Property industry reaction: Boris Johnson to be Prime Minister

first_imgHome » News » Housing Market » Property industry reaction: Boris Johnson to be Prime Minister previous nextHousing MarketProperty industry reaction: Boris Johnson to be Prime MinisterAs Boris wins a decisive victory in his bid to become the next leader of the Conservative party what does the industry ask of him as he moves into No.10?Nigel Lewis23rd July 201904,298 Views Whether you’re over the moon or underwhelmed, Boris Johnson is now Prime Minister of the UK.He’s got form in the housing sector including his relatively unsuccessful attempt to introduce a minimum ‘rental standard’ in London when he was mayor, but now takes charge of a government that has several flagship housing market measures under way.Will Bojo keep his housing team as it is? Will he alter James Brokenshire’s plans to reform Section 21 evictions, reform leasehold ownership, regulate estate agency and set up a publicly-available database of rogue landlords and agents? And will he follow through on his promise to reform Stamp duty. It will be an interesting few weeks.Industry reactionIain McKenzie, CEO, The Guild of Property Professionals (left): “I am in favour of anyone who is going to improve sentiment or confidence in the housing market. Current economic data is strong but the uncertainty of Brexit has caused stagnation in the market. Mr Johnson’s commitment to “deliver Brexit” on 31st October with a new “can do” spirit is therefore very much welcomed.“Going forward with Boris as Prime Minister, I would also welcome any positive move on stamp duty or the additional taxes on landlords.“The Guild has been actively promoting best practice in estate agency for 25 years, including our code of conduct for members and trading standards accredited training scheme. We therefore wholeheartedly support the government’s most recent proposals for strengthening redress and regulating the industry, giving consumers greater confidence that whether buying (re-sale or a new home), selling, letting or renting a property, they are dealing with a professional agent and there is a clear route to redress in the event of a dispute.“However, the one big thing I would like to see happen in the future is the removal of the housing sector from parliamentary control.  It should no longer be a political football kicked around by any party to gain political favour. To deliver much needed change in the sector, we need stability and clarity of direction.”Glynis Frew, CEO of Hunters (left): “His emphasis on home ownership and plans for stamp duty spell good news, although the same cannot be said for the inevitable cabinet reshuffle which is likely to result in a new housing secretary at the cabinet table and possibly a new housing minister.“It’s difficult to get to grips with the revolving door approach. Who does it benefit? No strategy to improve our industry and marketplace can ever be properly carried out with all this chopping and changing. Whether it’s chronic undersupply, the affordability crisis or the regulatory environment, it just doesn’t feel like these key issues are being treated seriously enough.”“Giving housing its own standalone position at the cabinet table is a sensible way to show they are. The 2018 re-branding of government departments didn’t go far enough. I’d like to see that position with long term backing from the PM and with a brief to carry out a 15-20 year housing strategy, which is based on a proper understanding of the industry resulting in realistic predictions, policies and compromise, not buzz words and hyperbole.”Marc von Grundherr, MD of Behan & Reeves, (left), says: “A new prime minister and a clean slate can bring a rejuvenated air of confidence to the UK housing market but while Boris does have a fairly good track record when it comes to housing, he’s probably not the steady hand on the tiller that many would have liked.“He has put his stake in the ground with a number of announcements around the UK housing market but with his plate already rather full, it’s unlikely that any of these will ever come to fruition.”Camilla Bell (left), Managing Partner, at Black Brick: “A move to reverse the Stamp Duty increases put in place by George Osborne, when the top rate increased from 7% to 12%, would be very good news, particularly for the London market which has been suffering from an onslaught of tax hikes on property since the end of 2014.“There is now clear evidence that the Stamp Duty increases have started to dent the tax take.“We would welcome a review of current property taxation, particularly the 3% surcharge and proposed 1% additional charge on foreign buyers, which has had the effect of pouring glue into the market and resulting in a dramatic fall in the number of transactions happening on an annual basis.”Nick Leeming, Chairman of Jackson-Stops, (left) says: “Today’s announcement from the Conservative Party should inject some stability and confidence back into the property market over the coming months.“Although clarity is urgently needed on Brexit, our new Prime Minister Boris Johnson must also see the property market as one of his top priorities.Prohibitive stamp duty charges have long been a challenge for those on all rungs of the property ladder, and so both buyers and sellers will now be eagerly awaiting confirmation from him and his party on how he decides to address this.“Should Boris decide only to switch stamp duty liabilities from the house buyer to the seller this will do little to improve the overall market.“Buyers will look at the combined cost of a property purchase before deciding how much they should bid for it.”Boris Johnson July 23, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

USS McCampbell sailors battle ice on Japan port call

first_img February 8, 2017 View post tag: US Navy View post tag: USS McCampbell Authorities USS McCampbell sailors battle ice ahead of Japan port callcenter_img Share this article Sailors aboard the U.S. Navy’s forward-deployed Arleigh Burke-class guided-missile destroyer USS McCampbell (DDG 85) had a lot of ice to battle before pulling into Otaru, Japan, on February 3.The warm welcome the sailors received was an appreciated contrast to the conditions at sea they previously experienced.During the four days McCampbell spent in port, the ship hosted tours for distinguished visitors and participated in sporting events with local residents. Sailors also, volunteered at the Otaru Snow Light Path Festival.“We sincerely appreciated the hospitality and warm welcome we received,” said Cmdr. Ed Angelinas, commanding officer of McCampbell. “We are grateful for the opportunity to experience the local culture and participate in the festivals with the people of Otaru.”Once the ship moored in port, McCampbell leadership attended welcome meetings hosted by the Honorable Hideaki Morii, mayor of Otaru, Hiroyuki Yamaguchi, chief of Otaru Police Department, Hideaki Yamamoto, chairperson of Otaru Chamber of Commerce and Industry, and Capt. Kenji Moribe, commander, Otaru Coast Guard Office.The warm welcome continued when the sailors were invited to a Welcome Reception hosted by the Otaru Japan Self-Defense Force Supporters Association.“I have thoroughly enjoyed my time in Otaru and Sapporo,” said Logistics Specialist 1st Class Ambrosio Maddagan, from Honolulu, Hawaii. “I will not forget the amazing sights and I hope to come back with my family.” Back to overview,Home naval-today USS McCampbell sailors battle ice ahead of Japan port call last_img read more

Singapore Navy hosts its first international maritime review

first_img Over 40 ships and 44 nations attended the Republic of Singapore Navy’s first ever international maritime review to May 15.The event took place at RSS Singapura, Changi Naval Base and was attended by more than 30 navy chiefs, vice navy chiefs and directors-general of coast guards, and more than 40 flag rank officers, according to the Singapore ministry of defense.The international review is part of a series of events held to mark the Singapore Navy’s 50th anniversary.Speaking at the review, Singapore president Tony Tan Keng Yam said that, “The gathering of navies around the world for the first Singapore IMR is a testament to the strong friendships and extensive network Singapore enjoys across the world.”The Republic of Singapore Navy’s Formidable-class frigates, RSS Formidable, RSS Stalwart and RSS Supreme, led flotillas of warships in three separate multinational group sails into Singapore from 9 to 13 May 2017.In the Malacca Strait, RSS Formidable met up with ships from India, Indonesia, Myanmar and Sri Lanka. Over in the South China Sea, RSS Stalwart rendezvoused with ships from Canada, France, Japan, Republic of Korea, Philippines, Thailand, the United States of America and Vietnam, while their sister ship RSS Supreme was joined by ships from Australia, Bangladesh, Brunei, People’s Republic of China, Indonesia, New Zealand and Russia. The ships conducted manoeuvring exercises and communication drills during the multinational group sails.The 6th Western Pacific Naval Symposium (WPNS) Multilateral Sea Exercise (WMSX) was held in conjunction with the multinational group sails. During the WMSX, the navies practised the Code for Unplanned Encounters at Sea, following the use of the protocol in the WMSX in 2015. May 15, 2017 Back to overview,Home naval-today Singapore Navy hosts its first international maritime review View post tag: IMR Authoritiescenter_img Singapore Navy hosts its first international maritime review View post tag: RSN Share this articlelast_img read more

Patisserie serve-over counters

first_imgRefrigeration specialist Valera (West Thurrock, Essex) has a range of patisserie serve-over counters to suit various applications.The slimline Hill counter is designed for tight locations and can be passed through a standard 32in doorway. With refrigerated under-storage and both intermediate (glass) and rear (marble) shelves, the Hill is very compact, says the company. Standard features include a stainless steel deck, digital controller and digital temperature read-out. Temperature range is 2-5°C making it suitable for a selection of patisserie products, claims Valera. The counters are available in lengths from 1-3m and options include either curved or straight glass and 700mm and 1,000mm till extension counters.last_img read more

Sales up for Irn-Bru maker A G Barr

first_imgA G Barr, maker of Irn-Bru, has revealed a turnover increase of 5.8% in its interim financial statement. Its turnover has risen to £82.4m for the six months to 26 July, despite the soggy summer season.Pre-tax profit hit the £11.1m mark and earnings per share rose to 44.16p – up 12.6% on last year.Barr said that sales were boosted by its partnership with Rockstar Energy, as well as new brands, Taut and Vitsmart. Recently it acquired juice drinks company Rubicon.Irn-Bru’s continued strong sales have seen ongoing popularity in its Scottish market, and Barr will continue to support the energy drink with consumer and trade activities.The company’s still fruit drinks brands, Simply and St Clement’s, have seen a combined growth of 23%.In a statement, the company said: “We completed the £2.85m purchase of a further 20.5-acre site adjacent to our Cumbernauld facility in September. This will not only allow for future expansion, but will also immediately decrease operating costs through increased efficiency of raw-material storage, fewer finished-product stock movements and reduced outside-storage requirements.”[]last_img read more

Royal Jelly Jive ‘Stand Up’ On Their Newest Release And Groove Into The Future

first_imgRoyal Jelly Jive have forged a unique and entrancing sound that draws upon musical elements from across modern music history to create their newest release, Stand Up. With everything from slow jazz, ragtime, beat poetry, Americana flavored rock all guided by a steady, song craft focused writing philosophy each track gains a life and identity while remaining part of the band’s whole. Though the band itself is only three years old, their rich blend of styles and the ease in which they have created their own distinct flavor shows a deep group understanding of both theory and commitment to a shared purpose percolating behind their stage smiles is a truly impressive accomplishment.Stand Up‘s opening track, Bad, is a down tempo funk tune that grooves and pops with sparse production and guitar and horn stings that add color and credence to singer Lauren Michelle Bjelde breathy, jazzy vocals to perfect effect. Bjelde’s remarkable voice manages to be brash and vulnerable at once, with a sassy sexuality continually informing each syllable. The second track finds her pipes put to the test in an homage to the eccentric, gruff voiced modern day troubadour Tom Waits in a musical open letter entitled ‘Dear Mr. Waits.” Managing to match the spirit of the legendary stylist without outright imitation is a difficult task, but one the band playfully manages with charm to spare. Check out the track below:“Dear Mr. Waits”Showcasing Beljde’s breathy delivery on the opening piano introduction of “Elixir,” the band quickly morphs into a rave up that must surely bring down the house live. Songs like “When I’m With You” and “Oh Roger” could have easily been released in the twenties and done well for themselves, while “Railroad Tracks” and “Top Hat” embrace the rock and soul of fifties and sixties. On the track “Story,” Royal Jelly Jive is stripped down to its most naked, with only an echo effect to add dimension to an otherwise completely straight jazz-blues smouldering number that speaks to both the heart and the hips in equal volume. Guitarist Marty O’Reilly swings by to add a male counterpoint to the vocals, turning a lonesome ode into a testimony to a shared love.Listen to their collaboration below.“Story”A second tribute to the esteemed Mr. Waits comes by way of an unexpected and delightful reworking of the Primus song “Tommy The Cat” that Waits had added a spectacular spoken word section. It bubbles and cruises along with a completely original score that nods at the original before going in a completely different direction to a most satisfying effect. Bjelde’s voice seems fitted for the black and white smoky film noir settings that served as the inspiration for the Jack Nicholson homage Chinatown, which serves as both the title and subject matter of one of the tunes on the disc. Ending on a wistful note, the simplicity of production and sheer honesty of the piece elevates it into a true moment of connection that all bands should aspire to create with their listeners.Fans of jazz, smokey piano bars and sensual songstresses alike should find themselves in love with this album, but they won’t be alone. Though it is steeped in a old-timey style it is also strangely accessible to all audiences. Royal Jelly Jive might not fill arenas but they will certainly fill hearts with warmth and minds with lascivious thoughts with their slightly surreal sound. They’ll be holding a special album release party at The Independent in San Francisco on June 24th, and it’s sure to be a sell out crowd ready to wish their home town band luck on the tour to follow.  Catch them if you can!last_img read more

The Motet’s Dave Watts Challenges Jason Hann To A Drum Off At The Fillmore [Photos/Video]

first_imgLoad remaining images For fans of The Motet, you can catch them at the 2nd annual Fool’s Paradise March 31 & April 1 in St. Augustine alongside Lettuce x2, Joe Russo’s Almost Dead, The Floozies, a special Manic Science set featuring Manic Focus and Break Science, The Main Squeeze, Organ Freeman, along with Oteil Burbridge and Antwaun Stanley as Artists at Large. Head here for more information.Relive the glory of Saturday night in the photos below, courtesy of Christopher Baldwin. Currently on tour, The Motet are charging through the West coast with their show-stopping funk outfit. On Saturday February 4, the powerhouse welcomed special guests Jason Hann (String Cheese Incident) and Natalie Cressman (Trey Anastasio Band) to join the fun. Skerik’s Bandalabra opened up the evening, providing a full night of rocking tunes.Dave Watts of The Motet and Jason Hann even challenged one another to a drum off. You can watch the action in the video below:last_img read more

Fans or no fans? Tokyo Olympic organizers still mum

first_imgTOKYO (AP) — One of the biggest unanswered questions about the Tokyo Olympics deals with fans. Will there be any from abroad? And will fans of any sort be allowed in outdoor stadiums or smaller indoor arenas? Organizing committee President Yoshiro Mori says “no spectators is one of the options.” The International Olympic Committee and Tokyo organizers will roll out their “Playbook” next week. The detailed plan about how to hold the games during a pandemic will set down strict rules for thousands of athletes arriving in Japan. The Nikkan Sports newspaper reports that organizers are expected to announce “soon” that fans from abroad will not be allowed to attend.last_img read more

Interview with Gen. Joaquin V. Perez Feliz, Minister of Defense of the Dominican Republic:

first_img Diálogo: What are the Dominican Republic’s goals and priorities with regard to issues of national security and sovereignty right now? Gen. Joaquin V. Perez Feliz: The chief objective is to guarantee the defense of our national objectives in matters of national security, strengthening the security system, because in this way we’re able to more effectively confront challenges such as drug trafficking, illegal immigration, terrorism, environmental degradation, and all kinds of illicit trafficking. We also have to strengthen our legal and regulatory framework in order to strengthen the joint institutional structures of the Armed Forces, raise our operational level, and improve the institutional system of military intelligence, so that it can better support operations and better confront threats. Another aspect is to continue supporting the national police, in order to build a much more effective system of citizen security. Diálogo: What is the Armed Forces’ role in confronting the threat of illicit trafficking? Gen. Joaquin V. Perez Feliz: For the Armed Forces, the fight against illicit trafficking is a national high-priority objective and is a duty hallowed by the Constitution of the Republic. It’s our duty to confront transnational criminal activities that affect the country and its inhabitants. That is to say that we have to be strong and combat illicit trafficking of all kinds: drug trafficking, transnational crimes, arms trafficking, and human trafficking. Diálogo: Many countries in the region are studying the possibility of changing their constitutions precisely in order to allow the army to play a role that has belonged to the police until now. Gen. Joaquin V. Perez Feliz: For us, this is defined. We have the Armed Forces for defense and the police for public safety, but at any time when there’s an emergency situation, if the president so determines, we can act and support the national police. We even have a task force, Ciutran (Ciudad Tranquila [Peaceful City]), that supports the national police, especially at night. Diálogo: How has illicit trafficking affected your country? Gen. Joaquin V. Perez Feliz: Illicit trafficking in all its aspects is an evil that has affected not only the Dominican Republic, but all the countries of the world and of the region, including the United States, because crime corrodes families and brings insecurity. The Dominican Republic has invested large sums to counteract drug-trafficking organizations and has also established a good level of cooperation with other institutions, such as the state security agencies and the courts and public prosecutors. This has resulted in our being able to combat transnational crime and drug trafficking more effectively. Diálogo: What more should be done in order to combat these threats? Gen. Joaquin V. Perez Feliz: Despite the fact that we have some resources for the fight, such as the exchange of information, we have to continue with international support, because it’s not true that a country on its own can effectively combat a threat like illicit drug trafficking. Diálogo: What are the benefits of working with the United States and other nations to confront this regional threat and others like it? Gen. Joaquin V. Perez Feliz: The Armed Forces have resolved to be more active in the international arena in order to benefit from the experiences and capabilities of the United States and of other countries in the region. To this degree, we’ll be able to be much more effective, because despite the fact that there is a firm and decisive political will in the Dominican government to confront these plagues, we’ve benefited from support in the exchange of information and in training. For us historically, in our relationship with the United States on matters having to do with the Armed Forces and other institutions, the benefits have been extraordinary. Working with the United States has been very, very beneficial. Diálogo: What is your opinion on the effectiveness of the established parameters for combating the problems of crime and violence related to illicit trafficking in the Caribbean, the parameters promoted by the Caribbean Basin Security Initiative? (Implemented by the United States, the CARICOM member countries, and the Dominican Republic in May 2010) Gen. Joaquin V. Perez Feliz: The initiative is very interesting and has borne a lot of fruit for us, because it’s been demonstrated that no country on its own can successfully confront the threat of illicit trafficking and organized crime. The Dominican Republic is firmly supporting this initiative, to the point that we’ve participated in all the meetings and have placed our own plans at the initiative’s disposition. Hence the significance that the framework of shared responsibility with the United States and all the countries in the region has, because it’s going to be much more effective to combat drug trafficking, transnational crime, arms trafficking, and illicit trafficking. We’re fully on board with President Barack Obama’s initiative. Thanks to the support of the Dominican government and President Lionel Fernández, we in the Dominican Republic have currently reduced the network of illicit-trafficking flights considerably. We’re making progress, and we have the political will to continue constantly improving in the fight against illicit trafficking, which is threatening the region and the world. By Dialogo January 24, 2011last_img read more

CUNA and state leagues

first_img 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Wendell Fountain Dr. Wendell V. Fountain has been President/Principal Consultant of Fountain & Associates Business & Management Consultants since 1984. Wendell is a credit union strategist, speaker, and author. He has … Web: Details I stay somewhat befuddled and perplexed about this business of requiring credit unions to be members of the Credit Union National Association (CUNA) as a prerequisite to joining a state league. Credit unions pay dues to both of these organizations. CUNA is not the U.S. federal government which requires all states to fall under its jurisdiction; although, like the federal government, CUNA has become somewhat bloated and duplicative. This requirement seems to violate the very tenets of freedom of choice. When I served on the board of a credit union, this issue resurfaced every year, and we usually capitulated and maintained our memberships in CUNA and our state league, but not all of us board members agreed on this approach. Since our organization was rather large, so were our dues, and some of us had difficulty in justifying the expenditure of our members’ money to CUNA. This prompted some of us to question the value we received for the services provided. In fact, there were occasions in which we questioned our need to even be a member of the state league.Most state league CEO’s are rather reluctant to challenge this dual requirement, and the reason, I surmise, is more political than anything else. Dave Adams, CEO/President of the Michigan League, believes that they (the league) should have control over its membership requirements, not an external entity which possesses common goals. After all, aren’t there already enough rules, regulations, directives, bulletins, procedures, and policies in existence governing credit unions without adding more? What’s wrong with mutual exclusivity? There is too much overlap in what the state leagues and CUNA do for the approximately 7,000 credit unions in the United States.Where is the justification for any state league to insist that a credit union must hold membership in CUNA? This is not intended to be a criticism of state leagues or CUNA, but historical practice is not a sufficient explanation. Just because CUNA is the largest trade association in America isn’t enough. Neither can it be justified on the basis of past practice. Something done in the past doesn’t mean that it should be continued into the future. Times, the economy, and conditions change. If the members’ money is to be expended, there should be sound financial and fiduciary grounds for that decision. Logically, this requirement could be extrapolated to include other trade associations such as the Credit Union Executives Society (CUES)–among others.I’ve always wondered about the action of the largest credit union in the world, Navy FCU, back in December of 2007 when it “disaffiliated” from CUNA. Today that organization has 5.7 million members and now exceeds $70 billion in assets. According to the Credit Union Times, dated December 6, 2007, the rationale provided then was because of the use of a lobbyist in common by CUNA and payday lenders. Simultaneously, as an aside, CUNA also “disaffiliated” with the Virginia Credit Union League at that time. From past experience, it seems to me that credit unions which have asset sizes in billions of dollars and large memberships do not, necessarily, need the services of CUNA. For that matter, for such credit unions, probably not even a state league membership is necessary.The question is why should this practice continue? The answer usually given is because CUNA and state leagues are important to smaller credit unions, and that is probably not arguable, but why should memberships of large complex credit unions be responsible for small or fledgling credit unions? This is where credit union philosophy comes into play. The very nature of credit unions as nonprofit cooperatives lends credence to the credo of “people helping people.” With that in mind, it is my belief that all leaderships of credit unions should act in the best interest of individual credit unions. It does not comport well that a state league “requires” a credit union to be a member of CUNA. I say bravo to CEO/President, Dave Adams, and the Michigan Credit Union League. Recently, the Carolinas Credit Union League board of directors unanimously decided to allow its 149 credit unions to join the league without requiring them to join CUNA. In conclusion, it is logical and reasonable for all state leagues and others such as the Carolinas to stop requiring credit unions to have to be a member of CUNA before becoming a member of any other organization.last_img read more