Gordon Brown, publishing his Labour Party’s election platform as polls show him trailing in the race to remain prime minister, offered voters “national renewal” as the record budget deficit limited his room to increase spending. … The Financial Services Authority will be given more powers to limit bank executives’ remuneration and to act if rules on bonuses are being evaded. If elected, Labour will break up the banks it has controlling shares in, Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, while finding a “mutual solution” for Northern Rock Plc, nationalized in 2008. Government will get the power to block takeovers of infrastructure and utility companies on national interest grounds, and other buyouts will require a two-thirds majority in the shareholder vote. Labour also says it will “examine” the case for limiting votes to those who owned stock before the buyout was announced.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
While rent prices are going up, the latest 3% year-over-year increase marks the slowest pace in 18 months, according to a new report from RentCafe.