restrictions. Human resources body CIPD says this \"shouldn't signal a mass return to workplaces\", but instead “the start of greater freedom and flexibility” in how we work. Others are hoping for a lot more office workers - their absence has been a \"real challenge\" for local shops, cafes, and pubs, according to the Centre for Cities think tank.
","url":"https://multiply.ghost.io/four-day-week-an-overwhelming-success/","uuid":"6cf02b9a-94f0-4b5f-901c-3bcf12375171","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60e419346e4273003be1deac"}},{"node":{"id":"Ghost__Post__60e2cfc56e4273003be1de6f","title":"PM to announce lockdown easing","slug":"pm-to-announce-lockdown-easing-2","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/Header-image-6.png","excerpt":"Plus: John Lewis rental homes, Morrisons takeover bid, and greater protection for new home buyers","custom_excerpt":"Plus: John Lewis rental homes, Morrisons takeover bid, and greater protection for new home buyers","created_at_pretty":"05 July, 2021","published_at_pretty":"05 July, 2021","updated_at_pretty":"05 July, 2021","created_at":"2021-07-05T09:24:21.000+00:00","published_at":"2021-07-05T09:50:00.000+00:00","updated_at":"2021-07-05T09:50:00.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Louis Adams","slug":"louis","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Louis Adams","slug":"louis","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Freedom pending\nLater today, Boris Johnson will set out the final lockdown easing plans\n[https://news.sky.com/story/covid-19-boris-johnson-to-reveal-final-step-of-roadmap-plan-to-restore-peoples-freedoms-at-monday-news-conference-12348907] \nfor England on 19th July. He’s expected to give new guidance on working from\nhome and wearing face coverings, but will emphasise that Britons will have to\n“learn to live” with Covid as cases rise with the reopening of society.\n\nLandlord John Lewis\nRetailer John Lewis will build 10,000 rental homes\n[https://www.cityam.com/john-lewis-to-build-10000-rental-homes/] over the next\nfew years as the company looks to diversify into the residential property\nmarket. Tenants will have the option to rent the homes fully furnished with John\nLewis products and they’ll all have a Waitrose store nearby. The first homes are\nplanned for the South East of England.\n\nMorrisons bidding war\nSupermarket chain Morrisons has agreed to a £6.3bn takeover bid\n[https://www.bbc.co.uk/news/business-57705253] led by US private equity firm\nFortress Investment Group in what would be considered the biggest shakeup of the\nUK grocery sector in over a decade. This could spark a bidding war, with rival\nprivate equity firm Apollo*\n[https://www.ft.com/content/9d1a6019-6571-478c-8b1f-f267bb582f0d] now\nconsidering making an offer to buy the retailer.\n\n15 years to take action\nHousing Secretary Robert Jenrick has said that homeowners in England and Wales\nwill be given 15 years [https://www.bbc.co.uk/news/uk-politics-57645976] from\nwhen a property is built to take legal action against developers for poor\nbuilding work. This is an increase from the current 6 years. The extra\nprotection for home buyers comes in response to the cladding crisis that was\nbrought to light by the Grenfell tragedy.\n\nGeorge Cross for the NHS\nThe Queen has awarded the George Cross to the NHS\n[https://www.theguardian.com/society/2021/jul/05/queen-awards-george-cross-to-nhs-to-mark-70-years-of-public-service] \nto mark seven decades of public service. It’s the UK’s highest award for\ngallantry and heroism and it follows a particularly challenging year for the NHS\nin the face of the Covid-19 pandemic.","html":"Later today, Boris Johnson will set out the final lockdown easing plans for England on 19th July. He’s expected to give new guidance on working from home and wearing face coverings, but will emphasise that Britons will have to “learn to live” with Covid as cases rise with the reopening of society.
Retailer John Lewis will build 10,000 rental homes over the next few years as the company looks to diversify into the residential property market. Tenants will have the option to rent the homes fully furnished with John Lewis products and they’ll all have a Waitrose store nearby. The first homes are planned for the South East of England.
Supermarket chain Morrisons has agreed to a £6.3bn takeover bid led by US private equity firm Fortress Investment Group in what would be considered the biggest shakeup of the UK grocery sector in over a decade. This could spark a bidding war, with rival private equity firm Apollo* now considering making an offer to buy the retailer.
Housing Secretary Robert Jenrick has said that homeowners in England and Wales will be given 15 years from when a property is built to take legal action against developers for poor building work. This is an increase from the current 6 years. The extra protection for home buyers comes in response to the cladding crisis that was brought to light by the Grenfell tragedy.
The Queen has awarded the George Cross to the NHS to mark seven decades of public service. It’s the UK’s highest award for gallantry and heroism and it follows a particularly challenging year for the NHS in the face of the Covid-19 pandemic.
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