The shortage of country houses on the market has led to more flamboyant barn conversions, says Caroline McGhie . A new Leviathan has arrived in the property market. It was born out of the boom years, funded by the new rich of the Blair era, for whom there were not enough big country houses to [...]
Barclays profits jumped 44pc to £3.95bn in the first six months of the year boosted by a sharp drop in bad debts and its investment banking division. The investment bank, Barclays Capital, once again produced the majority of the profits with a trebling in earnings to £3.4bn. Charges for debts that have turned sour fell [...]
Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, two former Bank of England policy-makers have warned. Sir John Gieve, an ex-deputy Governor, and Charles Goodhart, a previous member of the Monetary Policy Committee, are the most senior economists yet to have opposed the current orthodoxy that [...]
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