Every month a number of organisations publish house price indices, each based on a different set of data. Sometimes the findings agree, sometimes they conflict. When we report on these figures we explain what they are showing, but we thought it would be useful to give a comprehensive guide to the main indices. Whether you are buying or selling a property, working in the property industry, or just interested in the ups and downs of the housing market, it helps to know exactly who is producing each index, what data they use, and what the headline figures actually reflect. Over on the house prices blog you can tell us what you think about the different indices. Click below to see the different indices:HalifaxLand RegistryLSL Property Services/AcadametricsNationwideOffice for National StatisticsRightmoveRoyal Institution of Chartered Surveyors Halifax Who compiles it? Halifax, now part of Lloyds Banking Group, and one of the UK's biggest mortgage lenders. What does it show? The average … [Read more...] about House prices: what do the different indices show?
ASSOCIATED NEWSPAPERS LIMITED Privacy & Cookies Policy (the 'Policy') You can control online behavioural advertising cookies on this website via your Privacy Settings. Further details on this can be found under "Managing Cookies" in Section 10 below. What this Policy is for? This Policy explains how we protect and handle any information you provide to us, including via our websites mobile apps, communications by email and through social media, by telephone and in person. It also covers any information we receive from third parties. It also provides you with an overview of the rights you can exercise regarding what we do with your information. By using our products and services, including browsing our websites, registering or logging in, we may use your information as outlined in this Policy. Who we are dmg media is an international multichannel media company which is home to some of the UK's most popular brands, including the Daily Mail, The Mail on Sunday, … [Read more...] about ASSOCIATED NEWSPAPERS LIMITED
A dispute over delays to crown court trials has broken out after criminal barristers accused the Ministry of Justice (MoJ) of making false economies by not reducing case backlogs. Figures obtained by the Criminal Bar Association (CBA) show two of London’s busiest crown courts, Snaresbrook and Isleworth, had almost 2,000 cases outstanding according to the latest figures. But HM Courts and Tribunals Service maintains that waiting times are at their shortest since 2014 and claims the number of outstanding cases has halved in the past four years. The row centres on the government’s decision to reduce the number of sitting days it pays for recorders – part-time judges – to hear criminal trials at crown courts on the grounds that the number of cases coming to court has fallen. Earlier this month, Lady Justice Macur, the senior presiding judge in England and Wales, said maintaining the backlog of cases by not employing more recorders to hear waiting cases “was a … [Read more...] about Barristers accuse MoJ of false economies in crown court backlogs
An economics professor who has trashed the work of his colleagues and their ability to forecast how economies will develop is one of the frontrunners for the Nobel Memorial prize for economics. Ariel Rubinstein, who teaches game theory at Tel Aviv University and New York University, has become notorious for claiming that economics lacks common sense and too often pursues research with little application to the real world. In his book Economic Fables he says: “The obsession with formal models helps us acquire intuitions about the way things work in real life” but adds: “I am fairly certain that if instead of dedicating my adult life to economic models, I would examine it from the perspective of a non-academic profession, I would achieve no less useful – but far less abstract – understanding.” He is one of several economists tipped as a possible winner by Clarivate Analytics, a data provider which compiles a list of likely contenders based on academic … [Read more...] about Economist who slated colleagues’ work is tipped for Nobel
The catastrophic effects of climate change are already visible around the world. From blistering heatwaves in North America to typhoons in south-east Asia and droughts in Africa and Australia, no country or community is immune. These events damage infrastructure and private property, negatively affect health, decrease productivity and destroy wealth. And they are extremely costly: insured losses have risen five-fold in the past three decades. The enormous human and financial costs of climate change are having a devastating effect on our collective wellbeing. The impact of climate change has compelled governments to act. Catalysed by the Paris agreement, governments around the world are putting policies in place to limit the global rise in temperatures to 2C, and preferably as close to 1.5C as possible. The actions undertaken by individual countries will deliver a collective transition to a low-carbon economy. But this transition brings its own risks. Carbon emissions have to decline by … [Read more...] about The financial sector must be at the heart of tackling climate change