RICS survey suggest house prices are heading for a fall
44% of 265 Royal Institute of Chartered Surveyors working as Estate Agents surveyed said they had seen house prices fall during the past 3 months. Out of the 265 members surveyed 6% had seen a rise whilst 50% reported prices had been stable.
According to the International Monetary Find (IMF) Greece has made a strong start in getting its finances in order but the government risks being over complacent about its ability to grow the economy in the medium term. Money was lent to Greece by the IMF and Eurozone members in exchange for far-reaching spending cuts and led to violent protests on the streets.
Inheritance Tax mitigation
The wealthy have no time to lose in planning their IHT mitigation
The recent announcement that Inheritance Tax (IHT) mitigation via transfers into trust is likely, in future, to be included in the Disclosure of Tax Avoidance Schemes (Dotas) regime is not good news.
Inflation falls but is still above target
The cost of Transport fall, but prices for food rise as inflation drops to 3.1%, but is still well over above the 2% target. Inflation dropped down in July, but remains far above the government target imposed on Bank of England.