Spreadex Market Update
Funding for lending scheme will be scaled back
Bank of England governor Mark Carney this morning announced that the funding for lending scheme will be scaled back declaring the housing market no longer needs government support. This comes amid raised fears of a housing bubble, with house prices in London currently higher than before the 2008 crash. Governor Carney said despite the FLS being scaled back the Financial Policy Committee does not have the power to veto the governments ‘help to buy’ scheme. Carney suggested a shift in focus for 2014 with support moving away from personal mortgages and towards small companies, who are still having difficulties borrowing, investors see the current lack of lending to small companies as a hindrance to a more sustainable recovery.
Migration policy has again made the headlines today, yesterday David Cameron announced his plans to help stop migrants from exploiting the UK benefits. Today home secretary Theresa May’s plan to reduce net migration to the ‘tens of thousands’ by the next general election took a hit as the latest annual figures showed a spike in net migration to 182,000. Policy has reduced the number of Asian and US immigrants over the year however continuing turbulence in the Eurozone has caused an increase in migration from countries such as Greece, Spain and Italy.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
