News
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MORNING NEWS: Inflation stays stubbornly high
Plus – UK’s debt above 100% of GDP and what whales have to do with real estate
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Urban Logistics REIT puts hold on acquisitions pipeline
Capital will be recycled, but no new money will be raised in current climate
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The RICS is in the midst of a fight for its survival and it needs soldiers
EDITOR’S COMMENT Can the RICS’s new recruit help it win the battle for survival?
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What whales have to do with real estate’s journey to net zero
Real estate must address the implications of Scope 3 emissions on the environment
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Interest rate hike expected as inflation stays stubbornly high
Headline inflation has remained at 8.7%, but how high will the bank raise the base rate?
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Government debt above 100% of GDP for first time since 1961
The borrowing bill rose by £20bn in May, higher than the £18.3bn forecast
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Inheritance tax to hit new record
Receipts are on track to hit £7.7bn, four years earlier than expected
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Nationwide pledges to hold on to branches
The building society says it will not join high street exodus
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Joules owes landlords millions after Next rescue
More than £100m is owed to unsecured creditors, including landlords
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Aristocrat forced to open up part of estate to ‘commoners’
The Marquis of Salisbury lost an attempt to block the change
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Aviva brings Bloomsbury office block to market
The company is looking for offers in the region of £37.5m for 8 Bloomsbury Street
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JTRE London appoints joint managing director
Nigel Fleming takes the role alongside current managing director Juraj Marko