Economy of the United Kingdom

A great leader's way

A great leader's way

You can love her, you can hate her, but you cannot ignore her." These words, from Carol Thatcher, the daughter of the former British prime minister Margaret Thatcher, give us an insight into the nature of this unique woman. These are the opening words to the BBC documentary The Iron Lady, first broadcast hours after Mrs Thatcher's death earlier this month. The words have been repeated often of late, because there is much truth behind them.

Thursday, 25 April, 2013, 3:04am 1 comment

Labour blasts George Osborne over Britain's loss of AAA credit rating

London's financial district. Moody's stripped Britain of its coveted AAA credit rating.

In a rebuff to London's hopes that sharp spending cuts would both gradually eliminate the deficit and give growth a boost, Moody's rating agency cut Britain's grade by one notch to Aa1.

24 Feb 2013 - 5:35am

Business Digest, February 14, 2013

Peugeot Citroen posts first loss in 3 years

Bank of England governor Mervyn King said Britain faced more inflation and a muted economic recovery. "Inflation is likely to rise further in the near term and may remain above the 2 per cent target for the next two years," King said. 

14 Feb 2013 - 4:53am

Euro-zone economy shrinks despite German growth

The euro zone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out.

15 Aug 2012 - 1:33am

StanChart sees profit growth dipping below 10pc

Standard Chartered Bank expects first-half revenue and pre-tax profit growth to drop below 10 per cent from a year ago as regional currencies weaken against the US dollar and key economies slow down.

28 Jun 2012 - 12:00am

Exchange remains vibrant

Billed as the 'most successful growth market in the world', the London-based Alternative Investment Market (AIM) watched as more than a third of the companies on the index disappeared when the global economic crash hit all markets in 2008. But how is it faring today?

15 Jun 2012 - 12:00am

Property agents and customers need time to adjust to using 'saleable area'

I refer to the letter by Robert Karlson ('Simple plea for agents to be honest', May 28) and the article ('Flaw space', May 30).

The Estate Agents Authority is a statutory body set up to regulate the estate agency trade.

9 Jun 2012 - 12:00am

Agents make killing on 'haunted houses'

The reputation of estate agents will not be improved by their latest marketing ploy - listing so-called 'haunted houses' for sale or rent because the occupants have died.

The property descriptions come complete with the gruesome details of the occupants' deaths.

1 Apr 2012 - 12:00am

Virtual middlemen flourish in Britain

A new breed of discount property brokers, 'virtual agents', is appearing in Britain.

These online estate agencies offer to market homes at one-tenth of the price of traditional estate agents.

According to Peter Joseph, founder of online estate agency Think Property, there were only 10 web agencies in Britain six months ago, but now there are about 100.

7 Dec 2011 - 12:00am

Keeping the property market clean

At the start of 1999, a licensing regime for the estate agency trade came into effect.

There are two licence types for individuals: an estate agent's licence, which is required to operate a related business, and a licence for a salesperson, who is only allowed to perform estate agency work for a licensed estate agent.

15 Oct 2011 - 12:00am


The government is acting to make sure homebuyers or sellers who give their contact details to property agents do not receive endless phone calls from agents they don't know. The Estate Agents Authority's circular on the protection of personal data of clients says agents cannot disclose the information to another agent, or sell the data to a third party without the client's consent.

30 Sep 2011 - 12:00am

Hong Kong owners reap British rental rewards

If Britain has entered an age of austerity, London's landlords may want more of it, since rents in the capital are at record highs. And among the beneficiaries of those rents are Hong Kong investors, who have bought heavily in Canary Wharf in particular, where rents are rising strongly.

13 Jul 2011 - 12:00am

Agents ZAP-ed

Small players in Hong Kong's competitive property market usually have to shoulder the high commission fees demanded by agents, but a new online platform has been created to make such payments a thing of the past.

19 Jun 2011 - 12:00am

Estate agents' disciplinary records go online

The Estate Agents Authority today launches an online search engine that will allow members of the public to search for information about disciplinary wrongdoing by agents. The period for which the authority will retain licensed agents' disciplinary records will be also extended to two years, from a maximum of one year.

28 Apr 2011 - 12:00am

Surveyors' code can benefit estate agents

Every weekend, evidence of Hong Kong's fiercely competitive property market can be seen along the footpaths around prime real estate. Young adults patrol the streets for hours, waving promotional material at passers-by trying to entice people to view the show flats.

27 Jan 2011 - 12:00am